Hussain Sajwani and His Passion for Real Estate Investments
Hussain Sajwani’s debut in the real estate sector was facilitated by Damac Properties, a company that he unveiled back in 2002. During the time he debuted, the real estate industry was lucrative. Furthermore, the government had permitted foreigners to venture into the industry.
As the chairperson of one of the most successful privately owned enterprises, Damac Properties, Sajwani’s passion for investing keeps growing as Dubai becomes a hub for investors.
Sajwani is a Dubai native with Omani roots. As he grew up, he looked up to his father who owned a store in Deira Souk. Sajwani’s mother was a small-scale trade – she sold goods to ladies living in their neighborhood. Sajwani’s parents influenced his entrepreneurial spirit as he was growing up. One of his happy moments was when he sold Timeshare Apartments before joining college.
The profits he generated from selling Timeshare Apartments were used in setting up a catering company. It was known as Draieh Management Services Company. The company operated from Abu Dhabi and later expanded its catering services to the Gulf region.
It emerged successful after the U.S. military signed up for the catering services. Hussain Sajwani’s catering firm also attended to leading oil and gas companies, such as Fluor Daniel, Betchel, and Chiyoda.
Career Highlights of Hussain Sajwani
After attending the Washington University and graduating with a BSC in industrial engineering and economics, Hussain Sajwani began his professional career as a contracts manager in 1981. He later established Draieh Management Services Company for catering services. The DAMAC owner also created Twilight Invest in 1992 as an investment company. In 2003, he managed to acquire 40 percent ownership of Al Alhia Insurance Company.
Hussain Sajwani’s company, Damac Properties, started working on a Lebanon-based tower in 2010. The tower was decorated with interior design materials made by Versace. Later in 2013, Sajwani enlisted his Damac’s financial support in partnering with Donald Trump.
This partnership led to the construction of Trump Golf Course, which was launched in 2017. Hussain Sajwani continues to associate Damac Properties with Trump’s children. He once attended a New Year Eve celebration at Trump’s residence.
Learn more about Hussain Sajwani: http://www.forbes.com/profile/hussain-sajwani