The Inception and Growth of DAMAC Properties Firm

DAMAC Properties Dubai Co. is the biggest real estate companies in Dubai and the Middle East. It was founded in 2002 by Mr. Hussain Sajwani, and its headquarters are located in Dubai.

The DAMAC owner, Mr. Hussain, is a humble man who made his way up the ladder to become the respectable businessman he currently is. Initially, he worked with catering services delivering food to the U.S military in 1991 during the first Iraqi war; and to separate American companies such as Bechtel. Despite the contracts Mr. Hussain Sajwani had signed in the catering industry, he still sought greener pastures.

In the year 2001, foreigners were permitted to own property in Dubai, and Hussain Sajwani saw his big break. The following year, he decided that real estate was the way to go. Although he had previously developed some substantial buildings, this time he was favored by the six-year real estate upsurge that was dawning.

The DAMAC Properties Firm outdid themselves and developed lavish high-end buildings. Their efforts to market the buildings saw them become among the most successful real-estate companies. In 2011, the company launched DAMAC Maison, it’s hospitality division which offered its services to over 8,000 apartments.

Being the chairman and CEO of internationally unique construction and real estate company, DAMAC owner was able to interact with recognized personalities. In 2013, Mr. Hussain Sajwani came together with Pres. Donald Trump and built the Trump International Course in Dubai. This information was revealed to the public when Mr. Trump praised his business associates while he celebrated his election victory.

 

Aside from his success, Mr. Hussain Sajwani is also recognized for his humanitarian actions toward helping to improve people’s living conditions. He once donated 2 million United Arab Emirates Dirham to support the campaign aimed at clothing needy children across the globe. The campaign was a Ramadhan initiative spearheaded by the ruler of Dubai in 2013.

 

The success of DAMAC is attributed to Mr. Sajwani’s exceptional entrepreneurial skills. The interior of his luxurious apartments has been decorated by designers such as Fendi and Versace. If that is not all, the DAMAC owner is also known for giving away Bugatti and Lamborghini vehicles to his clients. However, even in the face of success, Mr. Hussain Sajwani relishes his roots and still deals in the food business.