Hussain Sajwani is a United Arab Emirates entrepreneur who has made a fortune in real estate development. He owns and operates DAMAC Properties which has property developments across the Middle East. His specialty lies in luxury residential homes that are supported by retail space he develops which are occupied by high-end brands like Versace and Bugatti. He is well-known for doing over the top marketing like giving away a Rolls Royce to those who buy his properties.
It was in 2002 that Hussain Sajwani launched DAMAC Properties. It was in that year that the government of the United Arab Emirates relaxed the rules regarding foreigners owning property in that country. He saw this as an opportunity to develop properties for wealthy foreigners in Europe, the United States, and countries in Asia. He had already been an entrepreneur for almost 20 years having launched his first business, an international catering firm, in 1983.
In 2013, Hussain Sajwani formed a partnership with Donald Trump. The deal stipulated that Donald Trump would manage the golf courses that were to be located in two huge developments DAMAC Properties would build near Dubai. The first one, Trump International Golf Course Dubai, was completed in February 2017. This one is located in the Akoya property development. The second one is expected to be completed towards the end of 2018.
Hussain Sajwani says that after his latest property development is completed near Dubai he is going to have DAMAC Properties focus more on real estate opportunities in Europe. He has already invested in a tower under construction which is located in London. He says his ultimate dream is to have DAMAC Properties located in all of the major hubs in the world such as New York, Paris, Tokyo, Toronto, and so on.
Primarily because of DAMAC Properties, Hussain Sajwani is worth about $4.2 billion. He has chosen to donate some of this money in order to improve the lives of people around the world. One example of this occurred five years ago when he joined an initiative that had been launched by the Ruler of Dubai. This effort involved providing clothes to children around the world who live in desperately poor conditions. He gave AED two million to this cause. This was enough money to provide warm clothing to around 50,000 children. He said that he wanted to do his part to helping children get off to the best start in live available to them.
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