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How Hussain Sajwani Earned A Fortune Founding DAMAC Properties

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Hussain Sajwani is an Emirati entrepreneur who lives in Dubai. He has started a number of companies and is now worth almost $5 billion. He comes from a family of entrepreneurs. His father had a company that imported goods from China and sold them to the consumers of Dubai. He left the country for four years when he went to the University of Washington before returning to his home.

When Hussain Sajwani first got back to Dubai in 1981 he worked for Abu Dhabi Gas Industries in their finance unit. The next year he started Global Logistics Services which is a catering company, that he still owns, which focuses on military bases and hotels. The parent company of this business is DAMAC Group. While this company is very profitable his biggest success, though, started in 2002.

DAMAC Properties is a firm that Hussain Sajwani established in order to build high-end property developments in and around Dubai. In addition to building villas, his company also builds apartments and spaces for luxury retail stores. One of DAMAC Properties latest developments was built in a partnership with The Trump Organization. At this development, the villas and apartments surround a Tiger Woods-designed 18 hole golf course. In the partnership The Trump Organization will manage the golf course.

As the Chairman and Chief Executive Officer of DAMAC Properties, Hussain Sajwani is responsible for the strategic vision of his company and its day to day operations. He and his team select the sites that his business will build new properties. He also partners with other companies in order to build these units. In the past, he has partnered with global luxury brands including Fendi, Bugatti, Paramount Hotels and Resorts, and Vercase.

In 201l, Hussain Sajwani expanded a new division of DAMAC Properties which is called DAMAC Maison. This is a bespoke service that focuses on supplying its services to the residents of over 12,000 hotel apartments. Due to this, his company is now one of the largest companies of its type in the hospitality industry in addition to DAMAC Properties being one of the biggest property developers in the region as well.


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