Hussain Sajwani and DAMAC Have Redefined Real Estate

Hussain Sajwani grew up in Dubai and after school, he worked for his entrepreneur father in the family variety store. The store carried consumer items, office supplies, and imported goods from China. The hours were long and young Hussain put in a lot of time. He told his father that he would probably never be a self-employed businessman because it gave you no life with the long hours.

 

Then later while still in school, Hussain discovered a very cheap source of candy and he wound up selling a good quantity of it to his schoolmates, thus giving him a taste of entrepreneurship himself.

 

Hussain was awarded a scholarship to the University of Washington in the USA where he graduated with an engineering degree. He then returned to Dubai where he worked as an engineer for an oil company. That career was shortened by an opportunity which Hussain took advantage of. He formed a catering company that subsequently supplied the food for the United States during the Gulf wars in Kuwait and Iraq. The business was a huge success and is still operational.

 

In 2002, Sajwani formed DAMAC Properties, a real estate company that was set up to design and market apartments, condominiums, and resorts. The UAE had just made the statement that restrictions on the immigration of foreign nationals had just been lifted. This prompted Sajwani to predict that a real estate boom was on its way and he was absolutely correct.

 

The DAMAC owner was embarking on a course that would set the Hussain Sajwani family on course for great wealth and influence and what was to come would astonish everyone. Hussain got off to a fast start, largely due to his emphasis and fine skills that were brought to bear in marketing and promotion. The people of Dubai knew who DAMAC was and what was being offered very early.

 

In fact, the very first apartment project that Sajwani put forth was completely sold out before the construction was even started. And then more of the same occurred. If something works, do it again and again. To date, DAMAC has built 19,000 apartments, and there are another 44,000 in some stage of production.

 

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