DAMAC owner Hussain Sajwani: Business Lessons

Legendary Emirati businessman Hussain Sajwani is the founder and Chief Executive Officer of DAMAC Properties, the Middle East’s largest real estate development firm. Hussain’s business experience over the years stretches from the oil industry to catering and hotel development. He has been behind several of the biggest booms ever seen in the region as the leader of DAMAC Properties and his story is a truly compelling one.

 

Hussain learned to value hard work at a very early age. He worked in his family’s shop in the town of Deira every day after school from the age of seven onwards. Hussain attributes this time period and experience as being formative in helping him to learn the value of a strong work ethic. He has always been entrepreneurially inclined and credits the many lessons he learning helping in his family’s business as being the inspiration for this. Hussain always talks about how his father was a very savvy businessman and many of the tricks of the business trade that he still employs to this day as the DAMAC owner were learned by observing how his father ran his business.

 

Today, Hussain Sajwani ranks as the 10th richest Arab in the world. Renowned financial publication Forbes places Hussain’s fortunes in the region of $3.7 billion. Hussain’s most successful business venture DAMAC Properties is the 4th largest publically traded, Arab own company in the world as of 2017. This success has largely been due to Hussain Sajwani’s willingness to make brave but calculated business moves. Hussain has also, very impressively, always financed his own development projects from the very beginning.

 

The success of DAMAC Properties and Hussain Sajwani and the DAMAC owner reached a crescendo in 2013 when the company gained the prestigious distinction of being the first Middle Eastern real estate development firm to gain a listing on the stock exchange in London, United Kingdom. Since that time DAMAC Properties has engaged in a steady stream of new development projects across the Middle East as well as in the United Kingdom.

 

As the DAMAC owner, Hussain Sajwani has also developed a very close business relationship over the years with current United States President and fellow real estate developer Donald Trump. This business relationship extends to President Trump’s family as Hussain has a great working relationship with Trump’s sons as well. The relationship has yielded, among other things, the development of several luxury golf resorts.

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