Making Bold Moves: DAMAC Owner Hussain Sajwani
Hussain Sajwani is the founder and DAMAC owner. He founded the company in 2002 and with the help of a new law in the United Arab Emirates (UAE, become a billionaire in the real estate market. Hussain Sajwani has made a career out of turning properties to gold. He has not forgotten his roots as the DAMAC owner. He has donated millions to charities in the UAE and around the world as well. In an interview with albawaba.com, he describes how his business had thrived over the years since the financial crisis of 2008.
One thing that Hussain Sajwani the owner of DAMAC had to do after the crisis was to make bold moves inside the UAE and expand outside of Dubai into neighboring countries like Jordan and Saudi Arabia. In the early part of this decade, Hussain Sajwani saw a number of people moving into Dubai and surrounding areas. He saw this as a golden opportunity to expand his empire in Dubai. He was able to create DAMAC Hills and Akoya Oxygen to accommodate the new wave of people coming into the country. He also made sure to take measures with DAMAC in order to prevent another crisis like 2008.
Over the next few years, DAMAC owner Hussain Sajwani saw opportunities outside of Dubai and the United Arab Emirate to increase his wealth and make his name more potent in the real estate business. He is building on the momentum of a strong and robust economy. He has a couple of projects that are in the works in the cities of Riyadh, Saudi Arabia and Amman, Jordan. The buildings will be called the DAMAC Exclusiva and The Heights. These new projects should be completed in the next few years. He also has a waterfront project in Muscat, Oman in the works as well.
This is how Hussian Sajwani has managed to stay on top. Even when the market is in turmoil he sees an opportunity and takes advantage of it before it is too late. Thinking ahead of the competition has put Hussian Sajwani at the top of the real estate market.