Hussain Sajwani, A Self-made Billionaire, Wants Everyone To Live In Luxury
DAMAC owner, Hussain Sajwani is a self-made billionaire with a net worth of 5.1 billion. He’s considered a pioneer of property development in Dubai. He has a bachelor’s degree from the University of Washington where he studied economics.
Born in 1954, in Dubai, Hussain Sajwani credits acquiring his work ethics and ambition from his father and mother. The Hussain Sajwani family includes his wife and four children.
Aliqtisadi noted that in 1981, Hussain Sajwani worked as a contract manager at GASCO. A year later he established a catering company. He was extremely successful in the catering industry, acquiring significant contracts such as the U.S. military. Hussain Sajwani is proud of the recognition he received for outstanding catering service delivered to the U.S. army during operation Desert Storm.
In 2002, Hussain Sajwani formed DAMAC Properties in Dubai, a public development and management company for commercial, hotel apartments, leisure and residential properties. DAMAC receives accolades regularly. They are the largest developer and operator of hotel apartments in the world, one of the largest property developers in the Middle East, and was the first development company from Dubai listed on the London Stock Exchange.
DAMAC takes pride in developing high-end, luxurious, glamorous-looking properties. Bugatti even conceptualized a select number of luxury villas. DAMAC also provides equally extravagant marketing rewards. They gave away a luxury car to anyone that purchased a new property. Past cars given away include Aston Martin, Audi, BMW, Lamborghini and Mercedes Benz.
Hussain Sajwani is passionate about assisting people to live a higher quality of life. He’s extremely active with numerous charities, especially those supporting children. He views the youth as the future of society. Hussain Sajwani and DAMAC donated 2 million to a campaign to clothe deprived children around the world. Along with DAMAC Charitable Foundation, Sajwani offers sponsorship and full support for the initiative of “One Million Arab Programmers”.
Hussain Sajwani exemplifies elegance and grandeur. It’s no surprise that he’s friends with Donald Trump. DAMAC developed two Trump-based golf courses, Trump International Golf Course and Trump World Golf Course. Hussain Sajwani attended a New Year’s celebration at Trump’s Mar-a-Lago resort in Florida. Donald Trump proudly recognized Hussain Sajwani during a speech to 800 guests.
Meet DAMAC’ Board Members here: damacproperties.com/ar/investor-relations/corporate-governance/meet-our-board