Hussain Sajwani is the founder and chairman of DAMAC Properties, a leading global property development company based in Dubai. UAE. He is a graduate of the University of Washington with a degree in Industrial Engineering and Economics. His career started in 1982 after working as an employee with GASCO. He decided to exploit his entrepreneurial skills by creating a catering venture in 1982. This catering business still exists and is a leading player in the careering industry. It serves over 150,000 meals per day in the Middle East, Africa and CIS. Despite getting much of his success from the real estate industry, he is still interested in other business.
In 2002, Hussain Sajwani was one of the pioneers of the property market expansion in the Middle East. He saw that there was a great opportunity for real estate business in Dubai judging by the rising prominence of the city as a destination hub for many business people. The high number of people coming to Dubai need accommodation, and therefore a real estate business would be a good idea. Today, DAMAC Properties is the largest property development company in the Middle East. It has footprints in Dubai, Qatar, Jordan, Lebanon, United Kingdom, and others. So far, it has delivered over 17,900 homes and is in the process of completing 44,000 units.
DAMAC Properties has extraordinary growth that can be attributed to the entrepreneurial skills of Hussain Sajwani. He is among the top influential Arabs in the world, with a net worth of over $4 billion. His leadership in this company has provided continuity in development, a factor many businesses today lack. His success in the global equity and capital markets proves that he is an astute businessman with an eye for fine opportunities.
The entrepreneurial skills that he possesses were inculcated in him at a very young age. He was helping his parents to run a family business while in school. While in the university in the United States, he sold time-share apartments, a factor that would lead to the formation of his company. He realized that he would make more money working in his business than through employment.