The Story of Hussain Sajwani and The Oath of Youth

Hussain Sajwani had an early relationship with hard work when he worked for his father in the family business in Dubai. He worked long hours after school selling person and consumer items, Chinese imports, and office supplies.

He was often frustrated and said to his father that when he grew up he would never be self-employed because the hours were terrible. He would rather get a degree and become a professional so he would have regular working hours.

Hussain was fortunate enough to receive a scholarship to the University of Washington where he graduated with degrees in economics and engineering. He then returned to Dubai where he worked in the gas industry as an engineer.

This job lasted only a short time until he ran into an opportunity that only a self-employed approach would solve. So much for his childhood oath.

Hussain formed a catering company that sold meals to the US Army during the Gulf Wars in that region of the world. That venture was very successful and taught Sajwani how to manage and run a large organization.

In 2002, Sajwani established DAMAC Properties, a real estate company designed to build and manage properties in Dubai. The UAE had just eliminated restrictions for foreign nationals immigrating to the UAE. This prompted Sajwani to predict that a new real estate boom was about to occur, and he wanted to be in the position to take advantage of it.

Sajwani had the rare talent of promotion and marketing, and he wasted no time in getting started. He began to promote his unique accommodations and the response was very positive indeed. In fact, his very first project was completely sold out prior to any construction being started at all.

DAMAC Properties was to become the Hussain Sajwani family basis for wealth, and it grew very rapidly. Customers were enthusiastic about the luxury apartments and villas with their fabulous Versace and Fendi interiors.

Sajwani joint-ventured with Donald Trump on several Trump golf courses that were placed at key apartments and resorts. The Tiger Woods-designed courses were perfect for the desired ambiance of the developments.

To date, the DAMAC owner has built 19,000 apartments with another 44,000 in some stage of development.

Read more: Hussain Ali Habib Sajwani | Bloomberg and Hussain Sajwani | Forbes

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