DAMAC Group And Hussain Sajwani

Hussain Sajwani was the co-founder and chair of DAMAC properties since 2002 when the company was founded. Initially, he started a business in catering services in the USA military and the construction of giant Bechtel. By 2001, the Dubai government allowed foreigners to invest, Hussain changed to real estate and sold a residential building.

Hussain Sajwani is a graduate from the University of Washington after which he started his career as a contract manager in GASCO. Sajwani has extensive experience in sales and marketing and finance. Moreover, he has outstanding leadership and entrepreneurship skills that had brought about his prosperity in the business world. He started his catering business in 1982 and the 1990s; he constructed many hotels in Dubai to accommodate the people who were coming to Dubai to do business. Later in 2002, he identified a new market opportunity and initiated. DAMAC properties, today has developed to be the greatest company In the United Arab Emirates.

DAMAC Properties is a company that deals with real estate property that provides premium living structures to its clients. The company has been well established in the major global cities, for instance, Abu Dhabi, London, Doha Amman among many other cities. The DAMAC group is anchored on three principles that are they do not hold debts for the land they purchase. They pay in full amount after striking a deal with owners, second, their accounts are independent in that they don’t transfer cash across their accounts. Thirdly, they preserve the cash reserves either in fixed deposits or government bonds. As such, if the markets overturn they will still support their constructions. Hussain Sajwani has developed an amicable business relationship with the USA president Trump in real estate investment, The Trump Organization. Trump and Sajwani enjoyed the New Year together and had amalgamated the Trump International Golf Club, where lavish Villas where profits have been estimated to be nearly $2billion. Hussain Sajwani in his NBC interview revealed that their relationship goes beyond them and extends to Daughter Ivanka and sons Eric and Donald Jr. again, he explicitly said that since the children are involved, they will continue with the business ties.

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