Hussain Sajwani Journey to Real Estate Investment
Hussain Sajwani is a self-made real estate billionaire from Saudi Arabia. He is a Dubai-based mogul with massive investments in the real estate industry. At 64 years of age, he is the proud owner of Damac Properties. Prior to that, Hussain Sajwani had his interests in the food industry and had founded a food service firm, which he still owns up to date.
Hussain first worked with the United States army in 1991 during the first Iraqi war. This was during the operation code named “desert storm” by the United States army. He remembers the experience with nostalgia and adds that it was a remarkable experience. He further adds that since then, they have worked with Americans in different parts of the globe including in the Gulf, Bosnia, and Somalia.
His experience is, however, not only restricted to food service and the army, he has also worked with Bechtel, a construction company in America. The food business he was engaged in is what assisted him to get friends in high places internationally. Hussain Sajwani has been associated with the president of the United States Donald Trump. They have been described to have a cordial business and social relationship with the president. Hussain adds that the Sajwani family has dined with the Trump family. Donald trump once described the Hussain Sajwani family as “The most beautiful people.”
About Damac Properties
Damac Properties is a real estate company that specializes in the development of high-end properties in Dubai. Hussain Sajwani is the company’s founder and chairman. It was formed in 2002 after the government of Dubai made it legal for foreigners to own land in the Emirates. The Damac owner, Hussain, foresaw the increase in demand for apartments by foreigners that would be brought about by this move. In this wisdom, he bought a piece of land in town and started the construction of a 38 storey residential apartment.
Six months before beginning the construction of Damac, Hussain had already managed to sell some units of his building. Sajwani has also collaborated with Donald Trump, in the year 2013, through the construction of two golf courses named after Trump. Hussain Sajwani, nevertheless, is a philanthropic businessman. He donated AED 2 million to an initiative of the Dubai government that aims to clothe poor children around the world. This campaign took place during Ramadan and was launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum.
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