The Success of DAMAC Owner Hussain Sajwani

Hussain Sajwani, founder and CEO DAMAC properties, a large private real estate company in the Middle East, is a thriving businessman from a humble background. He was born in 1954 in a middle class and diligent family. His father juggled between selling his shop and real estate but concentrated more on his shop. His mother sold household goods like fabric to women in the area. Hussain Sajwani helped his father run his business from a tender age of 3, due to exposure to the business world and its struggles he was turned off from succeeding his father’s business. Hussain Sajwani was a highly motivated man with high ambitions who desired to get a formal education. He had a government scholarship in a medical college in Bagdad but discontinued before completing. Hussain Sajwani had a desire for entrepreneurship and decided to take that path.

Hussain Sajwani founded DAMAC group in 2002.He discovered this business opportunity when the government decreed that foreigners can own real estate properties in Dubai. He realized that many foreigners were interested in property-owning and that’s when he began selling units in his residential building.

DAMAC group thrived up until in 2013 it was listed as the first company in the Middle East dealing with real estate on the London Stock Exchange. DAMAC has received many awards in Dubai, Saudi Arabia, U.K among others. DAMAC is involved in many developments among them being DAMAC hills in Dubai land and Trump-branded golf courses. DAMAC also focuses on providing catering and insurance services in the Middle East.

Hussain Sajwani approximated net worth is 4 billion dollars. Since he came up from a humble background, he donates to charity often and helping the youth attain their goals either in education or business. He aspires to expand his business in the future to many countries globally. He believes in the future, setting goals and acquiring them. Hussain Sajwani spends the time with his family and also inspires them to go for their dreams however difficult they may be.