Hussain Sajwani is a self-made billionaire and currently enjoys the status of being the third richest person in the United Arab Emirates. He is a graduate of the University of Washington, completing his studies in Industrial Engineering and Economics. Learn more about Hussain Sajwani Family: http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566
After graduation, Hussain Sajwani took a job at Gasco and worked as a contracts manager for some time before quitting the job to start his first company, Al Jazeira Services.
Even though Hussain Sajwani started Al Jazeira catering services with limited capital and without extensive infrastructure and backing, the company is now a market leader in its niche, handling over 200 projects and serving on average 150,000 meals every single day.
However, while his catering company was running well, he realized that Dubai’s real estate market has potential and came back to Dubai, and immediately after bought a land plot in the suburbs of Dubai.
Hussain Sajwani planned a luxury housing project of 35 stories on the plot and managed to sell off the project within six months, even before the construction began. It is what marked the beginning of Damac Properties.
Damac Properties is now a publicly listed company with a workforce of over 2,000 employees globally. The net worth of Hussain Sajwani is over $3.8 Billion dollars and is the third richest person in the United Arab Emirates. Damac Properties operates at many venues globally including North Africa, Jordan, Qatar, Saudi Arabia, United Arab Emirates, and the United Kingdom.
Damac Properties is built on the vision of developing and delivering some of the finest and most luxurious residential and commercial properties and is also known for its unique marketing strategies like giving Bentley or Mercedes as a gift with every unit purchase. Read more: Hussain Ali Habib Sajwani | Bloomberg
Currently, Damac Properties is building a couple of International Golf courses integrated housing complexes in Dubai in partnership with the Trump Organization, which is owned by the U.S. President Donald Trump.
Hussain Sajwani and Donald Trump have known each other for a long time, and have even collaborated on a few projects in the past. The families of both the several individuals also know each well and are seen dining together whenever they are in the same city.
Hussain Sajwani is also a noted philanthropist and recently contributed AED 2 Million to provide proper clothing to the underprivileged children.