It is no secret that DAMAC Properties is one of the most successful property development firms in the Middle East and throughout the world. Known far and wide for their high-class and luxurious projects, with Hussain Sajwani at the helm, there are no signs the firm will not continue to see success in the short- and long-term.
They have entered a partnership with the Trump Organization to build two golf courses in the United Arab Emirates, designed by Tiger Woods himself. With the completion of the first, Hussain Sajwani and DAMAC Properties could not be more pleased with the design and quality offered by their development partner. Even with recent headlines made by the President concerning his decision to recognize Jerusalem as the capital of the state of Israel, it believed there would be no effect on DAMAC’s performance and day-to-day operations.
In fact, DAMAC continued to see year-over-year growth with plans to expand in Europe, more specifically, the United Kingdom where Brexit has resulted in the softening of the countries real estate market. It has led to the pound returning to a more favorable level, that in the long-term will see DAMAC invest more in the economy to bolster their already impressive portfolio of properties. In addition to the United Kingdom, Hussain Sajwani has the desire to also expand to the United States.
Overall, Hussain Sajwani is a man of great entrepreneurial experience; he led a successful career in the oil industry before starting his first successful business. He is a graduate of the University of Washington where he earned a degree in Industrial Engineering and Economics on a government-sponsored scholarship.
Through his career, Hussain Sajwani and DAMAC have gone on to work with well-known luxury brands in several of their properties like Versace, Fendi, Bugatti and Paramount Pictures. In 2017, Sajwani was named one of the top ten wealthiest Arab billionaires by Forbes, was honored with the title of Property CEO of the year and ranked number 15 in the Hotelier Power 50 further contributing to his success as a businessman and investor. Even as it stands, DAMAC is set for continued growth as they to meet the high demand for their luxury developments in the Middle East and Internationally.