Real Estate the Hussain Sajwani Way

In Dubai when Hussain Sajwani was a schoolboy, his father had him working lots of extra hours after school in the family store. The entrepreneurial father had big plans for Hussain to someday take over the family business, but Hussain had other ideas. He swore that the would get a degree and become a professional so he could work regular hours.


Hussain did end up attending Washington University in the United States and earned a degree in engineering. After graduation, he returned to Dubai where he found work in the oil and gas industry there. However, he wound up being in business for himself after all when he started a catering company that very successfully supplied meals for the US Army during the Gulf Wars.


When the UAE decided to allow foreign nationals to immigrate, Sajwani forecasted that there would be an immediate real estate boom, and he was correct. The flood of well-to-do immigrants provided the perfect opportunity for his next venture. In 2002, he formed Damac Properties which would become the main focus of his business interests, although the catering company continued and is still doing well to this date. However, Damac has been the primary focus of Sajwani and the Hussain Sajwani family as far as business interests.


Hussain, as Damac owner wasted no time in launching his real estate business. His fame as a marketer started with the saying, “A Bently With Every Apartment.” He completely sold out all of the spaces before construction had even begun on his first project.


Sajwani credits his conservative business practices to his success in a very volatile market in the beginning. First of all he always pays cash up front for the land. That way there is no question who is the owner and no one can foreclose. He finances very little of the construction and the finishing of his projects. He keeps a separate account for each project so every on stands on its own.


Today Damac has completed 19,000 apartments and 44,000 are in various stages of completion. He has partnered with Donald Trump before the US Presidential election for several golf courses in some of his luxury apartments and resorts.


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The Connection Between Emirati Billionaire, Hussain Sajwani and the Trumps

There are many things that were remarkable about the New Year’s eve speech that was made by Donald Trump. However, the one detail that seems to have stuck in everyone’s head was the fact that he mentioned an Emirati business partner who had apparently offered him property worth $2billion. He stated that he would have to turn down the offer as the presidency does not allow him to run his personal businesses. The thing that everyone wanted to find out immediately, was the identity of the said billionaire and his connection to the Trumps.


Hussain Sajwani is an Emirate Business man, and Damac owner. He has built his business empire for the past three decades and is worth more than $4 billion. His firm mostly deals with real estate development. This includes the creation of luxury real estate property in Dubai, Jordan, Qatar, and recently even the UK. One of the recent huge deals that the company completed was the construction of the Trump International Golf Club in Dubai. The project was completed earlier this year, and the sons of Donald Trump attended the launching ceremony. The real estate development projects are done by Damac properties, which is a subsidiary of the Damac Group.


Hussain was born in the United Arab Emirates in 1956. He attended the University of Washington where he studied Arts. He did work in several companies before he quit and started the Damac Group in 1994. Today, he is listed as the number 501 Forbes billionaire of the year 2017. Sajwani has a wife and four children, the Hussain Sajwani family resides in the United Arab Emirates.


Other than real estate development, and striking huge business deals with other billionaires like the Trumps, Hussain is very passionate about charity causes. The Dubai Compassion Campaign is one of the charities that he has been supporting for a very long time. He has contributed more than a quarter of a million dollars so far, with all the money going towards the support of refugees in Lebanon and Jordan. Hussain believes that the financially able members of the community should always support those in need. Hussain has also assisted the UAE government in a number of occasions including the funding the red crescent. He is a board member at one of the most prestigious universities in Jordan.


All the wealth that Hussain has made is because of his hard work and resilience. Even though Trump seems to have suspended business dealings with him, he can always talk to Trumps sons for future business deals.


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