In most businesses, product position in the market is the most vital strategy and plan to consider. The result is a successful business venture because product positioning helps in defining and exploiting available opportunities in the market. Networking is also as important in expanding a business. That is what DamacGroup has managed to achieve since its establishment.
According to Albayan, the prominent Hussain Sajwani founded the Dubai-based company. He is the chief executive officer as well as the chairman. Established in 2002, DamacGroup has evolved into a stature and one of the world’s leading luxury property developer. The company has an employee base of over 2,000. From its first rental building geographically located in Dubai that was rented out six months before the finishing, Damac Group specializes in the production of luxurious and stylish residential as well as commercial buildings.
Trump Branded Golf Clubs
In 2013, Hussain Sajwani partnered with Donald Trump to establish a gold club with Tiger Woods being the designer of the plan. This was way before Mr. Trump became president. The gold course was opened in 2017. It is a leisure project that has seen Mr. Donald Trump President of the United States applauding him for the branding. The initiative indicated Damac’s growth in the real estate industry. Recently, DAMAC Ower Hussain Sajwani said he has plans to list Damac’s IPO in the London’s stock exchange interface. He also plans to expand its horizon in marketing through other affiliates.
About Hussain Sajwani
In 2002, Hussain Sajwani took advantage of the fact that the government of Dubai allowed foreigners to own land in the Emirates. He built the first business which attracted most Emiratis into buying the apartments. After his first venture, Sajwani bought land and invested in the construction of residential buildings.
Hussain Sajwani has beautified Dubai with stylish and modern structures. His interaction with high profile men like Donald Trump has massively contributed to his charity events. Hussain Sajwani commits to helping the less fortunate in the society through providing shelter, food, and clothing in the form of money donations. Under his leadership, Damac Group has developed into the core provider of luxury and commercial properties in the Middle East.