The global property development company DAMAC Properties based in Dubai is a public company that engages in luxury residential, leisure, and commercial properties development. It is an engineering, construction and architectural industry, founded in 2002.
It is owned and chaired by Hussain Ali Habib Sajwani. The 1956 United Arab Emirates-born citizen, is a renowned astute businessman and investor in global equity and capital markets.
As the eldest son in his middle-class raised family, Sajwani developed a business interest in his early days by managing his father’s shop. This was later articulated by him joining University of Washington and graduating with a Bachelor of Science degree in Economics and Industrial Engineering in 1981.
His career started as a Contracts Manager in GASCO before establishing his catering business in 1982, which started as a humble beginning offering its services to campsites, educational institution and US army to establishing 5-star hotels worldwide. He trended in this field until he recognized another market opportunity, which led to DAMAC establishment in 2002.
Thanks to his connections, the DAMAC owner has joined forces with some of the most recognizable brands to come up with authentic and interesting living concepts to their consumers. One of its key business partners is the Trump organization, who are in the same field of interest and real estate development.
They have come together in designing a one of its kind tiger wood and Trump International golf course which will be managed by The Trump Organization. Trump through his office perceives Sajwani as a boost in his business brand, and both have vowed to keep it that way despite political claims surrounding it. Learn more about DAMAC owner: http://www.hoteliermiddleeast.com/23813-the-rise-and-rise-of-damac/
In 2011, a hospitality division, DAMAC Maison, was launched within the DAMAC properties. This has positioned it as one of the largest Hotel Apartment operators and developers in the region by the development of bespoke services to clients in all serviced hotel rooms. In addition, through DICO he focuses on private mergers, acquisitions, and equities. Read more: DAMAC Chairman Relishes His Roots
According to Sajwani, the operations has called for strategic measures in saving, controlling and prioritizing cash disbursed to various projects and intuiting strict measures on customer deals. This ensures each cash developing projects distributed from Dubai, Doha, London mentioning a few, run and supports themselves.
On focusing on the Hussain Sajwani family, the father of four and his wife have also been involved in charitable foundations that support the local community and guides the youth on career paths they could explore. These include the latest collaboration Emirates Red Crescent in handing over of two million cheque to help less fortunate in the society.