Hussain Sajwani: A UAE Real Estate Developer

Hussain Sajwani is a real estate developer based in the United Arab Emirates. He has taken part in the the massive development of Dubai. He has developed various types of properties, such as residential buildings and golf courses. Hussain Sajwani started his career by working as a Controls Manager at Abu Dhabi National Oil Company. Beginning in the early 1980s, he established a successful catering business. Striving for more success, he decided to get into real estate. He built hotels in Deira in the mid 1990s. Hussain Sajwani established DAMAC in 2002.

 

Through DAMAC, Hussain Sajwani contributed to the development of Dubai. He bought undeveloped properties, and, through business acumen and contacts, sold many housing units. Sometimes, he sold housing units before buildings were even constructed. In the Great Recession of 2008, sales dropped dramatically. However, DAMAC weathered the storm. DAMAC survived the recession by controlling costs, carefully husbanding cash, reining in some projects and imposing stricter policies against buyers who were in difficulties.

 

 

The DAMAC owner teamed up with Donald Trump in 2013 to build two golf courses in Dubai. The land would be developed by DAMAC, and the golf courses would be run by the Trump organization. One golf courses was completed in February of 2017. The other golf course is meant to be completed in late 2018. Hussain Sajwani offered Trump a two billion dollar business deal, though Trump turned it down due to his current election as president of the United States.

 

It is quite evident that the Hussain Sajwani family and the Trump family adore each other. Their interactions go beyond professional business meetings. They socialize with each other during social occasions. Trump has committed himself to only socializing with the Sajwani family, not engaging in formal business meetings with them. The tie between both families goes beyond cold business relations.

 

To learn more, please visit https://www.damacproperties.com/.