DAMAC Owner Hussain Sajwani Looks To Europe And Asia For Further Expansion

Home / DAMAC Owner Hussain Sajwani Looks To Europe And Asia For Further Expansion

Hussain Sajwani is a billionaire property developer who lives in the United Arab Emirate. After completing secondary school he was accepted by the University of Washington where he earned undergraduate degrees in economics and industries engineering. He returned to the UAE where he briefly worked in the finance department at Abu Dhabi Gas Industries. Two years later, in 1983, he successfully launched his first business which was a catering company. This company counts among its customers the international engineering and construction firm Bechtel as well as the United States military. This business, which is still in operation, is called Global Logistics Services.

In the 1990s, DAMAC Owner Hussain Sajwani first got involved in the real estate industry when he built a couple of hotels. He moved into this industry in a big way in 2002 when he launched DAMAC Properties. This company builds luxury residential and commercial properties. His latest property, due to be completed at the end of this year, has a golf course designed by Tiger Woods and will be managed by the Trump Organization. DAMAC Properties also partnered with the Italian fashion design firm Bugatti to design the exteriors of the homes in the development.

Now that DAMAC Properties has developments in all of the major Middle Eastern cities he is increasingly looking farther afield to develop new properties. Hussain Sajwani opened a residential tower in London in 2017. He is now setting his sights on Europe and Asia as he continues to expand DAMAC Properties. China, in particular, is a market that he wants to enter. He says that the middle class continues to expand there at a good pace and since relations are good between China and the UAE he expects to find some additional investors for his DAMAC Properties developments.

Over the years Hussain Sajwani has supported a number of philanthropic efforts. In 2013 he financially supported an effort to provide clothing for deprived children throughout the world. This effort had been launched by the Ruler of Dubai and he donated AED two million to this cause. More recently he has been supporting the One Million Arab Coders Initiative which will teach Arab people how to create software for free.

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