Hussain Sajwani, Chairman and Chief Executive Officer of the DAMAC Group is extremely successful and accomplished. The chairman came from a conservative, industrious family with humble beginnings. He was a part of his father’s business since the age of 3–when he became older, he began to work at the family-owned shop. His father sold accessories such as watches and pens. Mr. Sajwani saw the long hours his father dedicated to his business and was somewhat discouraged to take over something that could possibly burden his future lifestyle.
Instead, the young and career-bound Hussain Sajwani opted to attend medical school in Baghdad via government funding, but he later decided not to finish his course of study. Instead, he recognized an opportunity to obtain residential property under a Dubai decree which allowed a foreigner to purchase land. Once Hussain Sajwani secured the property, he quickly sold housing units before construction was scheduled. This was indicative of how well his illustrious real estate and property development venture would do.
The DAMAC Group derived in 2002 as a result of entrepreneurs’ sharp skill set and brilliant business acumen. Today, DAMAC group is headquartered in Dubai and handles development for residential, leisure, and commercial properties in the Middle Eastern sector.
The company has experienced multiple highlights such as being honored with industry awards and recognition in the Middle East, as well as collaborating with real estate mogul Donald Trump-crafting two premium golf course communities under the Trump brand. Trump International Golf Club Dubai opened its doors in February of 2017, and The Trump World Golf Course, inspired by golf pro, Tiger Woods, is scheduled to open at the end of 2018. The brilliant owner tapped into the hospitality industry with the advent of DAMAC Holdings, a catering service that has grown into the largest operation in the Middle East’s existence.
Hussain Sajwani is now worth well over $4 billion. The talented billionaire has future aspirations of expanding the company’s real estate development territory worldwide. He enjoys spending quality time with his wife and children when he is away from his successful business enterprises.