In 2002, Hussain Sajwani founded DAMAC Properties Dubai Co., a luxury real estate development company based in Dubai. DAMAC has also expanded to Jordan, Qatar, Lebanon, North Africa, and Saudi Arabia. Before becoming the owner and CEO of DAMAC, Hussain Sajwani attended the University of Washington for a Bachelor’s degree in Economics. Subsequently, Hussain Sajwani began his career working at GASCO as a contracts manager.
In 1982, Sajwani started a catering business. His once modest catering business is now a market leader. It serves over 150,000 meals each day and manages more than 200 projects in Africa, The CIS, and the Middle East.
Sajwani has also used his excellent business skills to become a leader in the UAE property market development. Hussain Sajwani recognized Dubai as a growing area, and he took the opportunity to build many hotels. In 2002, he established AMAC properties, now known as DAMAC Properties Dubai Co. Much of DAMAC’s success can be attributed to Sajwani’s excellent sales, marketing, finance, and legal skills.
DAMAC was the first real estate company based in the Middle East that was listed on the London Stock Exchange. This was in 2013 after DAMAC raised monies totaling $379 million through an IPO. In 2015, DAMAC got onto the Dubai Financial Market in its home area.
DAMAC has completed over 20,230 luxury homes since it was founded. DAMAC branded apartments and villas have premium brands such as Fendi Casa and Versace. Not only do DAMAC properties use the best brands in their units, they pick exclusive locations to build on. Some of their more notable properties are Lake Terrace, Executive Heights, The Crescent, Lago Vista, and Park Towers. DAMAC currently has over 44,000 units in progress, from the planning to building stages. DAMAC properties are some of the most exclusive and luxurious units available. Hussain Sajwani has built an amazing company and created an unbeatable brand.