Hussain Sajwani is the founder, chairman, and CEO of DAMAC Properties. He was part of the team that created the biggest real estate boom. Even after the 2008 crash, he still came back and performed very well.
Hussain Sajwani attributes his success in business to his formative years. The commercial way of doing thing stuck in his mind from a very young age. He was working in a business owned by his father. He learned a lot from his father who was also a great entrepreneur. He understood all his customers and would make brilliant decisions on the direction the market would take. It is the lessons he gathered from his father’s business that has made him one of the successful people today- worth over $4 billion. The Forbes ranks him among the richest Arabs in the world. DAMAC Properties is the biggest real estate company in the region and the fourth biggest company in the region overall. Some of the boldest projects that have been completed by DAMAC Properties include DAMAC Hills, Akoya Oxygen.
The success of DAMAC Properties has not been without a challenge. After the 2008 crash, it was one of the hardest hit real estate companies. However, that did not mark the end. It is still one of the popular companies in the region after it bounced back with great momentum. Today, he is happy that his efforts have given birth to a highly successful business that is ranked among the top companies in the region. So far, DAMAC Properties have completed thousands of projects and is working on 44,000 housing units in its next phase of development.
Hussain Sajwani joined the real estate business after he realized that there was a need for accommodation services to be provided to the high number of visitors coming to the region. Dubai is a major business city in the world and attracts an enormous number of visitors every year. He saw an opportunity to establish a real estate company that would offer accommodation, entertainment, and other services to the people. Today. DAMAC Properties have extended its influence to other locations around the world such as the United Kingdom, Qatar, Lebanon, and Jordan. Connect with Sajwani on Instagram today.
Additional reading: http://www.kasralsanam.com/main/articles.aspx?selected_article_no=1895