About Hussain Sajwani
Hussain Sajwani is the DAMAC Owner as well as the chair and chief executive officer of DAMAC Properties. The DAMAC Owner is a graduate of the University of Washington with a Bachelor of Arts/Science. Hussain Sajwani began his career in a position of contracts manager in GASCO, which was in oil and gas industry. The DAMAC Owner then set up his own business in the catering industry in 1982. His business provided food services to U.S Military as well as Bechtel, which is a giant construction firm. He then shifted his career to real estate developer in 2001 once Dubai accepted ownership of properties by foreigners. Hussain Sajwani is also a passionate philanthropist. In 2013 during the Ramadan initiative he donated AED two million for a purpose of clothing over one million children around the world.
Hussain Sajwani established DAMAC in the year 2002 after realizing a market opportunity for land development in Dubai. The DAMAC Owner was also a pioneer for growth and expansion of Dubai in 1990’s. He built many hotels solved the accommodation challenges for business visitors and traders in Dubai. Hussain Sajwani is an expert in marketing and has led DAMAC to handle various projects around the globe in cities such as Dubai, Doha, London, Jeddah and Abu Dhabi among others.
History and Services of DAMAC Group
Hussain Sajwani founded the company in 2002. Its headquarters are in Dubai. DAMAC is a public company and its stocks trade on Dubai Financial Market as well as London Stock Exchange. The DAMAC Owner launched the firm to solve housing crisis as well develop luxury apartments in Dubai and around the globe. Under the leadership of Hussain Sajwani, the firm has developed over 20,230 homes and has a portfolio of more than 44,000 units, which are at various stages of development. DICO Investments is one of the firms under the group. DICO carries all investment initiatives of DAMAC. Its main focus is private equity investment as well as acquisitions and mergers. DAMAC Group also invests hospitality sector. DAMAC Hotels and Resorts, which is a subsidiary of DAMAC, provide top-notch services in hotel and restaurant DAMAC apartments.