Hussain Sajwani is the founder of the DAMAC real estate company. He founded the company, located in Dubai in 2002. Sajwani is married with four children. Hussain Sajwani is sixty-four years old. Before establishing DAMAC, Hussain Sajwani was in the catering business where he had clients such as Betchel of the construction sector and the US military. Hussain still owns a food service firm. Hussain Sajwani has grown to become a very successful man who is featured on the Forbes billionaires list in 2017.
DAMAC began after Hussain saw potential after selling a decent number of units in his first 38-story building even though the construction was not complete. The construction of this building was initiated after the government of Dubai allowed foreigners to own land in the region. Since then, Hussain Sajwani has greatly contributed to the fascination of Dubai as a travel destination to many citizens of the world.
Damac has grown tremendously over the past few years. It is associated with other notable real-estate professionals such as Donald Trump who is the current president of the United States of America. Donald Trump with Hussain teamed up to develop the Trump-branded golf courses at the onset of 2013. Hussain Sajwani family has maintained both a friendly and a business relationship with that of Donald Trump.
As a developing company, Damac has faced a myriad of challenges most notably one in July 2008 where sales dropped drastically. Hussain being a tactician came up with ways to deal with the crisis. The Damac owner cut down operational costs, scrapped off some ongoing projects and introduced strict controls on buyer related irregularities.
DAMAC invests in engineering, construction, and architecture. This has led to its involvement with companies such as the Drake and Scull International which provides engineering services such as plumbing, air conditioning, sanitation, and gas supply among others. The Trump Organization Inc. provides real estate development services. DAMAC also works in close collaboration with LVMH Moet Hennessy Louis Vuitton in the provision of luxury goods and services.
To learn more visit http://hussainsajwani.com/.