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/.
Sam Boraie and his family’s prosperous real estate development company operate out of New Jersey, leading many booming development initiatives in New Brunswick and the surrounding area. Boraie Development has become a pillar of the New Brunswick community and helped with much of the urban development that has brought a flush of life into the community. Boraie Development’s president and patriarch, Sam’s father, created the company with a vision of cleaning up the inner-city’s slums characterized by high levels of crime. The company is now primarily managed by Sam, the family’s spokesperson. To say that the original vision of the company has been a success may be an understatement, with unprecedented prosperity in the area.
While Boraie Development is based in New Brunswick, http://www.nytimes.com/2005/03/06/realestate/at-two-extremes-of-a-housing-market.html, they also work on projects in Newark and Atlantic City that find adoring supporters in the New Jersey community, Sam Boraie has attracted prominent development collaborations. Shaquille O’Neil sought the company’s talents when he decided to bring to Newark his vision of the One Riverview Building, an apartment building the likes of which the community has not constructed in over fifty years, meant to bring more affordable living options in the area. The project promises to attract young millennials that work in New York City but can’t afford the high costs of living near work.
In a report by PR News, another prominent residential project also spearheaded by the visionary is a project in Atlantic City, that aims to rejuvenate the community from of an extended market slump. His efforts go beyond strategically building luxury condos, he has been the brains behind the development of several inner-city building projects. These sorts of developments seek to soothe the aches of sky high rents by providing affordable and quality housing in areas that need relief.
Sam Boraie has established himself as more than the head of a successful real estate company, devoting both his money and energy to his projects and the community. He is on the advisory board and is a major donor for nonprofit Elijah’s Promise, whose proceeds go toward feeding the hungry. Also, a patron of the arts, Sam is on the Board of Trustees for the historical State Theater in New Brunswick. The theater is another feature of the city that received a face lift from the Boraie Company. The venue was made into a vibrant performance arts destination, with more than 5 million people having attending performances there since 1988. Sam Boraie and the works of his company have forever changed the landscape of New Jersey, bringing forth a new age of well-being and security. More info about Sam on his crunchbase page.