Hussain Sajwani is the owner and chairman of Dubai-based luxury real estate developer DAMAC Properties Dubai Co, which he founded in 2002. After receiving his undergraduate degree in economics from the recognized University of Washington, DAMAC Owner, Hussain Sajwani started off his profession as a contracts manager at GASCO– a subsidiary of the Abu Dhabi National Oil Company.
He later went on to start his own catering business in 1982. What began as a modest catering division has now grown into a market leader that manages over 200 projects and serves approximately 150,000 meals a day in various markets, comprising the Middle East, The CIS, and Africa.
Other than serving construction campsites, educational institutions, army camps, onshore/ offshore locations and five-star hotels, the division also specializes in providing subordinate services like camp maintenance, management, and human resource supply.
Hussain Sajwani is also among the forerunners of the property market development in the UAE. In the mid-90s, Hussain Sajwani built numerous hotels to accommodate the rising number of people coming to Dubai to trade and do business. It was not until 2002 that he realized the market prospect and established his own company- AMAC properties. Today, DAMAC Properties Dubai Co. is one of the most prominent property development establishments in the Middle East. Hussain Sajwani’s expertise and know-how in the property development industry from administrations, marketing, sales, finance and legal, drives his company’s success.
DAMAC Properties Dubai Co.
DAMAC Properties was founded as leisure, commercial and private residential developer. Since its inception, it has expanded rapidly into Saudi Arabia, Lebanon, North Africa, Jordan, and Qatar. As of May 2017, the Market Capital of DAMAC Properties was valued at $4.7 Billion. It has over 2,000 employees and is publicly listed with shares trading on Dubai’s Financial Market.
The History of DAMAC Properties
On December 2013, DAMAC properties was listed as the first ever real estate company from the Middle East on the London Stock Exchange. This was after it raised $379 million in the form of an IPO through a global depository receipts program. In January 2015, DAMAC properties made it on the Dubai Financial Market- its home market exchange.
DAMAC Properties is headquartered in Dubai, UAE. This company boasts of an enduring passion for quality and design, which has helped it build a reputation for creating some of the most iconic properties in the United Arabs Emirates, Saudi Arabia, Qatar, Oman, Lebanon, and Jordan.
Projects
DAMAC Properties deals with real estate development across the Middle East. It primarily operates in residential luxury property as well as commercial and mixed-use properties. DAMAC offers its clients fully serviced and branded villas and apartments. They also provide co-branding with premium brands Versace Home and FENDI Casa. Since its inception, it has completed more than 20,230 homes. Currently, it has a development portfolio of more than 44,000 units that are in various phases of planning and progress.
DAMAC Properties takes up projects in the most desirable and exclusive locations and build them to the highest quality specification, which has become synonymous with the group. Some of its most iconic projects in Dubai include the Executive Heights and Smart Heights in TECOM, The Crescent and Lago Vista at IMPZ, Lake Terrace at Jumeirah Lake Towers, Park Towers in the DIFC among others.
As a leading player in the industry, DAMAC Properties has formed partnerships with some of the most renowned fashion and lifestyle companies and brands in the world to bring innovative and exciting living ideas to the market. Some of these projects include:
• Tiger Woods conceptualized golf course that will be overseen by the Trump Organization
• Luxury apartments and cottages and villas with outstanding interiors by Fendi
• Luxury apartments with interiors by Italian’s renowned fashion house Versace
DAMAC Properties aims to build uniquely conceptualized resorts and Paramount Hotels that provide opulent and Bugatti-styled cottages that will provide the true face of luxury living.
Hospitality
In 2011, DAMAC Properties Dubai Co. launched its hospitality unit “DAMAC Maison.” This division provides tailored services to tenants in over 13,000 fully serviced hotel rooms and apartments. This division positioned DAMAC among the largest hotel apartment developers and operators in the UAE. The Hospitality division of the company is headed by DAMAC Hotels & Resorts, which operated hotels, hotel apartments, complexes and serviced Villas under the following brands:
• DAMAC Maison Hotels & Resorts
• Paramount Hotels and Resorts
• AYKON hotels and resorts
• DAMAC Maison de Ville Hotels and Resorts
• DAMAC Maison Bay’s Edge
• DAMAC Maison Royale Hotels and Resorts
• DAMAC Maison Royale The Distinction
DAMAC Properties comprises of 7 hospitality developments since 31 December 2016
The extraordinary progress of DAMAC properties can be credited to the entrepreneurial skills and vision of Hussain Sajwani. The DAMAC Owner has been listed among the top 100 most internationally influential Arabs. Sajwani has the proven competence to transfer a small business vision into a corporate reality while providing the necessary leadership needed to maintain growth and continuity.
Hussain Sajwani’s Investments
Other than being a shrewd businessman and investor, Hussain Sajwani has an established track record of efficacy ventures in the global capital markets and equity. The DAMAC Owner holds venture portfolios of securities in various regional and international markets.
Sajwani’s flagship venture company is DICO Investment Co LLC. DICO Investment centers on investments in mergers, private equities, and acquisitions. It holds both majority and minority assets in publicly traded companies and is always looking for value proposals in the local and global investment spheres.
What other sectors of business interests Sajwani?
Sajwani has a keen interest in the realm of trading including:
• AL Amana Building Materials that is based in Oman. This company represents world-famed names like Grohe, Dorn Bracht, and Villeroy to name a few
• AL Anwar Ceramic Tiles Co. This is the first and the only two tile producers in the nation
• AL Jazeera Services. This company has been recorded on the Muscat Securities Market with a market value of over US$ 110 million. Since it was listed back in 1997, it has produced remarkable results in the fluctuating market conditions
Hussain Sajwani serves as a member of a number of boards, including JUNO Online based in New York, Emirates Takaful based in Abu Dhabi and Majan University College in Muscat Oman.
Hussain Sajwani is also a family man and lives in Dubai with his wife and children.
Watch Hussain Sajwani on YouTube: https://www.youtube.com/watch?v=RHFRjd7o4Gs
