Sajwani’s Role in the Growth of DAMAC Properties
Roots and Career History of Hussain Sajwani
The chairman of DAMAC properties Hussain Sajwani has had a history in the food industries. Long before the establishment of the DAMAC properties in 2002, the Hussain Sajwani family had taken part in establishing of hotels in Middles East after the collapse of the Soviet Union and the influx of visitors in Dubai. The hotels he built targeted to the business people coming to trade in Dubai. However, despite the increased sales in the hotels, Sajwani identified unexploited, yet a potential market of dealing with engineering, real estate, and construction. The visitors from different parts of the globe were getting interested in owning property in Dubai, and thus the real estate business established in Dubai with international touch would be essential.
History of DAMAC Properties
DAMAC Properties began its operations in 2002 as an opportunity to tap the real estate development which remained untapped. DAMAC Properties is a well-performing firm having made its brand recognizable in the industry through its various roles. The company has about two thousand employees with shares traded in Dubai Financial market. As a public company, it has one of the best financial records through the maintenance of consistent growth over time and being able to withstand economic crisis.
The Milestones of DAMAC Properties
It is among the best luxury properties developers and has so far constructed over 16,800 homes, whereas it has a development range of over 44,000 units in various planning and progress stages. The DAMAC owner, Sajwani has built strong relationships with prominent people like President Trump who has been his business partner. In fact, their relationship has gone beyond business to a cordial relationship such that the families visit each other. The Trump organization manages the Tiger Woods golf course project.
Additionally, through the DAMAC ‘Maison,’ the company provides bespoke services to residents of over 12,000 hotel apartments in the Middle East. Such services have placed DAMAC among the leading hotel apartment operators in the region and area that has high potential for growth as more business people adopt hotel apartments.
To learn more, visit http://www.damac.com/.