Mr. Hussain Sajwani is the brainchild behind famous Dubai based property development company DAMAC. Born in 1952, Mr. Hussain obtained a scholarship to the US and graduated from Washington University with a degree in industrial engineering and Economics. He believes that his formative years played a significant role in shaping his success today. He made his debut in business at Abu Dhabi Gas industries. He later delved into catering, engaging clients like the US military and Betchel before establishing DAMAC properties in 2002. Currently, Mr. Hussain ’s estimated Net worth is $3.1 billion.
Since its birth, DAMAC properties has continued to scale great heights in the property market. It is the fourth biggest Arab company. The company has developed over 19000 apartments and earned rights to play in the Dubai Financial market in 2015. DAMAC properties boast of developing among other magnificent works; the golf course designed by Tiger Woods and Managed by the Trump Organization. Paramount Hotel does not forget co-branding partnerships with Versace and Bugatti.
DAMAC group, the umbrella to DAMAC properties recently revisited one of Mr. Hussain’s initial food ventures in the food business with in their consideration of an IPO. The Chairman established a good relationship with customers and colleagues during his early business years and has reaped from them. This relationship allowed them to land the deal to develop Trump organization’s the golf course designed by Tiger Woods. He says his relationship with the president is very professional and his main business is ensuring perfect service delivery.
Mr. Hussain, the DAMAC owner believes in quality and service delivery, “the customer should go home happy” it has been his secret through the years, a strategy which has proven valuable in maintaining market credibility. His next plan involves looking for market overseas especially in Europe to expand this business empire. His ultimate dream is to build DAMAC towers in cities all over the world. He also sponsors Dubai Future Foundation’s One Million Arab coders’ initiative as his legacy.
Sixteen years later. Mr. Hussain has successfully steered his business empire to greatness and visualizes bigger things for this family business. Their site is damacproperties.com.
The rise of DAMAC: http://www.hoteliermiddleeast.com/23813-the-rise-and-rise-of-damac/