The real estate industry is one of the businesses that generate lucrative profits in the whole world, especially in the developed economies. Most prominent businesspeople are venturing into this market to grow their income.
One such entrepreneur is 57 years old, Hussain Sajwani who is a Dubai national. His Linkedin profile gives a brief career history. Sajwani, a graduate of the University of Washington, started his career as a contracts manager in Gasco. In 1982, he became an entrepreneur by starting his catering company where he attracted clients such as the US military and the construction giant Bechtel. In 2002, the Dubai government encouraged foreigners to start investing in real estate through the purchase of properties. Hussain leveraged on this opportunity by starting his real estate company known as Damac Properties where he serves presently as the chairman and chief executive officer.
Damac Property’s website reports to date 8,890 units are complete, and another 19,136 units are at advanced stages. An estimated 5,193 units were complete by the end of 2013. In the same year, Hussain teamed up with Donald Trump to develop two golf courses. The first one, known as Trump World Golf course opened in February 2017. The opening of the latter, designed by Tiger Woods, will be in 2018.
Damac is known to come up with luxurious building perhaps in fulfillment of building a multi-billion company as per the chief executive officer’s wish. The company has employed close to 2,000 employees and has an initial public offering of shares and stock exchange.
Hussain’s life is one of growing from small beginnings and grabbing all opportunities at hand. It also highlights the crucial role that all governments should play in influencing investment to contribute to the growth of the citizens. Hussain Jawani has also been involved in charity through his contribution of 2 million AED to a campaign of clothing deprived children around the world.
Real estate remains space where businesspeople looking towards steady success can venture to add to investment, an increase in employment opportunities and overall growth of the economy. Those seeking to own investments in other countries should take the risk and ensure that they team- up with well- established companies like Damac Properties.
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