How DAMAC Owner Hussain Sajwani’s Keen Interest On Emerging Opportunities Lead To The Establishment Of DAMAC Properties

DAMAC Properties is usually associated with eye-catching ads, luxurious property developments, and golf course projects in the UAE. Behind DAMAC’s success is Hussain Sajwani, an ambitious entrepreneur and an investor from Dubai. Besides being the founder of the successful property development company, Sajwani also serves as the chair of its board.

Sajwani’s Success Story

According to Roayah News, Hussain Sajwani believes that a city is defined by plaque markings that signify its origins. Before DAMAC Properties was instituted, Sajwani pursued other ventures outside the real estate business. He owned a catering company whose primary clients were the US armed forces. The company is recognized for availing food stuff for the armed forces in 1991 amidst the first Iraqi war.

In 2002, investors and entrepreneurs like Sajwani got relief when the Dubai government decided to permit foreigners to invest in the UAE state. The Hussain Sajwani family also owns several high-end properties in Dubai. DAMAC Properties came into reality after Sajwani decided to utilize the lucrative opportunity that emerged in the Dubai’s real estate sector. Besides his family’s assets in the UAE state, he also owned hotels in Diera.

Today, Sajwani’s food business is a subsidiary of DAMAC Group. The DAMAC owner decided to integrate the business with his property development company to remind him of his past entrepreneurial journey. He borrows most of the business models and strategies he used in the past to increase DAMAC’s profits.

The Future of DAMAC Properties

It is safe to say that DAMAC is gaining from Sajwani’s entrepreneurship and investing expertise. This is because the firm is gearing up for its first initial public offering of shares to be traded on the London Stock Exchange. Based on his thoughts on the upcoming IPO, Sajwani said that his firm is ready to utilize all the available options depending on the advice it gets from banks.

As DAMAC’s board chairperson, Sajwani ensures that the firm’s business model encompasses three principles. First, DAMAC’s developments are undertaken on land that has been fully bought. Second, each development has its account. Third, cash reserves are retained in government bonds or fixed deposits for the firm to continue with construction projects in case of market turns.

Discover more: http://www.akhbarak.net/

Hussain Sajwani enhances his business relationship with Trump

Hussain Sajwani is an Emirati billionaire and the founder of DAMAC Properties a company that majors in property development and real estate. Hussain benefited from a government scholarship and studied in the U.S at the University of Washington where he achieved his degree in economics.

Abu Dhabi Gas Industries hired him in 1981, and that was the start of his career path. He later established his organization that dealt with catering services. Then the company was rebranded to Global Logistics Services. The company mostly served the U.S military across the world.

Hussain Sajwani founded DAMAC Properties which is now one of the fastest growing global companies as it was ranked by Forbes. The organization is associated with the eye-catching and spectacular properties in UAE.

In 2002, Hussain had a vision, and he knew that property investment was the future growth of Dubai. In 2008, Dubai experienced what looked like property bubble, the property regulator also introduced strict laws and rising prices in land sales, however, under the leadership and watch of Hussain Sajwani his company was able to manure through the crisis and emerged strong.

The company continues to thrive developing the most beautiful and breathtaking properties. The billionaire also has a close business relationship with the U.S president Trump and hopes to enhance and boost his investments mainly in the U.S. DAMAC Properties has also worked by famous investors such as Versace and Fendi.

The two prominent figures celebrated the New Year’s Eve together, and that is an indicator that both have a close relationship away from the business. DAMAC Properties and Trump’s organization that also deals with real estate development worked hand in hand to develop Trumps International Golf Club which contains a number of luxury villas. However, Trump said he won’t take any business deals as he is still in office to avoid being accused of conflict of interest.

Hussain Sajwani is known to be a kind man and a philanthropist. He has supported various charitable events and projects across Asia. He donated AED 2 million to an initiative that is meant to support the disadvantaged children. The project was initiated and launched by the Dubai Ruler.

Sajwani and how he started DAMAC Properties: http://www.thenational.ae/business/industry-insights/property/damac-chairman-relishes-his-roots

Hussain Sajwani Establishes Strong Entrepreneurial Relations for the Growth of DAMAC Properties

Without a doubt, networking is an essential personal skill in business. Most fundamentally, it is extremely crucial for the growth of entrepreneurs. Alongside communication and a brand’s strong presence in the market, these approaches will always help an entrepreneur along the way of the brand establishment. If there is an individual who has utilized the power of networking in business it must be Hussain Sajwani, a famous billionaire dealing with the real estate market in Dubai. Even though he seems successful as at now, it is clear that he spent a lot of time strategizing and creating ideas that would, later on, impress his customer base. As such, the real estate mogul has managed to garner more than 10,000 clients in his company. How he got to where he still remains the major question asked by most entrepreneurs in the same business. To answer some of those questions, let us look at his early life and final investment into real estate.

Early Life and Experiences

Sajwani was raised in a small town in the Middle East. Within the town, his father ran a shop where he dispensed shirts, pencils and other items that most men found useful in their day-to-day lives. While at it, he worked with his father and invested a lot of time in understanding the business with the vision of inheriting it eventually. However, he was not interested in taking over his father’s business as he had other dreams to pursue in different industries.

Joining School

Like any other teenager growing up, it was time to join the college for higher learning. The DAMAC owner decided to enroll for medicine, a course he deferred within a few months of studying. Even so, that was not the end of his career. Being determined to become an inspirational figure to his peers, the DAMAC owner went to America and was among the first students to earn government education scholarship for engineering and economics.

The Observation

Sajwani was too ambitious to the point of quitting his first job at GASCO to start a food catering. While there were risks involved in his resignation, he made sure that his research team established the viability of the catering business. That way, he was safe from any impending loss in future. As usual, his brilliance contributed to the development of the business as within a year, he was able to start DAMAC Properties, a commercial real estate business that focused on the development of residential and commercial property within Dubai. Over the years, Sajwani the DAMAC owner has grown DAMAC Properties into a successful real estate business that incorporates international projects like the Donald Trump Gold Courses designed by the prominent gold player, Tiger Woods.

Hussain Sajwani Social Accounts:
Twitter
Instagram

What do You Gain by Working in Co-working Spaces?

 

Co-working spaces are ideal for entrepreneurs and even startup companies. They come with a flexibility that allows you to maintain any size of workforce. Here are a number of reasons why co-working are a superior choice to telecommuting and working from traditional office setting.

 

Flexibility

If you are looking for flexibility, then you should consider working from co-working spaces. Co-working spaces are open 24 hours of every day. Therefore, you can work odd hours, on weekends and even during holidays. Here, your productivity does not have to be limited by doors.

 

Personal and Professional Growth

Co-working spaces allow you to meet new people and learn new things. This is important for personal growth. Also, they enhance professional growth through networking. If you are looking for a job, you have better chances of being hired by working in shared working spaces. Also, you get better chances of being employed at companies that will enhance your career growth. If you are a business, co-working spaces are ideal for growing sales. Here, you get introductions to potential clients. Your clientele is able to grow quickly than it would when working from home.

 

Life Balance

Every successful individual has to have a life balance. You must be able to balance between your work and personal life. Otherwise, you might not thrive in any. Working from co-working spaces, allows you to work when you should be working, without the disruptions of family or friends or the urge to relax or attend to chores.

 

Reduced Costs

Most businesses fail to grow for they make a lot of money but most of it goes into covering expenses. This is what traditional settings does to you. You have to cove utility bills for you to continue working efficiently. However, in co-working spaces, these bills are covered by the provider.

 

Workville NYC is a reputable provider for co-working spaces. Their co-working spaces are uniquely designed to offer you comfort and convenience. That is why you will find the spaces locaeted near all major transportation hubs, in Bryant Park and Union Square. If you need to rent, you can visit them at the 21st floor of the Luxury Building.

Hotel Industry Satisfaction

Terry Baltes Real Estate

Based on research by J.D. Power 2016 North America Hotel Guest Satisfaction Index Study, the hotel industry has reached the ultimate customer satisfaction level. The guests can now access amenities that were once considered exclusive like Wi-Fi, executive bedding, and even complimentary breakfasts.

To come up with the results, the study, which is now in its 20th year, examines general satisfaction in the following hotel sections in which hotels ranked as follows:
• Upper upscale-Omni Hotels& Resorts
• Upscale-Hilton Garden Inn
• Upper midscale-Drury Hotels
• Midscale-Wingate
• Economy/budget-Microtel Inn & Suites
• Upper extended stay-Hyatt House
• Extended stay-Homes2 Suites by Hilton
• Luxury-The Ritz-Carlton

In the above segments, a close examination is done on reservations, guestrooms, check-in/check-out, cost and fees, hotel services, hotel facilities, and beverages. It is notable that hotel satisfaction has been on the increase for four consecutive years now; however, the increase in percentage is much lower as compared to the preceding years.

According to Rick Garlic, a leader at J.D Power, customers appreciate the exceptional services that they get, but once they become too comfortable, they demand something different. Therefore, the hotel owners have to think of an active routine to appease the clients.

Even though most segments are now constant, the luxury segment has improved, and it is giving the customers the extra value that they want. The study also shows that satisfaction is higher among hotel rewards program members as opposed to non-members. Notably, the older guests register the highest percentage of members as compared to the younger lot.

The main findings of the research are:
1. Only 3% of the clients utilize the online bookings, but they still get the highest satisfaction.
2. The guests are most pleased with the free Wi-Fi, parking, and breakfast.
3. The posts on social media show that most of the clients are satisfied with the services that they are receiving in the hotels.

When it comes to real estate listings, Terry Baltes is a household name. Baltes is an expert in property matters, and he has sold many assets.

Baltes founded the Baltes Commercial Realty, Ltd, a company that sells property. He is a graduate of The Ohio State University with a triple Bachelor of Science Degree in Real Estate, Marketing, and Finance.