The Damac owner
Hussain Sajwani is an established business person. He is a real estate agent, a United Arab Emirates National, and founder of a global property development company known as Damac Properties. He is a graduate of Washington University. He began his career as a Contract Manager for a gas company that is a subsidiary of Abu Dhabi National Oil. He later ventured into catering in 1982.
Food business has not ceased and is still part of Damac Properties operations. Mr. Hussain purchased an underdeveloped land after the Dubai government allowed foreigners to own property in the Emirates. He managed to sell units in his first residential building before construction within a period of 6 months.
Hussain built several hotels in the mid-90s after identifying an opportunity of growth in visitors of investment and trade in the country. Mr. Hussain realize a tremendous potential in the property industry.
He seized it in 2002 when there was a real estate boom and founded Damac Properties. It has a track record in property developments across Dubai, the Middle East region, and the entire United Arab Emirates.
It has created more than 16,800 homes and has plans underway of over 44, 000 units. It is a real estate firm and a public company that has shares listed and traded in the Dubai Capital market and stock exchange. It is considering an Initial Public Offering (IPO) in the London Stock Exchange.
Hussain Eswaran owns a portfolio of stocks and securities in the equity and capital markets across the globe. He has extensive knowledge of property sale and marketing, legal, finance, and administration that help him to thrust his projects ahead. Damac Properties is involved in residential, leisure, and commercial properties development.
Hussain Sajwani family has close ties with President Donald Trump. They attended his inauguration. President Trump recognized them as his friends and business partners. Mr. Hussain partnered with President Trump long before his presidency.
They developed two Trump-branded golf courses. The presidency of Trump means less involvement in the projects. The projects can still continue under the leadership of Trump’s sons. Damac Properties runs social corporate responsibility program. It has given money to reach out to the deprived children around the world.
Learn more about DAMAC owner: https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board