DAMAC Properties Stand Out – Even In Glittering Dubai

When Hussain Sajwani founded DAMAC Properties Dubai in 2002, Dubai was just beginning its real estate boom and, even amid the city’s glittering skyline, DAMAC’s properties stood out as exceptionally high quality properties for discerning individuals from around the world. The slump of 2008 didn’t devastate Sajwani, an astute executive who positioned himself to ride out the downturn by cutting costs and preserving cash reserves. DAMAC Properties Dubai invests in and develops luxury properties throughout the Middle East, including North Africa, Jordan, Lebanon, Qatar and Saudi Arabia.

 

DAMAC Hills, DAMAC Properties’ newest lifestyle community, will feature a Trump International Golf Club in the center of the prestigious development, where villas will boast panoramic views of the greens. During Donald Trump’s New Year’s Eve speech at his Mar-a-Lago resort in Florida, Hussain Sajwani and his family was there. While President Trump had to divest himself from his business holdings, Sajwani indicated to NBC News that he would continue his business relationship with the Trump Organization and Ivanka, Eric and Donald Trump Jr.

 

While serving as DAMAC Properties’ chairman of the Board of Directors, Sajwani also serves as Damac Real Estate Development Ltd.’s CEO and chairman of DAMAC Invest and DAMAC Holding, which are all part of the DAMAC Group. Hussain Sajwani is also associated with a number of other companies, including Al Anwar Ceramic Tiles, Al Jazeira Services, Global Logistics Services and Draieh Management Services. In early 2017, Hussain Sajwani, in his role as chair of Al Anwar Ceramics in Oman, was awarded His Majesty’s Cup for quality and productiveness in manufacturing ceramic tiles for a range of industries.

 

A philanthropist as well, Hussain Sajwani recently donated AED two million to an initiative started by His Highness Sheikh Mohammed provide clothing to children in need. Sajwani’s generous donation will provide clothing for 50,000 children.

Learn more:

https://www.crunchbase.com/person/hussain-sajwani#/entity