Hussain Sajwani is a renowned and famous businessman across the world. His popularity began when he started his career. Hussain Sajwani’s first business venture was in the food industry. While in this industry, Hussain was involved in a variety of activities geared towards enhancing his corporate relationships. Mr. Sajwani steered the food industry to an international scale due to his outstanding managerial skills.
In 2002, Sajwani carried out his business survey in Dubai to eradicate the real estate influx. Mr. Sajwani came up with the idea of developing properties in Dubai. He stated that the future of Dubai was in the investment of properties. To actualize his idea, Hussain Sajwani established DAMAC Properties. Damac is a property development company situated in the United Arab Emirates. The company is associated with attractive market stunts and the establishment of Trump-branded golf fields.
The Damac owner, Hussain, began his association with the Trump during his service in the food industry. During the first war in Iraq, Hussain facilitated the provision of food service to the United States army who were carrying out operations in Desert Storm. Since then, Hussain Sajwani enjoys the pride of serving the Americans including President Trump. Trump and Sajwani’s partnership has extended to the Hussain Sajwani family.
Under Hussain Sajwani’s leadership, DAMAC Properties is designed to take advantage of the price recovery of properties in UAE. This factor will provide a conducive environment for the apartment buyers in UAE. Usually, the buyers of apartments are non-Emiratis. According to Sajwani, the shift in the prices will provide a comfortable residential environment for the Dubai visitors as well as the locals. In future, DAMAC will possess shares in the IPO venues of the London Stock Exchange.
DAMAC Property has its basic guiding principles. First, the company holds no debts regarding land. Immediately land is purchased, the company pays the seller the whole amount. Additionally, the company experiences growth by the escrow principle. Each escrow account of DAMAC is independent. This implies that each development supports itself. Damac Properties retains its cash reserves. The company also maintains a fixed deposit amount and percentage. Hussain takes fixed government bonds to support the building schedule in case the market experiences a shift.
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