Hussain Sajwani

The founding father and chairman of Damac are Hussain Sajwani. Although the company deals with the high end luxury real estate, it may have derived its origins from an entirely different kind of business. During the operation Desert Storm, Damac provided excellent food service to the U.S Army. This service is a reference to what Mr. Sajwani’s company did in the times of the first Iraqi war, in 1991. Learn more: http://www.hoteliermiddleeast.com/23813-the-rise-and-rise-of-damac/

 

The firm involved itself in these operations of feeding the American military all around the world, from Bosnia and the Gulf even to Somalia. The 57-year-old entrepreneur says Damac would also work for other substantial American companies such as Bechtel.

 

As an integral part of the Damac group, the food business remains to remind it of its initial business ventures and of the expertise and ability of the Damac owner to nurture friendships in high places internationally.

 

The Billionaire hopes to strengthen his relationship with Donald Trump specifically on the real estate front, which involves the Trump Organization. Already with an ongoing collaboration with the Trump International Golf Club, the two tycoons celebrated the Eve of this year together, after realizing around $2b in sales.

 

Through the Ivanka, Eric and Donald Jr., the business can go on as usual between the Hussain Sajwani family and the Trumps without concerning the head of state of America.

 

Damac is a UAE based company that mostly carries out the development of the luxurious property, although still performs food services. Through some daring stunts, the group falls in the limelight, some of which are “a free Bentley for each luxury apartment” and even a very recent one, a fabulous golf course as one of the projects with Donald Trump.

 

Mr. Sajwani is himself a philanthropist, recently supporting through Damac the clothing of deprived children across the globe through an AED two million cheque. Citing the children holding the society’s future, he insists that helping them would give them a head start in life.

 

Damac properties recognize the efforts of the people who strive to help others and are enthusiastic to get involved in any possible way in their support. Learn more: https://www.youtube.com/HussainSajwaniOfficial

 

Hussain Sajwani’s Incredible Career

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.

Follow Hussain Sajwani on Instagram.