Hussain Sajwani worked very hard and for long hours for his father when he was a teenager. The family business was a variety store and Hussain swore to his father that he would never grow up to be in business for himself because the hours were too long. He said that he would rather get a degree and be a professional where the hours would be more normal.
Sajwani did wind up getting an engineering degree and worked as an engineer for a short time for an oil company in Dubai. However, when he started a catering company that served food to the US Army during the Gulf Wars, any illusion of working for someone else diminished greatly. The catering company did very well and is still doing business to this date.
In 2002, Sajwani formed DAMAC Properties, a real estate development company when it was announced that the UAE was relaxing immigration restrictions on foreign nationals immigrating to the country. DAMAC was about to become the real future for the Hussain Sajwani family as the DAMAC owner began to build very attractive, luxury apartment properties.
Sajwani became a very astute marketer and promoter, as his first project actually sold completely out before the construction had even begun. The DAMAC name was soon everywhere as people came to expect quality apartments fe fitting their needs. Sajwani has so far built over 19,000 apartments with another 44,000 still in various stages of construction.
Sajwani has partnered with Donald Trump in several joint ventures to build the Trump brand of golf courses at various resorts and luxury apartments. Of course, all of this was accomplished prior to the US Presidential election. Buyers have come to trust DAMAC for the very best in luxury properties and accommodations.
Sajwani uses very conservative business practices by operating very shrewdly. He always pays cash for his land purchases. He does not even finance much of anything beyond that either, only putting around 10 or 20 percent under financing at most. Consequently, Sajwani and DAMAC have cemented their place in the history by putting together a fabulous real estate legacy.
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