Since its founding in 2002, DAMAC Group has grown in leaps and bounds to become a global brand when it comes to developing and managing high-end and glitzy commercial and residential properties. At the heart of the company’s success is the business acumen and excellent management skills of its founder, Hussain Sajwani. Learn more about Hussain Sajwani Family: http://www.forbes.com/sites/kerryadolan/2016/03/01/the-donald-of-dubai-hussain-sajwani-interview/#1b049a722f15
As the chairman of the board of directors and chief executive officer, Mr. Sajwani has overseen unrivalled success at the company, which began operations with a single property in Dubai. Today, DAMAC Group boasts of over 100,000 thousands units of commercial and residential properties in Dubai and overseas.
The employee base of the company runs into thousands while company is considering listing its first overseas initial public offer (IPO) at the London Stock Exchange. This is in addition to the financial markets in Dubai where it has already listed.
Glitz and Glamour Beyond Property Development
Hussain Sajwani has a strong family background in real estate development. The Hussain Sajwani family owned a real estate company where Mr. Sajwani worked briefly and gained valuable experience. Over the years, Hussain Sajwani has transformed the DAMAC Group is a glitzy and glamorous brand in the property markets through catchy, glamorous and aggressive marketing.
The company has gone to the extent of offering expensive, top of the range cars for clients who purchase some of their high-end properties. He also uses his connection with influential individuals in the society as marketing networks. One such individual is current president of the United States, Donald J. Trump. DAMAC Group is currently developing two Donald Trump-branded golf courses with Tiger Woods collaborating with the company in designing process.
Education and Career Background
Hussain Sajwani is a suave businessman with an excellent management track record at DAMAC Group. His ability to effectively manage the company’s finances during financial constrains and market volatilities were first developed at University of Washington. Before founding DAMAC Group, he worked briefly at GASCO before moving on to entrepreneurship.
The DAMAC owner founded a small real estate business, which specialized in developing hotels. He also ran a food catering company, which he has incorporated into DAMAC Group. These early experiences coupled with his time working at his family’s business instilled in him excellent management skills and a philanthropic heart. He donated funds to support needy children globally.