The Business Ventures of Hussain Sajwani

Hussain Sajwani is the founder and the ceo of DAMAC Properties, a leading private real estate development company based in Dubai. Mr. Sajwani holds a bachelor of arts in Economics from the University of Washington. After his graduation, he was employed as a contract manager by GASCO, a subsidiary of the Adu Dhabi National Oil Company (ADNOC). In his employment agreement, he was supposed to work for two years and then GASCO would fund his MBA. Sajwani did not wait for that. He launched Draieh Management Services Co LLC (DAMAC) as a hotel and catering company in 1982.

 

Hussain Sajwani was keen in expanding his business. He saw the potential in the region as a result of increased number of visitors in the Emirates. He took advantage of the growing number of visitors in the area and established several hotels in the 1990s. The presence of the US military in Iraq in the 1990s also played a significant role in facilitating Mr. Hussain Sajwani to expand his catering business. He acquired tenders from the US government of supplying the army personnel with food. Since he ventured into the catering business, Mr. Sajwani has continued to strengthen his market share in the hotel industry both in the Middle East and beyond. His catering company serves over 150,000 meals every day in various markets in UAE, Africa, and Asia. Today, a number of learning institutions, construction sites, army camp and hotels in the Middle East depend on his services.

Apart from hotel business, Hussain Sajwani is also a well-established real estate developer. He is recognized as one of the private property developers in Dubai. He began by building hotels in Dubai in the mid-1990, but as demand for commercial and residential properties increased, he decided to venture in property development. In 2002, he established DAMAC Properties, which has now become a leading property development company in UAE. The company owns various prestigious properties in big cities like Dubai, Riyadh, Beirut, Jeddah, Abu Dhabi among others.

 

DAMAC Properties is committed to providing top quality properties. The company has collaborated with various prestigious brands like Tiger Woods Design, Bugatti, Versace, Fendi and Paramount Hotels & Resorts in developing stylish and luxurious properties in Dubai.

 

Apart from doing business, Hussain Sajwani engages in charitable works. Through DAMAC Properties, he supports various organization and campaigns that seek to improve people’s lives. Some of these organizations and campaigns include; UAE Red Crescent, UAE Compassion campaign, Tarahamu campaign, the Ramadhan initiative among many others.

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