Hussain Sajwani: DAMAC Owner Development Projects

Hussain Sajwani, the DAMAC Owner and chairman is a well-known individual in the business world especially because of his ability to build strong relationships with senior people internationally.

As he describes the history of DAMAC Properties, Hussain Sajwani says that it emerged in the year 2002 and took off in the mid-market. It was at this time that the DAMAC owner decided to venture into the real estate and property world.

At the same time, Hussain had developed some mid-market kind of hotel in Deira. Upon establishment, DAMAC did put up a number of developments and marketed them so vigorously in the market until it hit the business model and became key in business.

Though a crash came later in 2008, Hussain was already alert about it and they emerged out of it eventually. Read more: Hussain Sajwani | Twitter and Hussain Sajwani | Forbes

One of the development strategy used by the DAMAC owner and the other team members is the fact that they retain some cash reserves in the governed bonds or the fixed deposits that is sufficient for supporting the construction schedule in the market.

After the recovery, Hussain Sajwani has fully embarked on an expansion of the firm in various ways.

One of the most outstanding steps is the hope to do many more deals with President Trump. He has had a business relationship with Trump for a long time and hopes that they will do more deals in the real estate world.

Both the DAMAC Properties and the Trump Organization are big real estate companies. They have partnered in bringing up the Trump International Golf Club that costs $2 billion in the sales market.

Hussain confirmed that Trump’s three children are involved in the deal and committed toward the expansion and growth of the business while maintaining the business relationships.

He added that their wives are friends as well which strengthens their relationship in support of the business growth.

Hussain Sajwani, DAMAC properties owner, handed over quite significant money in aid to help the needy children dress well through a campaign.

The cheque was handed over entailing AED 2 million in response to clothing the less privileged children.

Learn more about Hussain Sajwani:

https://www.zawya.com/mena/en/company/DAMAC_Properties_Dubai_Co_PJSC-1003015/ and http://www.thenational.ae/business/industry-insights/property/damac-chairman-relishes-his-roots

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