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

Hussain Sajwani Makes His Way To Billionaire Status

In 2017, Hussain Sajwani was named as one of the ten richest people in the oil and gas-rich region of the United Arab Emirates with a personal fortune rated at more than $9 billion. Just how Hussain Sajwani became so rich and powerful in the UAE is the story of a man who seized each and every opportunity to build a successful business in many different industrial sectors which remain at the heart of the empire built by the Sajwani family.

 

Hussain Sajwani arrived in the UAE in the 1980s after completing his education at the University of Washington in the U.S. where he studied engineering and economics. The financial expertize of Hussain Sajwani led to him returning to the Middle East and the UAE to work with the Abu Dhabi Oil and Gas Corporation in the financial department; after only a few short years, Hussain Sajwani identified a gap in the market for food services for the thousands of workers making their way across the oil-rich regions of the Middle East.

 

Over the course of his career as a food service specialist, the brand created by the DAMAC owner has expanded to include many different areas of expertize for his food services brand which has grown to include services provided to military groups. One of the awards Hussain Sajwani is proudest of is the one received from the U.S. Military in honor of the impressive work completed by Hussain Sajwani’s food services company across the 1990s and early 21st-century. Learn more: http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566

 

It was in 2002, Hussain Sajwani made the business decision which would result in his fortune reaching billionaire status as he entered the luxury real estate market with an initial investment in the Dubai region. Proving himself to be a high-quality salesperson, Hussain Sajwani set out to lead the DAMAC Properties group he formed to success and sold the initial 34-story building in all prior to construction beginning on the project; the brand has continued to find success across many different parts of Dubai and recently began constructing golf course style resorts.

Malcolm Casselle Leads the Operations of Worldwide Asset eXchange

Worldwide Asset eXchange (WAX) is a decentralized podium. It minimizes transaction expenses and has created an opening for assets transfer. The platform fractionalizes participants’ profits from centralized exchanges. It also possesses power for tokenization of assets.

Virtual Asset Bond and WAX Token Protection

In Tokenizing assets, it faces a challenge in deciding how to ascertain tokens and physical assets connection on the blockchain. WAX has an oversight regulatory supervision authority. The strategy involves monitoring of virtual asset exchange via ca group tasked to transfer the assets.

The team accountable for virtual development consists of transfer managers, unions, estimate systems, and representatives of the stake consent algorithm. If a single arm declines to perform its responsibilities, the whole system results will be affected. The economic response system enables joining of WAX tokens and virtual assets.

Fractionalization of Tangible Items

Fractionalization improves accountability and safety of physical items. Through decentralization, every division can concentrate on its fundamental responsibilities. Transfer agents will provide purely delivery services while guilds will focus on regulatory supervision. Application of RFID and IoT expertise to identify assets location in actual time will ease associates, and transfer agents work. It assures WAX tokens connection to the correct proprietors.

WAX Token Connection with Physical Assets

Guilds offer asset authentication and product value. No transactions authorized for sellers unless they update the on- chain WAX token, a platform that keeps all transaction records. Merging physical assets into WAX tokens enhances security. Minimizing hackers in the platform is done through regular system updates to the WAX blockchain.

Worldwide Asset eXchange implements an ecosystem approach. The strategy focuses on introducing physical assets into the platform. They plan to launch a workable plan where blockchain WAX tokens are connected to tangible items.

About Malcolm CasSelle

Malcolm CasSelle, a global entrepreneur, and chief technology officer has invested in Facebook, Bitcoin, and Zynga companies. He has built a career through serving in several institutions under different capacities. Malcolm is a graduate in degree and masters in computer science from MIT and Stanford University respectively. CasSelle works as the Worldwide Asset eXchange president. He invested in cryptocurrency, the blockchain, and bitcoin.

Hussain Sajwani Committed to the Cause of Solving Housing Problems in the Middle East Region

Hussain Sajwani is a world-renowned real estate developer and serves as the Chairman and CEO of DAMAC Properties. DAMAC Properties was founded by Mr. Sajwani in 2002 with the main objective creating more luxury homes and helping solve the housing crisis in Dubai and the Middle East region. Since its formation, DAMAC Properties has made tremendous achievement in the real estate sector and has grown to be the leading real estate agency in the whole of the Middle East region. Among the achievements that the firm has been able to accomplish within a short period include being listed in the London Stock Exchange LSE in 2013 just a year after its inception and also getting listed on the Dubai Financial Markets on January 2015 (http://www.arabianbusiness.com/the-world-richest-arabs-2014-574217.html?view=profile&itemid=574179#.WHgeI2QrIUs). Besides, the firm’s mega residential and commercial projects in countries such as Qatar, Saudi Arabia, Abu Dhabi and Dubai have won several awards in the real estate industry. One notable project is the DAMAC Hills projected which is located in Dubailand has turned out to be one of the best golf community developments globally.

Hussain Sajwani DAMAC owner has the passion and the drive to see that the company’s clients become successful homeowners. DAMAC Properties has not only invested in the real estate sector but also in the hospitality industry. The company owns several luxury hotels and restaurants across the Middle East region. The hotels, restaurants, and luxury apartments are under different brands such as the AYKON Hotels and Resort and the DAMAC Maison Royale Hotels and Resorts among others. DAMAC hospitality business dates back many years ago when the company was contracted by the US army to provide food catering services during the Desert Storm operation. The company performed extremely well and was awarded other catering contracts in the Gulf, Bosnia, and Somalia.

Hussain Sajwani has partnered with iconic world figures such as the United States President Donald Trump in the real estate business. DAMAC Properties partnered with the Trump organization to develop the Trump International Golf Club. Hussain Sajwani has continued to partner with other members of the Trump family including his children Donald Jr. and Eric. To show his friendship during the New Years Eve Party, President Trump invited and acknowledged the Hussain Sajwani family. Learn more: http://www.thenational.ae/business/industry-insights/property/damac-chairman-relishes-his-roots