Hussain Sajwani is the mastermind behind the growth and the development of DAMAC Properties, a Dubai-based property development company. The self-made billionaire businessman founded the company in 2012. His main objective was to bridge the gap between the increasing demand for high-end property and the few hospitality facilities in the booming city of Dubai.
The DAMAC owner is not new in business. Before he had established DAMAC Properties, he had ventured into the catering business and established a vibrant enterprise under the name Global Logistics Services.
The astute business started the catering and hospitality business as a small food joint in downtown Dubai. Owing to his superior business skills, the eatery grew to become a major player in the catering and hospitality industries. It became the choice supplier of noteworthy clients like Bechtel and the US military.
Through Global Logistics Services, the DAMAC owner supplied meals and camp management services to Bechtel’s construction sites across the Middle East. Additionally, the company is also the sole supplier of catering and campsite management services to the US military across Qatar, Bosnia, Afghanistan, Kuwait, and Saudi Arabia.
The DAMAC CEO arguably the pioneer of the property development in Dubai. Using the proceeds from his catering business, he purchased land in the less developed parts of Dubai. He used his knowledge in economics to project a possible rise in demand.
Following the property boom in Dubai in the late ’90s, the DAMAC owner started engaging in off plan selling of luxury housing units. He used the returns from down payments to commence new construction projects.
Hussain Sajwani utilized his skills in legal affairs, marketing, sales, administration, and finance to propel DAMAC Properties to the peak of the property development industry. Using these skills, Sajwani sold DAMAC’s first building in less than two months. Since then, the company has developed several high-end properties, which have drastically changed Dubai’s landscape.
The DAMC CEO is also an innovative businessman. He has partnered with like-minded business persons and entities to create advanced products for the ever-evolving property market. He has partnered with Tiger Woods to develop the Trump World Golf Course in Dubai. The Trump Foundation manages the project. Other partners include the owner of Versace Home, Fendi Casa. The partnership entails the development of luxury homes.