Hussain Sajwani is a prominent real estate developer and philanthropist. According to an excerpt published on Albawaba.com, Sajwani is the founder and Chairman of the largest private luxury real estate company, DAMAC Properties. The company was established in 2002 and is part of the larger DAMAC Holdings.
Most of the residential, leisure and commercial properties owned by the company are located in Dubai and the Middle East. In recent years, the company has expanded its operations to include North Africa, Qatar, Lebanon and Saudi Arabia. Since its inception, the company has completed over 8,800 units spanning over 9 million sq-ft throughout the Middle East with another 19100 units coming into the stream in the last few years.
Sajwani is a close business associate of President Donald Trump, their relationship date back many years. According to an article on NBC news published on January 10 2017, the billionaire deal estate developer from Dubai is hoping his relationship with Trump’s real estate firm, the Trump Organization will continue to blossom. Read more: Hussain Sajwani | Forbes
The partnership between the two real estate moguls has already seen the establishment of the Trump International Golf Club, whose luxury villas have made about $2 billion in sales. The special bond, according to Sajwani extends beyond Trump, as it includes his sons, Eric and Donald Jr. and daughter Ivanka. Following accusations of conflict of interest, President Donald Trump has reiterated that he will not take up new business deals while in office.
According to his LinkedIn profile, Sajwani is a graduate of the University of Washington. He started his business career as a Contract Manager at Gasco, which is a unit of the Abu Dhabi National Oil Company. In 1982, he established his own private catering firm. Sajwani entered the lucrative Dubai real estate market in the mid 90’s and began building several high end hotels targeting business travelers coming into the emirates.
Today, his company DAMAC employs close to 2000 employees and is publicly listed on the Dubai Financial Market. On philanthropy, most of Sajwani charitable giving is targeted at needy children throughout the world. His net worth is estimated at $3.6 billion by Forbes.
Learn more about Hussain Sajwani: https://www.crunchbase.com/person/hussain-sajwani#/entity