Husain Sajwani is a 64-year-old real estate tycoon based in Dubai in the United Arab Emirates. The University Washington Bachelor of Arts and Science graduate is the founder and Chairman of DAMAC group of companies. DAMAC is a global property development company which deals with real estate development. Its headquarters are in Dubai. The company takes pride as the leading provider of luxury real estates in the Arab Emirates since 2002.
To achieve what he has today, Damac owner rose from humble beginnings as a contracts manager in GASCO as an employee. GASCO is a subsidiary company of Abu Dhabi national oil company. After his short service in this firm, he quit and started his business.
He later moved to Dubai after the country’s government allowed foreigners to own property in the United Arab Emirates. Husain is a citizen of United Arab Emirates and lives there together with his wife and four children. According to Forbes latest release, his estimated net worth is $4.4 Billion. The Hussain Sajwani family business has expanded its scope of business to include subsidiary companies such as DAMAC hotels and resort credited for providing a state of the art spa services not only in the Arab world but worldwide. The company offers first class a service from it’s over 2000 highly qualified staff. A remarkable achievement is when the company managed to list on the London stock exchange. It did not only take pride in being the pioneer of the Arab world to trade in this market but the fact that this venture raised $380 through a global depository receipts program in the form of an IPO.
DAMAC properties have completed numerous residential and commercial award-winning projects in Dubai, Abu Dhabi, Qatar, and Saudi Arabia among others. Among its other reputable achievements is the DAMAC hills golf community. The construction is an ultra modern golf community development situated in Dubai land. It stands on a 42 million square foot and comprises mansions, villas, and apartments. There are also many leisure retail facilities located within. This facility was recognized as one of its kind at the international property awards held in London late 2016.
For more information, visit http://hussainsajwani.com/.