Hussein Ali Habib Sajwani established DAMAC Properties Dubai Company in 2002. It develops residential, commercial and leisure properties in the Middle East and Dubai where it is headquartered. Sajwani was in the food service industry years ago supplying meals to the United States Army and the giant corporation Bethel.
He supplied food for the conflicts in Somalia, Bosnia and the Gulf War. Realizing he would only be capable of making millions in the food industry, he transitioned his primary business interests to real estate. He is still in the food industry, but the real estate business generates the bulk of his money.
According to Forbes, Hussein Sajwani’s net worth is approximately $3.7 billion. DAMAC focuses on acquiring property for luxury living, business and leisure, which includes the development of high-end golf courses. In 2013, he and Donald Trump joined forces to develop two golf courses, the Trump International Golf Course, which opened in February of 2017 and the Trump World Golf Course Dubai, scheduled to open at the end of 2018.
To date Donald Trump and Hussein Sajwani still maintain a business relationship. While Trump serves as president his sons and daughter, Ivanka will conduct any transactions with all his business partners including Sajwani.
DAMAC Properties in 2013 owned 28,000 units in various buildings throughout the Middle East. Its hospitality division launched in 2011 provided for 8,000 hotel residents. By 2016 that number exceeded 10,000, making DAMAC Properties the largest hotel operator and developer in the world. DAMAC has continued its real estate expansion to include acquiring property in North Africa, Jordan, Qatar, Lebanon and Saudi Arabia.
DAMAC properties led by Hussein Sajmani has continued to fulfill its potential and now it is helping others reach for better. They recently gave $2 million to the Ramadan initiative begun by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai. It is a campaign to clothe one million poor children around the world. It is believed that the $2 million will help at least 50,000 children.
Hussein Sajwani has built a real estate empire in the Middle East and is its number one developer. The growth of his company is inevitable as it sits poised on the brink of an explosion as the economy continues to grow. Instead of slowly progressing, it’s now showing signs of leaping and Hussein Sajwani’s DAMAC Properties is in the position to take full advantage of that explosive growth.