Hussain Sajwani is an investor, the chairman and the CEO of the luxurious DAMACs Properties. He started the firm in 1976. He started in the food and catering services where he provided those services for the U.S Military. In 2001, the United Arab Emirate’s government allowed foreigners to own property. As a result, Sajwani shifted to real estate where he sold many residential units in less than six months.
Hussain Ali Sajwani is popularly known for the marketing trends and the free Lamborghinis he offers to apartment buyers. Additionally, he has co-branded with famous clothesline brand known as Versace. He also indicates that he holds some shares in the Bugatti car brand. In 2017, he was named top 100 most influential individuals in the United Arab Emirates. According to Forbes, he is currently valued at $2.9 Billion.
DAMAC Properties LLC
As earlier indicated, the firm was founded in 1976 by Ali Hussain Sajwani. This is a residential, commercial, and luxury properties development firm. The firm has completed a significant number of transaction and property development within the United Arab Emirates as well as other parts of the world. DAMAC is popularly known for the development of luxurious and expensive projects. Since establishment, the property development firm has managed to deliver more than 20,000 luxury properties and homes as well as 44,000 apartment units.
DAMAC properties incorporate more than 2000 employees who ensure that the objectives of the firms are met. Moreover, the firm contributes to the growth and development of the economy of the United Arab Emirates by attracting investors. For instance, during the 90s, DAMAC properties was recognized as one of the key contributors to the economic growth. This happened when they developed luxurious hotels making the property market to grow. Moreover, they contribute to the growth of Dubai economy by filling their returns.
The Relationship between Donald Jr. Trump and Hussain Ali Sajwani
According to bloomberg.com, the US president has a close relationship with Sajwani. Note that, the two are real estate moguls and have completed a couple of projects. The latest project they collaborated was the Trump International Golf Club.
Mr. Sajwani is a community leader who supports charitable organizations to help needy children.