Many different real estate firms are competing against each other to grab the major portion of the booming real estate market of Dubai and the United Arab Emirates. It is a well-known fact that the real estate sphere of Dubai is highly developed and lucrative for the investors. Thanks to the government decree of the United Arab Emirates, it is possible for the foreign investors to purchase land in Dubai. It is for this reason why Hussain Sajwani was primarily attracted to the real estate space of Dubai in 2002. The Dubai’s housing market was growing at that time, and Hussain Sajwani was in the United States handling his first entrepreneurial venture, Al Jazeera Services, which is a catering and support services provider.
Hussain Sajwani after noticing the development happening in the real estate market relocated to Dubai and purchased a land in the outskirts of the city of Dubai. He imagined and designed a 38-story residential building in the plot he bought and managed to get the entire property booked before even the first brick of construction was laid. It showcases the marketing prowess of Hussain Sajwani, even at the time when he was new in the real estate space of the Middle East. The Damac Owner understands that the consumers are looking for something new, different, and elegant, and it is why, he ropes in international designing firms such as Versace, Armani, and Fendi to help with the designing aspect of all the real estate projects the company takes on.
Hussain Sajwani is also a well-known and reputed philanthropist and continues to donate generously to various charitable causes and organizations. Recently, Hussain Sajwani gave AED 2 Million to provide clothing to poor kids from across the world. Hussain Sajwani firmly believes in giving back to the society and also has an active Corporate Social Responsibility program running at Damac Properties. Hussain Sajwani also knows Donald Trump well for years and has worked together on many projects. Hussain Sajwani family also loves the Trump Family, and their respective families are seen hanging out together at many of the global events.
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