How Hussain Sajwani built his DAMAC Properties

It has taken Hussain Sajwani less than four decades to build his multibillion-dollar empire. The DAMAC owner first ventured into the business world in 1982 when he established his first catering business known as Global Logistics Services. Within a short time, the company picked up so well where it was serving more than 150,000 meals in African and Middle East markets. He has risen from the humble beginnings to rank in the fourth position of the wealthiest Arabs. His company, DAMAC Properties was also listed in the fourth position among the biggest real estate companies in the Middle East. In fact, DAMAC Properties was the first Arabian company to get listed in the London Exchange.

Education Background

The DAMAC owner graduated with a degree in Economics and Industrial Engineering from the University of Washington. He was born into a family that valued entrepreneurship. His father, Ali Sajwani was an influential businessman who worked hard to ensure that his children attained a good education. Hussain Sajwani recalls how his father used to take him to the family shop every afternoon.

Hussain Sajwani notes that his father played a huge role in nurturing his entrepreneurial spirit. In fact, he attributes part of his current success to the lessons that he learned while staying with his father. Upon his graduation, Hussain Sajwani returned home where he was employed as a project manager by an oil company in Abu Dhabi. He, however, resigned to pursue his entrepreneurship dream.

He founded the Global Logistics Services in 1982 and the company turned out to be a huge success. He stepped his foot into the world of real estate in 1996 when he built his first three star hotels. He would build property, lease and then sell. That is how he managed to raise money for his upcoming projects.

As mentioned in an article published at the Premier Gazette, in 2002, the Dubai government passed a law allowing expatriates to obtain a 99-year lease for the property in the country. Seeing the opportunity, Hussain Sajwani established DAMAC Properties, which started developing large-scale properties in the country. DAMAC Properties currently employs more than 2000 employees and it has so far built a portfolio of more than 44,000 units. They have developed some of the most luxurious properties in the Middle East, including the DAMAC hills, AKOYA Oxygen, Trump Golf Course and many others.

Find out more about the Jobs at DAMAC: https://www.payscale.com/research/AE/Employer=Damac_Group/Salary