Hussain Sajwani is a highly successful businessman in the United Arab Emirates. He has had success in the luxury property real estate segment, investing, and catering services. He founded his company DAMAC Group in 1982 which was a first a catering company but Hussain Sajwani has dramatically added to that business in the intervening years.
As the key DAMAC owner, Hussain Sajwani has built a fortune that is worth an estimated $3.4 billion. His catering company has grown into a leading food provider in Africa, the Middle East. and in Eastern Europe. His great success in this field led to him being able to take advantage of a change in the law in the UAE. Read more: DAMAC Chairman Relishes His Roots | The National
In 2002, the country opened up the owning of real estate properties to foreigners. Hussain saw this as an opportunity to sell luxury villas and apartments to foreigners, as well as including high-end retail in his developments. This proved a winning combination as his first building sold out before the ground had even been broken for the project. He now has almost 18,000 homes built and another 44,000 that are being developed.
Hussain Sajwani has partnered with Donald Trump and his Trump Organization on two of the key properties that are being built. One was recently completed while the other property is slated to open in 2019. Both properties feature an 18-hole golf course that is named after Donald Trump.
The projects were also completed in partnerships with other luxury brands such as Fendi and Versace. The villas were built in a partnership with Bugatti who is responsible for the styling of the buildings.
DAMAC Group also has an investment arm, DICO Investments. This firm has $3 billion in assets under management that is invested in companies in the Middle East. Among the companies DAMAC Group has invested in is media company Al Jazeira Services, Al Anwar Ceramic Tiles Co. and Al Amana Building Materials.
In his personal life, Hussain Sajwani family consists of him, his wife, and his four young children. They live in the capital of the UAE, Dubai.
Hussain is also a philanthropist who has given money to various charities such as AED $2 million that he donated to clothe needy children around the world. He also gives money to entrepreneurship initiatives which show students how to build and operate a new company.