Whenever there is mention of the UAE, the name Hussain Sajwani never fails to pop up. Hussain who happens to be the founder and also the owner of Damac Properties, he has come quite a long way to achieving the billionaire status he has today. His journey to becoming one of the most influential and also richest Arabs began at a humble home, where he helped his father run his shop after school.
After completion of his high school studies, Sajwani was fortunate enough to be among the first batch of students who received scholarships from the UAE to study in the US. He secured a place at the University of Washington, where he pursued a Bachelor’s Degree in Economics & Engineering. While at school, Hussain Sajwani would spend his free time to sell timeshare apartments and use his savings to get him through the semester.
After completing his studies, he began working in Abu Dhabi’s gas industries finance department, where he used his time to set the foundation for his business, and used every chance to learn on how to operate a business. After two years, Hussain left Abu Dhabi and established a catering business. Thanks to his previous skills, Hussain Sajwani had a lot of experience and skills to bring to the catering table, and soon his company was on its way to the top, handling over 200 projects, and serving over 150,000 meals in a day.
Despite his success in the hospitality sector, when Dubai allowed foreigners to set and own businesses in its jurisdiction, Hussain Sajwani took the opportunity and shifted his focus to real estate. He began by developing small hotels and through this; he set the foundation for DAMAC properties. Soon his work became noticeable, and he was invited to become part of much bigger projects. Since then, Hussain has never looked back, and he is considered a pioneer of UAE’s real estate arenas. Today, under his belt, DAMAC properties prides itself on a development portfolio of over 40,000 units and delivering over 20,000 homes. Even though he is successful, Hussain is a man with a big heart and has donated to myriads of charitable organizations and causes through DAMAC Properties.