DAMAC Properties is a property development firm based in Dubai, United Arab Emirates. It was founded in 2002 right when foreigners could start buying homes in that country. They exclusively build luxury development and have become on the biggest property developers in the Middle East. It was founded by Hussain Sajwani who is this company’s chief executive officer and chairman of the board.
Under Hussain Sajwani’s leadership, DAMAC Properties became a publically traded company. So far they have delivered nearly 17,000 homes and have about 44,000 homes in their development pipeline. He often partners with fashion and lifestyle brands when building these homes. He has had luxury brands help to design both the exterior and interior of DAMAC Properties homes. He also partnered with Tiger Woods who drew up the golf course at one of his developments. This golf course is being managed by the Trump Organization.
Hussain Sajwani has been a business partner with Donald Trump for a number of years. When Trump was delivering a New Year’s Eve speech at the close of 2016 he named Hussain Sajwani and commented on what a great job he had been doing on DAMAC Properties. Hussain Sajwani attended this event along with his wife and children.
Hussain Sajwani says that he got his start as an entrepreneur in the early 1980s. He started a food catering venture which is still going strong today. He says that one of the possessions he most values is a plaque that was presented to him by the US military. His company had provided food service during the first Iraq war and the US Army provided the plaque in order to thank him for his outstanding service.
Hussain Sajwani believes in using his success with DAMAC Properties and his other ventures to give back to others. He once wrote a check for AED two million which went towards a campaign to provide clothing to children. His donation to this cause was enough to provide warm clothing to over 50,000 children in the Middle East, Africa, and Asia.