DAMAC Properties was founded by Dubai businessman Hussain Sajwani who is the current chairman of the organisation. Hussain Sajwani is a graduate from the University of Washington where he acquired his degree and later started work as a Contracts Manager in GASCO which was part of the Abu Dhabi National Oil company and after some time he ventured into his own business where he started a Catering agency. He also participated as one of the pioneer individuals who came up with market expansion in Dubai. He managed to build several hotels which housed business people who came to the Emirates. He identified a gap in the market and the year 2002 he started his own company DAMAC Properties which has further developed becoming one of the major leading organisations in the Middle East.
Hussain Sajwani had skills in fields such as sales, administration and finance and this are some of the factors which contribute to his success today. The company has managed to secure opportunities in cities such as Doha, Amman, London and Dubai making it lead the market. DAMAC Properties has managed to secure employment for over 2000 people who work in the property development field.
Due to his skills in business, Hussain Sajwani has many investments, and this has enabled him to hold investment portfolios in many regional and also global markets. Hussain Sajwani has also managed to work with high profile organisations such as The Trump Organization which is owned by Donald Trump, and he is hoping to tighten his business links with Trump. The two business partners celebrated New Year’s Eve together, and Trump didn’t forget to mention the renowned businessman in his speech.
According to Look Up, DAMAC Properties is mostly identified with building excellent properties where every buyer of a luxury apartment is gifted with a Bentley. DAMAC Organization still has a part which deals with the food industry as a reminder to Hussain Sajwani as to where he started. DAMAC has faced much crisis during its development but the active management was able to put the company from the crisis, and it managed to rise back to the top of the industry. Mr Sajwani has had thoughts about further expansion of his multi-billion company to places such as Turkey although the plans are still underway and it will be aired out later. He has managed to create a very successful empire so far.