Hussain Sajwani is the founder and CEO (Chief executive Officer) of DAMAC Properties. The company was established in 2002 and it is headquartered in Dubai, the United Arab Emirates. The focus of the company is luxury commercial, residential and leisure properties. A businessman and entrepreneur, Sajwani got his start in the business world by pursing the food industry, particularly the catering industry. He provided catering services to workers in the energy industry in Abu Dhabi. He also provided food service to the United States Military during Operation Desert Storm in 1991. Despite the variety of contracts, he saw low profit margins.
Hussain Sajwani took his food service experience and coupled with his entrepreneurial spirit moved into the real estate development business. He decided real estate and property development was the future. The Sajwani family had previously developed several mid-market hotels. In 2002, DAMAC Properties emerged as a builder of high-end and luxury properties. With an aggressive and off-site marketing plan DAMAC Properties and Hussain Sajwani have found tremendous success with their development endeavors.
Hussain Sajwani is somewhat of a real estate visionary as he for saw the real estate bubble burst in 2008. Even though drop in sales seemed to be typical from time to time as the economy turns, Sajwani was one of the few that saw the seriousness of the event and took immediate steps to get through the crisis without bottoming out financially. Several controls were put in place including controlling costs, being very cash conscience and not getting involved with buyers and other developers experiencing difficulties. DAMAC Properties made it through the crisis without experiencing a lot of difficulties that other developers experienced.
Before Donald Trump was elected President of the United States, Sajwani had partnered with the Trump Organization on several projects including Trump International Course Dubai. Sajwani also has established a working relationship with the three Trump children, Donald, Jr, Ivanka and Eric. Sajwani finds the children very protective of the Trump brand and will not do anything to compromise the brand. With the children running the day to day operations of the Trump Organization, Hussain Sajwani sees a positive collaboration between the Trump Organization and DAMAC Properties.