Hussain Sajwani, chairman and founder of DAMAC Properties, is one of the world’s richest Arabs according to Forbes magazine. Born and raised in Dubai, United Arab Emirates, Hussian Sajwani grew up in an upper-middle-class family. His father was a dedicated shopkeeper who sold imported watches, pens and other goods from China. His mother sold fabrics and looming materials by wholesale. Through his business, his father had helped him obtain a highly coveted government-issued grant and visa. He dutifully completed his education at Washington University, and earn himself a B.S. degree in Economics and Industrial Engineering.
In 2002, Hussain Sajwani launched DAMAC Properties, a luxury real estate developer based in Dubai. The idea came to him after his government finalized a decree to allow foreigners the opportunity to purchase property in the emirate. DAMAC grew to become Dubai’s premier residential, commercial and leisure property developers for the luxury market. The company has partnered with Bugatti, Fendi, Versace, Paramount Hotels and the Trump Organization to create various luxury projects across the Middle East, as well as London, England. Several exquisite residential projects by DAMAC Properties have won prestigious awards.
Hussain Sajwani is a long-term business partner and friend to President Donald Trump. They’ve recently opened two world-class golf courses in Dubai, and one course was fully designed by pro golfer Tiger Woods. The Trump golf courses are placed on two of DAMAC’s luxury villas and offer breathtaking views of the city. Hussain Sajwani was dubbed the “Donald of Dubai” for his extravagant marketing practices and luxurious properties. At one time, he had offered a free Lamborghini or Bentley with the purchase of one luxury residential unit. Serving as the majority shareholder of his company, Sajwani (@hussainsajwani) is now reportedly worth over $4.2 billion. As of last year, DAMAC Properties has delivered over 20,800 homes and has over 44,000 projects still under development.
Hussain Sajwani | LinkedIn