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Business Leader/Business Strategy

The Career And Unique Ingenuity Of Hussain Sajwani Made The Damac Owner A Success

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The name Hussain Sajwani is closely associated with his numerous real estate projects, Dubai and Damac Properties and DAMAC foundation. He initiated two of the biggest booms in real estate, both before and after the crash of 2008. The Damac owner began his career going to his fathers shop every day after school. He accredits part of his success to the lessons he learned during these years. His father taught him the importance of adapting to a customer base. Eventually he was awarded a United States scholarship.

 

Forbes has stated the tenth richest Arab is the Damac owner, Hussain Sajwani. His net worth is estimated at $3.7 billion. In 2017, the fourth largest company in the Arab world was Damac Properties. As the biggest private developer in Dubai, the Damac owner was hit hard during the property crash of 2008. He battled his way through and restored his fortunes. Hussain Sajwani always had a lot of ambition. He studied in Baghdad and went to the University of Washington in Seattle to study economics and engineering. The gap the countries was immense including high rises, freeways and enormous retail and department stores. This was when the Damac owner realized what was actually possible.

 

Chairman of DAMAC group Hussain Sajwani went back home in 1982. He went out on his own two years later and founded Global Logistics Services to enter the world of catering. In 1996 the construction began in Deira for the first of five hotels. The government began allowing expats to hold property leases for 99 years in 2001. The decree of 2002 enabled freehold property ownership for foreigners. This was the year Hussain Sajwani decided the timing was right to found Damac Properties. He admits he did not know at the time this moment would completely change his life but he clearly saw the opportunity.

 

From 2004 until 2006, Hussain Sajwani made nearly five times the profit from investing in the stock market than in real estate. This money went right back into the land. Damac Properties grew quickly and it grew big. Hussain Sajwani saw the crash of 2018 coming and the measures he took saved his company.

Business Leader/Business Strategy

Hussain Sajwani’s Journey to Success

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The success of a company will highly depend on the skillful leadership of the chief executive officer. This, therefore, means that any business organizations can only succeed if the leader has excellent entrepreneurial skills and knowledge. The vision and dedication of the ideas that the leader has is also another factor that determines the success of the company. Getting several awards means that you are excellent at what you do. This is the case with Hussain Sajwani. This DAMAC owner has been able to scoop several awards. In 2017’s Top CEO Awards, Hussain Sajwani was able to take the first place after defeating the other CEOs in the list. In addition to this award, he was also ranked 11 amongst one hundred CEOs in the region.

The DAMAC owner has become iconic in the region due to the high entrepreneurial skills that he displays in the running of the business. In the area, DAMAC property is well recognized. The firm is involved in the development of luxurious properties.

Hussain Sajwani holds a bachelor’s degree from the University of Washington. After school, he was able to secure a job with a company known as GASCO. He, later on, decided to practice his entrepreneurial skills by starting a catering venture. This step proved to be a success. The business enterprise that he started has been able to grow immensely. The investment has been able to become one of the most recognized catering firms. It caters for more than two hundred projects across different regions. Besides, the venture has been documented to serve more than a hundred and fifty thousand meals in a day.

The DAMAC owner is seen as one of the pioneers of real estate investments in the region. he established several hotels in 1990’s that would accommodate the high populations that flowed to the region to conduct business. This was a successful step. In 2002, he was able to found DAMAC Properties.

The DAMAC owner has had several business meetings with Donald Trump, US president. The sessions are geared towards having joint ventures in the real estate investments.

The DAMAC owner is also a philanthropic person. This is seen through the fact that he has been donating millions to many charitable organizations.

Investment Guru/Investing

Trading With AvaTrade Review

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For those looking for a place to start their online trading, there is never a better way to start their trading than the platform provided by Ava trade. The company provides customer customized platform to fit the different styles of trading available. The trading platforms offered by Avatrade include; Avatrade Act, Meta Trade 4, Dupli trade, Robox, Mirror Trader, Zulu Trade. The trading platforms are offered over the desktop browser version or on the mobile applications. The desktop browser platform is stable and the user can customize them to their liking. The advantage of these platforms is that they can be accessed from anywhere in the world as long as there is an internet connection. The mobile platforms are accessible using the android phones or iPhone. These applications are stable and include other analytical tools. The desktop and mobile versions also include additional features like newsfeeds and educational articles.

Avatrade review provides different financial markets that a client can trade in. The client can either chose to earn money from forex or commodity trading. The client has a choice of trading in the new cryptocurrencies or stock prices. Avatrade also provides clients with the option of Contract for Difference (CFD) to trade in commodities.

The biggest advantage of trading with Avatrade is the larger spreads it offers its clients. The company also protects its clients through different methods. First, it separates the client funds from corporate funds to reduce risk on client funds. Secondly, the client’s assets of up to £20,000 are protected through the Investor Compensation Company. Lastly, the firm makes sure the client cannot lose money more than his deposit. It is important to note that Avatrade does not charge the client for withdrawal or contract termination.

This private company founded in 2006 by Emanuel and Nosatzki with the aim of creating a client-focused forex broker, has over half a million clients in over 160 countries. Avatrader has its headquarters in Dublin with the holding company in the British Virgin Islands. The changing of the company’s name from Avafx to Avatrade just shows what the company is made of and its aim in making online trading available for every Nick and Harry.