Damac Owner and Chairman Hussain Sajwani
Hussain Sajwani began working at his dad’s shop in the Deira Souq at the tender age of 3 years. The cruel experience pushed him far from business matters until the point that he, in the end, understood that the entrepreneurial spirit was in his blood. He graduated from the well known University of Washington. After a brief period, he started his own business of catering in 1982.
Hussain Sajwani, the DAMAC owner, was one of the pioneers of the property market development in Dubai. In the mid-90’s, he built up a few big hotels to provide accommodation to the many individuals going to Dubai for work purposes together with the trade. In 2002, he knew the market well and built up Damac Properties, moreover, it has become the ones of the most influential property development organization in the Dubai. Damac Properties provides work for about 2000 workers; it is a public-listed organization with shares traded on the Dubai Financial Market. The company has outstanding track records in the property development market and up-to-date, they have conveyed more than 20,230 homes with a development construction of more than 44,000 units at multiple sectors of planning and arranging.
According to Alhayat, the Damac properties chairman got together with Donald Trump in 2013 and developed the two Trump golf courses in Dubai. Since then, they have been good friends and great business partners.
Damac Properties has continuously supported the efforts of His Highness Sheik Mohammed to enhance the lives of others, especially amid the Holy month of Ramadan. Due to that Damac properties team donated more than 40000 warm clothing to children who were in need of them.
The clothing campaign was established together with the help of the Emirates Red Crescent, a humanitarian association which got formed in 1983. The campaign raised a sum amount of AED 120 million.