Headquartered in one of the wealthiest countries, DAMAC Properties of Dubai has developed some of the world’s most luxurious residential, commercial and leisure properties in the entire Middle East. Founded by CEO and chairman Hussain Sajwani, DAMAC Properties has delivered more than 20,230 luxury residential properties, 13,000 full-service hospitality suites, villas and resorts since its launch in 2002. In an Arabian Business article, there are roughly 44,000 more apartment and hotel units still under development as of last year. In June 2017, DAMAC Properties was chosen to redesign a waterfront tourist attraction at one of Oman’s historic ports, the Sultan Qaboos. The cost of this redevelopment is reportedly worth $1 billion and Hussian Sajwani was honored that his company was the first to be considered.
DAMAC Properties has collaborated with many world-class luxury brands such as Versace, Bugatti and Fendi and featured their interior designs in many of its award-winning residential properties in Dubai, London, Lebanon and more. Hussain Sajwani, the DAMAC owner, and his DAMAC team have also partnered with Donald Trump to help build several of his luxury golf course resorts in Dubai. One of the courses, the Trump World Gulf Course, was designed and sponsored by golf All-Star Tiger Woods and is expected to open late 2018. Tiger Woods was said to be paid more than $14,500,000 for his golf course design and it will be located at the Akoya Oxygen villas.
CEO Hussain Sajwani was dubbed the “Donald of Dubai” for his state-of-the-art luxurious residential properties reminiscent of Trump’s real estate developments and for his wealth. Hussain Sajwani became a self-made multi-billionaire after launching his company, he was later ranked as the ‘world’s fourth richest Arab’ by Forbes in 2018. In 2017, the DAMAC Foundation became the main sponsors of the Dubai Future Foundation’s One Million Arab Coders Initiative. This initiative will provide one million Arab youths with free software development training. The company’s foundation has also donated hundreds of thousands of dollars to help support refugees stationed in Jordan and Lebanon in 2015.