Hussain Sajwani is one of the people known to have rapidly exploded into prominence through his entrepreneurship expertise. He is the owner of DAMAC Properties which is a leading company in Dubai in the real estate industry. There are a lot of risks and uncertainties in this, and not many entrepreneurs who venture in it can ensure their survival in the market for a significant time. Hussain Sajwani, the DAMAC owner, has proved to be an oracle in this sector since many have invested in it and have left because of the many challenges that lead to their collapse but he has always been able to cope up with, and his company is continuing to snowball even today.
In one of his interviews, he says that one of the critical factor that has enabled him to survive in the crazy competitive market in the real estate industry, is the ability to speculate about the future. This allows him to prepare for the risks and uncertainties so that when they come, they won’t get him unaware and be in confusion on how to deal with them.
He gives an example of the year 2008 economic depression due to the political crisis experienced during that time. He says that he and his team were able to see that coming, and when many businesses were forced to close, his company remained still, and it was never affected.
Another factor that has made his DAMAC Properties to expand over the years is the ability to keep updated with the technology. The market change from time to time regarding customer tastes and preferences, changes in the market structures among others that are caused by the change in technology. If a business person is not able to keep up with the changes, then he or she may end up being eliminated from the market.
Hussain Sajwani is now one of the most famous and the wealthiest people knew in Dubai. He even holds a prominent position in the list of the wealthiest billionaires in Forbes. He has engaged in numerous projects that have kept him going, for example, the Gulf Club project that is managed by the Donald Trump organization among others.