Born in 1952, Hussain Sajwani is a renowned billionaire property developer and the Chairman and Founder of DAMAC Properties, a real estate development firm. The firm earned the top spot in the Forbes’ list of top 2000 real estate development companies in the world. It is one of the world’s fastest-growing realtors based on its revenue annual growth rate. Moreover, Hussain Sajwani, the founder of DAMAC Properties was ranked the fourth wealthiest Arab with $4.1 billion worth of assets.
Hussain Sajwani’s father was an entrepreneur and owned a shop that would sell shirts, watches, Parker pens, and import goods from China. Hussain was among the first few students privileged to obtain a government scholarship to study in the United States. His relentless efforts at the University of Washington earned him a degree in Economics and Industrial Engineering. Mr. Hussain Sajwani began his career in 1981 as a finance professional in Abu Dhabi Gas Industries. Over time, he launched a catering venture that targeted Bechtel and the U.S. military. His catering venture currently operates as Global Logistics Services.
Hussain Sajwani established DAMAC Properties, one of the Middle East’s top real estate agencies in 2002. Under the leadership of Mr. Sajwani, the company has developed approximately 19,000 apartments since its launch in 2002, and currently has more than 44,000 units under construction. Its shares started to trade on the Dubai Financial Market in 2015. Some of DAMAC Properties’ projects include luxury villas, paramount resorts and hotels, and golf courses. Gulf Business named Hussain Sajwani as one of the top 100 most influential investors from the Middle East.
Sajwani lives in Dubai with his wife and four children. One of his sons, Ali Sajwani, went to the Boston-based North Eastern University where he graduated with a degree in Economics. He currently serves as DAMAC Group’s general manager and the Arabian Business Achievement Award named him as one of the Future Stars in the Middle East in 2017. Hussain Sajwani sponsored the launch of DAMAC Foundation, a One Million Arab Coders Initiative, which specializes in the delivery of free software development training programs to youths in the Middle East.