Hussain Sajwani is a reputed businessman and considered a real estate tycoon in the United Arab Emirates. Born in 1956, Hussain Sajwani is the founder and Chairman of the top global real estate development firm, based in Dubai, Damac Properties.
He is one of the major contributors to the housing and infrastructure development wave in Dubai and the rest of UAE in the 1990s. Damac Properties built some of the most modern hotels, residential and commercial properties, to accommodate the influx of people into the country as the economy grew.
Hussain Sajwani Family, apart from the real estate space, is also highly invested in the local and global equity market and has an expansive investment portfolio in many of the international and regional stock markets. In 1992, Hussain Sajwani opened Dico Investments Co LLC as a mean of scaling his global investments. He has many other businesses, which include Al Anwar Ceramic Tiles Co, Al Jazeira Services, and Al Amana Building Materials.
Al Jazeira Services is the first company that he started before he launched Damac Properties and deals in providing support and catering services. Al Jazeira Servics has had a huge clientele, such as construction giant Bechtel and U.S. Military.
As an influential figure in the world economy, the third richest person in the United Arab Emirates, and a successful businessman, he is on the boards of many organizations, including Majan University College in Muscat, Takaful Company in Abu Dhabi, and Juno Online based in New York. Hussain Sajwani grew up in a middle-class family and has four siblings.
The father of Hussain Sajwani owned a watch shop and it while working with his father from a very early age his entrepreneurial spirit grew. Hussain went to the United States for higher education and joined the University of Washington, where he graduated in Economics and Industrial Engineering. Read more: The Rise and Rise of DAMAC
His company, Damac Properties, has worldwide operations in many different countries and major cities, such as London, Jeddah, Beirut, Oman, Abu Dhabi, Dubai, Asia and even in parts of United States in partnership with local, regional real estate firms.
Damac Properties is known for its artistic take on real estate development and constructing some of the most landmark buildings globally.