Hussain Sajwani has been the CEO of DAMAC Properties since he established it in 2002. Sajwani is an Emirati who graduated from the University of Washington and then ventured into the business and management sector afterward.
His first task was a contracts manager at Abu Dhabi Gas Industries Limited (GASCO), a subsidiary of Abu Dhabi National Oil Company. Sajwani then ventured into real estate business where he constructed hotels in the 1990s and subsequently founded DAMAC in 2002. Read more: Hussain Sajwani Family | Celeb Family
Properties and businesses for Sajwani and his companies
DAMAC Properties is a parent company to several companies all owned by Hussain Sajwani family. Sajwani and his companies have been working with different kinds of properties and businesses. The most notable ones include leisure, residential, commercial, and real estate properties and businesses. Learn more about Hussain Sajwani Family: https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board
A flagship company by the name DICO Investments Co LLC also owned by Sajwani deals with private equities and mergers and acquisitions and is also active in major holdings.
Sajwani’s Relationship with Donald Trump
The relationship between Sajwani and Trump started back in 2013 when the two entered into a deal to put up two Trump-branded golf courses. Trump International Golf Course Dubai was launched in February 2017 while Trump World Golf Course is expected to start operating by late 2018. Trump invited Sajwani to New Year’s Eve celebrations after winning the presidency and described him as a wonderful person.
DAMAC Properties deals with the development of commercial, leisure, residential and real property development. It is mainly based in the Middle-East and has its headquarters in Dubai. DAMAC Properties was developed in 2002 and has since then developed well over 16,800 homes and boasts of a development portfolio of above 44,000 units.
Philanthropies supported by Hussain Sajwani and DAMAC
Hussain, the DAMAC owner, is a known philanthropist who strives to support the government of UAE in its effort to support the poor around the world. He gave out two million AED as a contribution towards to be used for buying clothes to children from poor backgrounds around the world. DAMAC also gave out one million AED to support the refugees from Jordan and Lebanon who were affected by instability in the Levant.