Hussain Sajwani, what can be said about this man that hasn’t been said a hundred times before? There are many articles, interviews, and op-eds about Sajwani and almost every aspect of his life.
Few of these pieces address the man behind the most successful and powerful real estate company in the middle east, rather focusing on his professional accolades. It is true that he is an accomplished businessman and that in its own right is commendable, but there is more to him than just his powerful position as CEO of the DAMAC Group.
Hussain Sajwani started out life like most young boys growing up in the middle east in the late fifties and early sixties. His father was a shopkeeper, selling fine watches and ink pens to the up and coming businessmen who were taking advantage of the “Arabian Boom” of the era.
The sudden influx of money and power into the area brought about the bye oil and uranium industries meant that there were powerful men who wanted the best and Hussain’s father was known for the quality of his offerings. His mother sold fabrics to the women of her social circle as well as other household goods and crafts.
It was his father’s dabbling in real estate, however, that would give Hussain his first taste of a what would grow not only into a passion, but a very successful career.
It was a career that would carry him years later to the heights of success that those men who bought his fathers watches and pens enjoyed, and even further.
It was a foregone conclusion that Husain would join his father’s business when he was old enough, but he had other ideas. He wanted more out of life than the workaday struggles he saw his parents endure. He wanted to be one of those men, one of those professional men who had come into his father’s shop. Read more: Hussain Sajwani | Crunchbase and Hussain Ali Habib Sajwani | Bloomberg
He worked hard in school and he soon won a government scholarship that paid his way to one of the best medical colleges in the region in Baghdad. He did well, but didn’t feel the passion he should for the work and soon left before completing. He had the taste of the real estate market in his system and he wanted to pursue that.
He worked in various capacities and even started the first incarnation of what would eventually become the DAMAC Group, and he did well. But it wasn’t until 2001 when a change of public policy opened the door that allowed him to become the success he is today.
Sajwani founded the current incarnation of the DAMAC Group in 2002 to take advantage of a government decree that allowed foreign entities to possess property in the U.A.E. for the first time in more than half a century.
The market was ripe and Sajwani and his company were ready to cash in. Between 2002 and 2013 the DAMAC Group and its investment partners developed more than 100 million square feet of exclusive space in the residential, retail, and recreation markets.
It was this type of success that led to him and his longtime personal friend Donald Trump, international real estate mogul, billionaire jet-setter, and future president of the United States to team up and develop two super lavish golf courses.
The TRUMP International Golf Course in Dubai, which opened in 2017, one of the two projects, is the largest and most opulent country clubs in the world.
Hussain also prides himself on his work with charitable work with the wide variety of philanthropic organizations he supports. He routinely gives millions of dollars to help children and the underprivileged around the world to have a better life. He strives to live the principles of a good life that he learned from his parents and his humble origins.