Hussain Ali Sajwani, the DAMAC owner, was able to build one of the largest Real Estate empires across the world known as the Damac properties. He was able to reclaim and invest more even after the 2008 financial market crash.
According to Forbes, Hussain Sajwani is the World’s tenth wealthiest person with an estimated net worth of $3.7 billion. Hussain Sajwani says that most of his business skills were inherited from his father’s small retail and wholesale shop. Damac company is ranked as the fourth largest company with only one close competitor regarding the field they operate. This makes it the arguably the leading property development and real estate firm in the world. The active, hard work of Damac has made it run and acquire the most significant contracts in the United Arab Emirates.
The success of the real estate firm comes after the financial market crash in 2008. Damac Properties, the largest private developer, was stricken during the financial accident. However, Sajwani doesn’t like to talk much about those times.
Hussain Ali Sajwani is very proud to have completed the Trump International Golf Club. He said that the Luxury villas, luxury apartment, and the terrace make this project exceptional and one of a kind.
The rise of real estate mogul Hussain Sajwani
Sajwani pursued a degree in financial engineering and economics in the University of Washington. In his statement, he says that the difference between the United Arab Emirates and the United States gave him the zeal and urged to develop UAE. During that time, the structures in Dubai were not of standards compared to the US.
When he returned to Dubai, he landed a job with the Abu Dhabi Gas Industries. Two years later, he opted out to begin a catering business Global Logistics Services which is still in operation up to date. It then became the biggest in that region. His real estate venture started in 1996 where he completed the development of one of the three five-stars hotels in the United Arab Emirates. In 2000, he was at the heart of his career when the government allowed foreigners to acquire property. Here, he was able to sell units within six months.
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Hussain Sajwani is the founder of DAMAC Properties, a real estate development firm headquartered in Dubai, United Arab Emirates. He serves as this firms chairman of the board and chief executive officer. His company develops real estate projects globally and was founded by him in 2002. He studied at the University of Washington and has two bachelor’s degrees, one in economics and the other in industrial engineering.
The first business that Hussain Sajwani established was a catering firm. This was in 1982 and he grew the company into a leader in the industry. It now manages 200 projects across the Middle East, the CIS, and in Africa. It serves more than 150,000 meals each day with a major client being the United States military.
Starting in 2002, Hussain Sajwani pioneered property market expansion in and around Dubai when the country opened up its real estate to foreign buyers. He saw the opportunity this development presented to him and so launched DAMAC Properties. He has now developed properties in many cities in the Middle East like Dubai, Abu Dhabi, Beirut, Riyadh, Doha, Jeddah, and others. He also recently completed a project in London, UK. So far he has delivered close to 18,000 homes and he and his team at DAMAC Properties have another 44,000 in the process of being built.
In addition to the catering business and real estate development, Hussain Sajwani also successfully invests in other businesses and capital markets. He has a portfolio of investments that include regional companies as well as those that are global in nature. It is due to these activities that he has been listed as one of the 100 most globally influential Arabs in the world.
Hussain Sajwani says that he was introduced to entrepreneurialism at a young age. When he was growing up he often helped in the business his father owned. When he attended college in the United States he made money by selling time-share apartments when not studying. The money he made from doing this was what enabled him to launch his first company upon his arrival back in Dubai.
DAMAC Properties under the leadership of the founder Hussain Sajwani was able to launch Business Bay Rěva residents that offer exquisite luxury in their one and two bedroom apartments that overlook the Dubai Canal. The breathtaking canal views the resident expects to be the main attraction to the luxury property that has a 24-hour concierge and world-class facilities that are affordable.
The Property that is based at the heart of Dubai has one bedroom apartments that start from AED 699,000 with the full event sale taking place 27th January 2018 at the Jumeirah Emirates Tower at the Godolphin Ballroom beginning at 10 am until 10 pm. The Residences has become an active center at Dubai in both entertainment and business sphere of the city. The Property will be able to live up to the expectation seeing it in a vibrant neighborhood with the elegant interior and spectacular views.
The proposition of the property will see apartment buyers amazed with the ultra-modern facilities right in the center of the city with affordable prices. The Rěva residents located at the South Ridge of the Business Bay that has a spectacular view of the Dubai Canal. The location is a sought after by many property buyers. The tenants of the apartments will be able to enjoy the wealth of dining, retail choices and a wide array of entertainment. The malls and shopping areas are accessible by foot with an abundant park that allows one to jog and cycle. The residents have the world’s largest shopping center right at their doorstep.
Hussain Sajwani, the CEO of DAMAC Properties, envisioned the tenants waking up every morning with the stylish homes and life-enhancing amenities gracing their eyes. The interior well designed with the kitchens fitted in design and spacious bathrooms. The lobby has a 24-hour operational reception, landscape gardens, temperature controlled pool, sauna room, state of the art gym services with the trainer; children play expanse and an outdoor courtyard. The company is currently offering a competitive payment method for the residence with only a percent monthly payment that goes up to 45% on completion.
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The Open Society and Its Enemies is a creature of philosophy which was conceptualized and put down in writing during the Second World War by Karl Popper. The book’s thesis hints at the terrible failure of totalitarianism, fascism, nationalism, collectivism and romanticism to prescribe healthy international human interactions. The proponent of the philosophy of open societies explained that, in line with the concept of liberalism and enlightenment, no single society ever unearthed the supreme truth. He prescribes that the world embrace different societies living peacefully under the governance of laws which foster democracy and allow minority groups to air their opinions as freely as majority groups without any fear or coercion. The biggest achievement that the book ever made, and other works of Karl Popper on open societies, was perhaps to convince liberal billionaire George Soros into the persuasion of founding the Open Society Foundations.
The Open Society Foundations
The Open Society Foundations was founded earlier than 2010 when it branded itself as the OSF from the Open Society Institute. It is the biggest philanthropic organization that the world has ever had. Despite the fact the Gates Foundation spends more money than it: the Open Society Foundations reaches more people, in more countries, and in a more determinable manner. The international grant making network supports civil society groups financially all across the world. The prerequisite that most of the beneficiary activist and lobby groups have to fulfill is to support just causes that seek to advance democracy and justice, education, public health and freedom of speech.
Some of its biggest foundations in Africa include regional foundations like the Open Society Initiative for Southern Africa and the Open Society Initiative for West Africa.George Soros is the main donor to the foundation. He is famed as one of the most generous men in the world because, in his lifetime, he has given out over 12 billion dollars to charity. He has been a major donor to the Democratic Party but still, his political contributions are personal and negligible to what he gives to the Open Society Foundations. Yet, despite his heavy giving, Soros has remained a financial powerhouse who has grown the Soros Fund Management to make his worth rise to 26 billion dollars.
It’s worth noting that the foundation has had more than just money injected to it by the business magnate, he also gives it direction. The tycoon is set to leave his vast estate to the foundation and is currently overseeing its restructuring to ensure it becomes his perpetual legacy; his life on earth after his death.George Soros first came into contact with Karl Popper’s philosophy at the London School of Economics. He related with the content of the philosopher’s papers and books because he had witnessed political intolerance first hand under the Nazi occupation of Hungary under which the Soros family barely escaped with their lives.
Matthew Autterson is presently the President, Chief Executive Office and a honored board member of CNS Bioscience, Inc. The company was founded in 2013 as a clinical-stage prescription medication development company that specialized on neuropathic pain. He’s spent many years of dedicated work and learning to get him to where he is. It began in 1980 when he graduated Michigan Street University with a Bachelors in Finance. He also attended the University of Denver Graduate Tax Program. After school his career path began at First Trust Corporation. In 1982 he left First Trust to pursue a growing team to contract a new Colorado State trust company. It developed to be a subsidiary of a financial services company called Integrated Resources Inc. out of New York. He moved onto join the Resources Trust Company in 1986.
He also is part of the Board of Directors of Falci Adaptive Biosystems. He is a respected leader in the business community in Colorado. He’s appreciated for his years of experience with the Denver Zoo, Denver Zoological Foundation, Denver Hospice and the Webb-Waring Foundation. He also formerly spent time as a member of the Young Presidents Organization as well as the World Presidents Organization.
Autterson and his daughter Madison participated on Team Kylberg, a five person team, for the Baja 1000. The extremely rugged 1,296 mile race in Mexico is completely off-road and difficult to maneuver. On top of the difficulty of the terrain, Team Kylberg had to bypass an unplanned helicopter crash that took the lives of two people. One of the two people who passed away was the boss of an infamous drug cartel in Mexico. After the race it was revealed that his body was robbed from the morgue. While stealing the body, between eight to ten vehicles full of armed gunmen participated in the snatching and took two police officer’s lives. While Autterson’s team bypassed the massive accident they managed to finish the Baja 1000 in forty-six hours and twenty-two minutes. They are proud to have completed the competition more than four hours ahead of Patrick Dempsey’s team, aka “Dr. McDreamy.” The race proved to be everything other than uneventful.
Whether Matter Autterson is out experiencing life to the fullest with his family or working to grow respected organizations and incorporations, he is always pushing forward looking towards further growth and success. He continually is setting the bar for excellence in his industries and personal life.