The Evolution of DAMAC Properties

DAMAC Properties is a public Company dealing in the development of residential, leisure places and hotels and Commercial properties. The company is headquartered in Dubai. Hussain Sajwani is a billionaire developer who is the owner and the founder of DAMAC properties. Damac properties and the Trump Organization have previously collaborated in building Trump’s International Golf Club in Dubai.

Hussain Sajwani and Donald Trump hopes to further the relationship through Trump’s real estate firm famous as Trump Organization. According to Sajwan, Trump will not be directly involved to avoid conflict of interest. Instead, his three children will be involved; Ivanka, Eric and Donald Jr.

Hussain Sajwani earned his education from the University of Washington. He then started working at GASCO as a Contracts Manager in the Abu Dhabi Oil Company. In 1982, Hussain Sajwani started a food business where he gave very outstanding food services.

He offered catering services to workers in the energy sector in Abu Dhabi. He also supplied food to the U.S Army during the first Iraq war. He served Americans all over the world. DAMAC Group still does food business.

In the food business, Hussain would make millions and not billions but claimed that this was not enough. In the 1990’s Hussain, the Damac owner was one of the pioneers of Dubai’s property market expansion. He built hotels to accommodate the increasing number of people. In 2002, Dubai was at its sixth year of real estate boom, and Hussain decided to do property for a brighter future. He saw an opportunity and founded DAMAC Properties. This was when the Dubai government gave foreigners the right to own property.

The Hussain Sajwani family had some property in Dubai. Damac started in 2002 as a mid-market where it came up with nice developments and marketed them. Since then, the company has grown.

Sajwan and DAMAC Properties are involved in Philanthropy work. According to albawaba business news documente on 14th September 2013, Hussain Sajwani, the chairman of DAMAC properties funded two million in a campaign towards clothing one million deprived children.

This was part his company’s continued support to the Government of Dubai in its efforts towards improving standards of living of people around the globe.

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