Hussain Sajwani’s DAMAC Properties Growing very Fast in The Middle East

From the time he was three working with his father in their watch shop, it was always clear that Hussain Sajwani was a natural entrepreneur. Today, the 60-year-old investor is chairman and founder of DAMAC Properties, one of the largest property development companies in the Middle East. Hussain Sajwani was born in the United Arab Emirates. He attended the University of Washington and graduated in 1981 with a Bachelor of Science in Economics and Industrial Engineering. After a short stint as Contracts Manager at GASCO, Sajwani opened his first catering venture in 1982. The astute businessman would grow the business to more than 200 outlets across the Middle East, Africa, and the CIS.

According to, at the start of the 1990’s Hussain Sajwani delved into the investment industry, founding DICO Investments Co LLC. Currently, DICO has AED billion worth of assets in various sectors. In the mid 90’s, Sajwani built several luxury hotels in the UAE to accommodate visitors into the country. One of Hussain Sajwani’s most successful investments is DAMAC properties. Founded in 2002, DAMAC has undergone rapid development and is now publicly traded on the Dubai Financial Markets. The company has so far delivered close to 20,000 units in the luxury homes industry and is developing 44,000 new ones. DAMAC is working with Donald Trump’s the Trump Organization to develop and manage a luxury golf course designed by Tiger Woods. Besides this collaboration, DAMAC has also partnered with other top brands such as Bugatti, Versace, Fendi, and Paramount Hotels and Resorts.

Hussain has interests in other investments too including Al Jazeira Services, Al Amana Building Materials, and Al Anwar Ceramic Tiles Co. He also supports charitable organizations and causes that foster innovation and entrepreneurship among the youth. Hussain Sajwani has a wife and for children. Together with his family, he lives in Dubai.


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