Hussain Sajwani: Guiding DAMAC Properties to Unfrequented Global Success

With over 20,000 homes developed and an employee base exceeding 2,000, DAMAC Properties has cemented its place as one of the leading brands in the real estate industry in the United Arab Emirates and beyond. Under the able leadership of its founder, Hussain Sajwani has transformed from a local brand into a globally recognized brand with unique properties. The company has expanded to new markets including China and the UK in addition to other cities across Europe and Asia. The DAMAC owner, who currently serves as the company’s chairman, is a seasoned entrepreneur having started his journey in his family’s watch selling business. He would later venture into real estate industry as an agent in the U.S. where he had gone to study on a scholarship at the University of Washington.

By the time he founded DAMAC Properties in 2002, Hussian Sajwani had graduated from the university with a degree in economics and industry engineering and worked as a contracts manager at Abu Dhabi National Oil Company’s subsidiary. He gained further experience in entrepreneurship and business management by venturing into food industry.

Success Founded on Sustainable Development and Portfolio Diversification

The rapid expansion and growth of DAMAC Properties into a global brand is founded on strategic management and capitalizing on investment opportunities that spring up in the market. Under the visionary leadership of the DAMAC owner, the company has diversified its investment to other real markets in addition to opening new subsidiaries specializing in other products and services. These subsidiaries include DICO Investments and Nine Elms Property Limited among others. Hussain Sajwani has overseen the company’s listing in the financial markets and going public by being adept at identifying opportunities and acting fast. He has also given the employers a free reign to come up new and innovative ideas that have a critical role driving the company forward.

The DAMAC owner has overseen a period of growth at the company by growing its portfolio of properties. The company boasts of some of the best properties in the world including Akyon Maldives Resort: a high-end resort currently being developed by the company in Maldives.

Discover more here: https://www.albayan.ae/economy/local-market/2018-04-18-1.3240562

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