Hussain Sauwani grew up working long hours for his father in the family business in Dubai. The store sold Chinese imports, consumer items, and office supplies, and he told his father that he would never become self-employed when he grew up due to the hours. He would rather get a degree and become a professional, at least his hours would be more regular.
Hussain was awarded a scholarship to the University of Washington where he completed the coursework for degrees in economics and engineering. He then returned to Dubai where he found work in Abu Dhabi Gas Industries.
That post did not last too long, however, because he had an opportunity to strike out on his own. His boyhood pledge to his father was something that he had forgotten about because he formed a catering company that sold food to the US Army.
The Army experience paved the way for Hussain to learn more about running a larger company, and it was a great success, by the way. The company is still in business today and doing well.
In 2002, Sajwani formed DAMAC Properties, the company that was to entrench the Hussain Sajwani family forever as one of the world’s leading companies. DAMAC is a real estate management and development company.
The UAE had just relaxed the restrictions in regard to the immigration of foreign nationals to the country, and he wanted to be ready. He sensed correctly that there would be a real estate boom with people seeking accommodations when they arrived.
Sajwani has a real flair for promotion and marketing and he wasted no time in getting started. His very first real estate project was all sold out way before the construction had even gotten started.
He had the DAMAC name posted all over the countryside and people knew who they were dealing with when it came to the name of DAMAC.
The luxury apartments and villas were just what people were looking for as the DAMAC owner began construction in a big way. Read more: Hussain Ali Habib Sajwani | Bloomberg
The sumptuous apartments had lush interiors designed by Italian fashion-houses of Fendi and Versace, and hotels and resorts in partnership with Paramount Pictures. He partnered with Donald Trump to have Tiger Woods-designed golf courses in some of the locations.
To date, DAMAC has built 19,000 apartments with an additional 44,000 more in different stages of being built.