Hussain Sajwani has been a fixture of the luxury real estate markets in the United Arab Emirates and across the Middle East since he established the DAMAC Properties group in 2002. While many leading luxury real estate developers found themselves struggling to survive as the 2008 global credit crisis took hold, DAMAC remained successful as the Hussain Sajwani family had learned to develop their company in a way that protected them from financial issues. The DAMAC owner explains his company survived the financial crisis with ease after Hussain Sajwani spotted the oncoming problems of the financial crisis and protected his group from damage. Learn more: http://www.hussainsajwani.com/
Hussain Sajwani has seen his luxury real estate developments grow at an amazing speed since he founded DAMAC Properties in 2002 when purchasing a small piece of land many felt would be unsuitable for a luxury development in Abu Dhabi; Hussain Sajwani proved his detractors wrong when the first development of a 38-storey luxury development was sold out in less than six months based solely on the plans produced for the development.
The DAMAC Properties group has continued to develop new luxury real estate options across the Middle East after he entered the market following a change in legal requirements by the Royal Family of the United Arab Emirates. Before 2002, ownership of properties in UAE was limited to citizens of the nation and limited the ownership options of Hussain Sajwani until a legal change prompted the establishment of DAMAC.
The success achieved by Hussain Sajwani has made him a global success who has become one of the most important business partners of U.S. President Donald J. Trump. Prior to the New York-based real estate developer entering The White House, Hussain Sajwani had already become a business partner working to construct two golf courses at DAMAC resorts bearing the Trump name. Upon entering the Oval Office, President Trump explained he had turned down a $2 billion deal to complete more luxury developments with Hussain Sajwani’s DAMAC which may be resurrected once the President leaves office. Learn more: https://www.crunchbase.com/person/hussain-sajwani#/entity