All sectors in the business world have veterans hogging the headlines for their pacesetter status. With the real estate industry being an integral part of the corporate world, one household name that has established his empire from scratch is Hussain Sajwani. However, not born with a silver spoon in his mouth, he had to scheme well from a tender age to earn what is deservingly his today.
His Entrepreneurial Trajectory
Hussain Sajwani, DAMAC owner was born to an entrepreneurial father who owned a shop. Here, he learnt a myriad of lessons that would shape his business ideologies into eternity. In an interview, he ascribes part of his success to this one-on-one experience.
Evidently, on the verge of following his father’s enterprising footsteps, Hussain Sajwani won a scholarship to pursue Industrial Engineering and Economics at the University of Washington. Peradventure what motivated him even further was the sharp contrast between the U.S. and Dubai.
Starting off on Career
Upon graduation, he returned home to build on his career. He started at Abu Dhabi Gas Industries in 1982 before starting Global Logistics Services offering catering services. What’s more, he founded the DAMAC Properties in 2002 where he currently serves as the CEO.
DAMAC’S Highs and Lows
A venture of DAMAC’S magnanimity stands in the way of imminent economic quakes. In what he regards as the worst period of his 35 years in business, the 2008 market crash brought the mega investment to its knees.
Growing in his Career
Following his importunate efforts, the DAMAC owner managed to revamp his business to the point, in 2013, DAMAC became the first real estate company to list on the London Stock Exchange from the Middle East. Hussain Sajwani then initiated a chain of projects in Dubai and beyond, hinting at making a triumphant entry into Europe.
With his DAMAC Hills hosting the Trump Estates, he declined to comment on political headlines reiterating his company made a professional partnership with the Trump organization. He added that the brands they partner with are entitled to their own political statements. Moreover, Hussain Sajwani survived the crash due to his patience and persistence learnt from his formative years. He remains an indomitable figure among his peers in this vibrant industry.