Business News

The Development of Damac Properties

Mr. Sajwani is the Chairman and founder of Damac Properties which is a global property development firm. Hussain Sajwani is a graduate from the University of Washington. After graduating, he first worked as a Contracts Manager at GASCO. GASCO is one of the subsidiaries of Abu Dhabi National Oil Company. After gaining the experience he wanted and getting enough starting capital, Sajwani felt that he had sufficient knowledge and skills to start his own company. He started a catering company in 1982. His company grew exponentially which he still operates it up to now.


Sajwani has played a significant role in transforming Dubai and making it a great place to invest in and buy property. He is among the pioneers of property market expansion in the city. In the 1990s, Hussain Sajwani built numerous hotels to accommodate hundreds of people visiting Dubai for business and trade. In 2002, Sajwani saw a viable opportunity in starting a real estate company. Hussain established Damac properties which has since then grown to become the leading property development firm in Middle East.


Hussain Sajwani’s expertise and know-how in administration, marketing, finance, legal, and sales in property development are key drivers of Damac Group’s success. Damac owner has managed to carry out property development projects in London, Jeddah, Doha, Dubai, Riyagh, Beirut, Amman among others. Hussain Sajwani still does the best he can by forming partnerships with other notable investors such as Donald Trump. Hussain Sajwani family and that of Donald have a good business relationship and friendship. Through a collaborative project between Damac Group and Donald Trump’s real estate company, an international golf club in Dubai was constructed and branded Donald Trump.


Damac Company has provided job opportunities for approximately 2000 employees. Damac Properties trades its share in Dubai Financial market. Damac Group has one of the best company profiles in Dubai. The Company is popular for luxury property development market. Damac Company has so far delivered more than 16, 800 homes with approximately 44,000 units at different stages of planning and progress.


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