Community | Entrepreneur

DAMAC owner Hussain Sajwani Built A World Leader In Real Estate

May 2, 2018

Hussain Sajwani is an Emirati businessman who is most well known for founding the powerhouse real estate development firm DAMAC Properties. Hussain is the DAMAC owner as well as its Chairman. Before entering the real estate field, Hussain opened his own catering business in 1982. This business continues today and serves over 150,000 meals every day across the middle east. The catering company services construction camps, army bases and 5-Star hotels.

 

In 2017 DAMAC Properties was ranked number one by Forbes on its Global 2000 list. This list is a feature of the fastest growing companies in the world based on a compound annual growth rate of revenues taken from 2013 to 2016. DAMAC Properties was founded in 2002 as a part of the DAMAC Group that the DAMAC owner Hussain Sajwani founded in 1992. The company is listed on the Dubai Financial Market and in 2013 became the first real estate firm based in the Middle East to be listed on the London Stock Exchange.

 

DAMAC Properties specializes in the real estate development of commercial and private real estate properties as well as the development of leisure properties. The company rapidly expanded from the UAE into Saudi Arabia, Lebanon, Qatar, Jordan and North Africa and has a Market Capital of $4.7 billion. DAMAC Properties has an employee base of over 2,000. DAMAC Properties primarily operates in the area of residential luxury properties and commercial properties as well as properties with mixed uses. The company offers its clientele luxury villas and apartments that are full service. The company also works with premium brands such as Versace Home and FENDI Casa in a co-branding enterprise. To date, DAMAC Properties has a portfolio consisting of over 44,000 units that are in varying phases of planning and progress.

 

DAMAC Properties and the DAMAC owner Hussain Sajwani make it a priority to take up projects in exclusive locations that can be built to the highest of standards. The company has become synonymous with quality and innovative design. It is responsible for iconic structures such as Smart Heights in TECOM, Executive Heights in Dubai, The Crescent and Lago Vista at IMPZ and Lake Terrace at Jumeirah Lake Towers.