Hussain Sajwani

About Hussain Sajwani

Birth Year: 1952
Birth Place: Dubai, United Arab Emirates, United Arab Emirates
Residence: Dubai, UAE
Alma mater: University of Washington
Occupation: Founder and chairman, DAMAC Properties
Known for: Real estate development
Children: 4
Website: http://www.hussainsajwani.com/en/

Hussain Sajwani Net Worth

Hussain Sajwani was bornon 1952 in Dubai, United Arab Emirates, United Arab Emirates. Hussain Sajwani founded residential real estate developer Damac Properties in 2002, taking advantage of a Dubai government decree that allowed foreigners to own property in the emirate. He saw non-Emiratis as the main apartment buyers. After Sajwani purchased land in a then-undeveloped part of town, he managed to sell units in his first 38-story residential building in less than six months--before he started construction. Sajwani has since helped burnish Dubai's image as a glittering destination. Damac teamed up with Donald Trump (beginning in 2013, long before he became president) to develop two Trump-branded golf courses. The Trump International Golf Course Dubai opened in February 2017 at Damac's Akoya residential development, and the Trump World Golf Course, designed by Tiger Woods, is slated to open at a separate Damac development at the end of 2018. In a press conference soon after he was elected president of the U.S., Trump praised Sajwani, calling him "a very, very, very amazing man" who had just offered him a $2 billion real estate deal in Dubai that Trump said he had to turn down. Sajwani started out in the food service business, attracting clients such as the U.S. military and construction giant Bechtel. He still owns the food service firm.
Hussain Sajwani is a member of Real Estate

💰 Net worth: $3 Billion (Updated at 22 June 2018)

2016 $3.2 Billion
2017 $3.7 Billion
2018 $3.82 Billion

Some Hussain Sajwani images

Awards and nominations:

Ranked Number 15 on Hotelier Power 50 - CEO Middle East Awards 2017

Property CEO of the Year – CEO Middle East Awards 2017

Biography/Timeline

1981

Sajwani started his career in 1981 in the Finance department in Abu Dhabi Gas Industries. Two years later, he started a catering venture, with customers including the U.S. military and Bechtel. The venture is still operational and is now called Global Logistics Services.

2002

In 2002, Sajwani established DAMAC Properties, one of the largest property development companies in Middle East. The company has developed around 19,000 apartments since its inception, and has over 44,000 units under various stages of development. In 2015, the company got publicly-listed with shares traded on the Dubai Financial Market.

2013

Property CEO of the Year – CEO Middle East Awards 2017

2017

Ranked Number 15 on Hotelier Power 50 - CEO Middle East Awards 2017

2019

Sajwani is married, with four children, and lives in Dubai. Hussain Sajwani’s son, Ali Sajwani, is an Economics graduate from North Eastern University in Boston, Massachusetts, and is the General Manager of Operations at DAMAC Group. He was recently recognized as one of Middle East’s Future Stars by the Arabian Business Achievement Awards 2017, organized by Arabian Business.