Hussain Sajwani is a businessman who is the owner of DAMAC, which is one of the largest real estate companies in Dubai. Hussain Sajwani attended the University of Washington before moving back to Dubai to work for the national oil company. Hussain Sajwani started his own business by founding a catering company in 1982. His catering company has grown so that it currently provides a hundred and fifty thousand meals a day with it providing meal to everything from the army to luxury hotels.
Hussain Sajwani moved into the Dubai real estate market by becoming the DAMAC owner in 2002. The company was able to take advantage of the growing Dubai real estate market with the company expanding to invest in real estate in places such as Jordan, London, Beirut, and Riyadh. As the DAMAC owner, Hussain Sajwani is one of the most wealthy real estate magnates in the world. His company owns over twenty thousand houses along with over forty-four thousand units. Hussain Sajwani has been able to weather the downturn in the Dubai real estate market with him increasing his wealth as the DAMAC owner and becoming the wealthiest billionair in Dubai.
Hussain Sajwani recently spoke about the future of his company in an interview. He described 2017 as a profitable year that showed stability. His company was able to exceed sales expectations despite a sixty percent decline in the Dubai real estate market. His company opened its first golf course in partnership with Donald Trump. The DAMAC owner expects the company to reach its sales expectations for 2018 with a projected 1.9 billion dollars in sales. Hussain Sajwani credits the success of his company to being able to predict future market trends and make preparations for future financial troubles. The company recognized the impacts of the 2008 market crisis and was able to take actions to prevent financial catastrophe. This allowed it to be one of the few Dubai real estate companies to survive the crisis. DAMAC took similar steps in 2017. Hussain Sajwani plans to continue to expand his business with a focus on both catering and real estate.
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