Hussain Sajwani: DAMAC Owner and a Real Estate Industry Revolutionary

When Hussain Sajwani founded DAMAC Properties in 2002, he had one goal in mind: to revolutionize the real estate industry with glitzy and glamorous properties. It is a goal that Sajwani has spectacularly achieved. Not only has he changed the real estate industry landscape in Dubai: the DAMAC owner has ensured that the company which serves as the chairman had established a strong footprint in other cities across the globe. Under his able leadership, DAMAC Properties has developed unique luxurious properties in various countries including Maldives, United Kingdom and several towns across the Middle East.

In a post from Saudi Projects, since venturing into real estate development and management, Hussain Sajwani through his company DAMAC Properties and its subsidiaries has dedicated himself to developing some of the most iconic residential, commercial and mixed-use real estate properties in the world. London’s iconic and prestigious mixed-used property, AYKON London One, stands out for its magnificence. The DAMAC owner oversaw the development of the city’s residential property masterpiece through two subsidiaries of DAMAC Properties: Nine Elms Property Limited and DAMAC Properties Dubai Co.

The company also entered into a joint-venture with the Omani government to redevelop the country’s tourist port, Mina Al Sultan Qaboos. The $1 billion project will see DAMAC Properties redevelop the port and add its trademark luxurious touch to it by incorporating bespoke social amenities, hotel, and commercial sections. Sajwani is also overseeing the company’s project in the Maldives; multifunctional 100-suite property dubbed ‘AYKON Maldives Resort.’ The property, being developed on an archipelago, will have world-class suites.

Hussain Sajwani and his company, DAMAC Properties have been synonymous with luxurious properties. However, the DAMAC owner has diversified his investment by establishing other companies with interests in other industries beyond real estate. Sajwani found DICO Investments in 1992 to venture into investment. The firm targets a broad range of investment areas including strategic holdings among others. In 1998, he also ventured into the tiles industry by founding Al Anwar Ceramic Tiles Co. Where he serves as the company’s chairman. Sajwani also holds majority shares in the building and construction materials company, Al Amana Building Material and Muscat-based company, Al Jazeira Services Company.

Taken from: https://www.elmawkefalarabi.com/life-style/news-20180417505

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