Dubai’s Real Estate Prosperity

Dubai’s Real Estate Prosperity

Hussain Sajwani is a notable person in the real estate industry. Hussain Sajwani is the founder of the Damac Properties, a residential real estate developer. Hussain established Damac Properties in 2002 in Dubai. Before the establishment of this real estate firm, Hussain Sajwani carried out his research. In the research process, Hussain being an intelligent person spotted a business opportunity. Hussain took advantage of Dubai government’s decree that permitted foreigners to own property in the emirate. Hussain saw non-Emiratis as the main buyers of apartments. Hussain also established DAMAC with the intentions of solving the housing crisis.

 

Sajwani bought land in an underdeveloped part of Dubai. In less than one year, Sajwani managed to sell all units of his 38-story building. Since then, Sajwani’s success and motive in burnishing Dubai’s image as a glittering destination have been recognized. His achievements have not only been recognized in Dubai but also globally. Prominent people like Donald Trump have therefore sought to work with Hussain Sajwani towards the actualization of real estate ideas. Donald Trump highly respects Hussain Sajwani family.

 

DAMAC Properties has an outstanding history of success. DAMAC Properties is a branch of the DAMAC Group that was established in 1992. Its history of success and recognition began in December 2013. During this year, DAMAC was listed on the London Stock Exchange. After being operational for several years, Damac Properties was listed on the Dubai Financial Market in January 2015. Damac owner, Sajwani, is a key factor to the company’s accomplishments.

 

Besides investing in real estate, Hussain Sajwani has various investments in the hospitality sector. Damac Properties also owns DAMAC Resorts and Hotels. The property includes luxury services villas, hotel apartments, and restaurants. Damac serves many brands including DAMAC Maison Royale Hotels and Resorts and the AYKON Hotels and Resorts. Hussain Sajwani has real estate projects in the USA, and the United Kingdom.

 

In addition to his business goals, Hussain Sajwani is a philanthropist. He desires better living standards for the people of Dubai. Mr. Sajwani thus values giving to the needy. Hussain has donated to numerous humanitarian organizations. He gave AED one million to a Compassion campaign to support refugees in Lebanon and Jordan among other regions.

 

To learn more, visit http://www.damac.com/.

 

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