How Hussain Sajwani Turned DAMAC Properties In a Global Powerhouse
There are a number of high powered real estate agents who build multi-million dollar projects around the world. However, there are only a few who can create billion dollar projects in the most desirable areas. One of those top developers is currently building some of the most ambitious projects in the real estate world. That developer, Hussain Sajwani, is turning his company, DAMAC Properties, into one of the most powerful businesses in the real estate sector.
DAMAC Properties was founded in 2002. In less than two decades, this company has created some of the most ambitious projects in all corners of the world. Currently, these projects can be found in Dubai, the greater part of the Middle East and the United Kingdom. Many cities, around the world, have a DAMAC Property among their skyline.
DAMAC Properties operates a number of smaller ventures focused on specific properties and projects. One of those ventures is Nine Elms Property Limited which is a joint venture between DAMAC Properties Dubai Co PJSC and DAMAC International Company Limited. According to Arab News, this joint venture is currently developing AYKON London One, a mixed-used building that will become one of the largest properties in the London area.
Another joint venture project under the DAMAC Properties umbrella is Mina Al Sultan Qaboos. Hussain Sajwani and Omran, the Oman Government’s tourism promotion group have joined forces to create a billion dollar tourist port and 5-star destination. Mina Al Sultan Qaboos will features residences, hotel, dining and retail properties.
AYKON Maldives Resort is project wholly owned by CEO Hussain Sajwani through his DAMAC International Company Limited. This development is being built on a reclaimed island in the Maldives archipelago. The island will features a 5-star hotel with 100 luxury suites, water villas and bungalows.
Hussain Sajwani (@HussainSajwaniOfficial) began his career at Abu Dhabi Gas Industries in the finance department in 1981. Two years later, Mr. Sajwani started his own catering venture which still operates today under the name Global Logistics Services. Since 2002, Mr. Sajwani has served as the Chairman of DAMAC Properties.