Growing up in Dubai was a transforming experience for Hussain Sajwani, although he probably was not aware of it at the time. He worked long hours after school for his entrepreneurial father in the family business, a variety shop that offered Chinese imports, office supplies, and personal items.
He told his father that he would never want to be a self-employed businessman because the hours were just way too long. He said that it would be better to be a degreed professional and that way he would be able to work normal hours.
Hussain did have an episode of entrepreneurship when he uncovered an especially good price on a volume of candy while he was still in school. He was able to purchase it and then sold the candy to his classmates in school. He did rather well on the profits, and he again mentioned to his father that being self-employed might have its advantages.
He went on to college in the USA at the University of Washington and there he earned degrees in engineering and economics. He then returned to Dubai, and in 1981 he worked for Abu Dhabi Gas Industries as an engineer.
Shortly thereafter he started a catering company that sold food to the US military who were then fighting in the Gulf War. He did well with that venture and the business is still in operation to this day.
In 2002, Hussain Sajwani founded DAMAC Properties, a real estate development and management company. This was in the wake of the UAE announcing that the restrictions on immigration of foreigners would be lifted and people could come into the country to live. Sajwani speculated currently that this would cause a real estate boom to occur.
DAMAC was to become the Hussain Sajwani family basis for security and wealth, and his vision was clear as to its direction. One of his talents was that of promotion and promote he did because soon the DAMAC name was all over the countryside. One of his favorite slogans was, “A New Bently For Each Apartment.”
The elegant and richly furnished apartments had a touch of class that became in great demand. With Italian influenced interiors designed by Versace and Fendi, people clamored for the accommodations. Several of the properties had Donald Trump-branded golf courses that were designed by Tiger Woods.
From the inception of the company, the DAMAC owner has built 19,000 apartments with another 14,000 awaiting completion.
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