Husain Sajwani is a United Emirate billionaire born in the year 1952 in Sharjah. Sajwani is the founder and CEO of DAMAC, which is a real estate development company based in the Middle East. In 2018, Husain Sajwani ranked fourth richest individual worldwide on Forbes 2018 ranking with an estimated net worth of $1.4billion.
Husain Sajwani is a graduate of the University of Worthington. The individualstarted his career in 1981 as a contract manager working in a gas industry in Abu Dhabi where he worked in the department of finance. Two years later, Sajwani started a catering venture. Some of his customers were United State military and Bechtel. The venture changed its name to Global Logistic Services, which still operate up to date.
In 2002, Husain Sajwani established DAMAC Properties, which is one of the largest Property development company in the Middle East. The company managed to develop over 19,000 apartments since its establishment. It also has over 44,000 units under various stage of development. DAMAC Properties ranked in position one on Forbes 2017 ranking of the fastest growing company in the world.
DAMAC owner, Sajwani, invested $ 600 million in London, the United Kingdom in its Versace-branded Aykon London One tower in Nine Elms. Some of the well-known projects of DAMAC properties include Tiger woods’ designed and managed by trumps organization golf course; some of the most luxurious apartment with interiors designed by Italian Versace and Fend and luxurious villas styled by Bugatti.
In 2011, DAMAC owner launched hospitality division, which is now called DAMAC Hotel and Resort. The hospitality division provides excellent services to residents and tourists in more than 15,000 service hotel rooms and apartments. This development makes the organisation the largest hotel apartment operators and developers in the Middle East. The excellent and fast growth of DAMAC properties brought up an excellent reputation to DAMAC owner and ranks in the top 100 most influential Arab globally.