Hussain Sajwani is a real estate developer who builds establishments intended not only to attract the local billionaires and tycoons but also tourists from around the world who want to see the beauty of the UAE’s cities like Dubai and Abu Dhabi. He’s built some of the world’s most beautiful hotels as DAMAC owner and CEO both in proximity to city attractions and out in more desert oasis areas where golf courses have been developed. He’s also been the head of a private equity firm known as DICO Investments which has managed DAMAC’s assets, and he also announced he’d consider putting DAMAC’s shares up for an IPO possibly through the London Stock Exchange. One reason Sajwani has been so successful in both real estate and financial management has been his ability to stay debt-free and have cash reserves available should an emergency happen.
DAMAC owner Hussain Sajwani has become closely associated with current US President Donald Trump because he’s been a partner with the Trump organization, but his relationship with the US has gone way back before he even knew the Trump family well. He’s a graduate of the University of Washington and the first business he actually established on his own was a food catering business that served many US clients. In 1991 Sajwani’s catering business actually brought many dinners to US troops stationed in the peninsula during the Gulf War. But he decided to start going into real estate in the mid-1990s because he sought to gain profits in the billions as opposed to just millions that his catering business brought in.
One of Hussain Sajwani’s first properties that he had built were hotels that weren’t nearly as upscale in Deira in the 1990s as the UAE’s real estate markets took off, but Marina Terrace stole the big show when it was developed in 2005. DAMAC Tower was built just one year and became a sight to behold in the interior thanks to its Versace Home partnership that gave it a makeover like none seen before. Sajwani made his biggest deal with the Trumps in 2011 when he helped fund the construction of the Tiger Woods Course and the hotel accomodating it. In 2016, he announced the opening of the Trump International Golf Club Dubai prior to President Trump winning the election of that year. He’s now in the midst of a partnership with the Roberto Cavalli Group as part of a AKOYA Oxygen project.
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