Being listed as one of the 100 most influential Arabs in the world, Hussain Sajwani has the business credentials that will really make an impression on any observer. He has established Damac Properties, a global property developer and is currently its chairman. This real estate businessman went to the University of Washington where he studied Industrial Engineering and Economics.
He first involved himself in the catering business in 1982 and grew to become a market leader where he managed over 200 projects and served more than 150,000 meals daily. His customers were diverse, with some coming from Africa, while others are in the CIS and the Middle East.
In 2002, Hussain Sajwani pioneered the expansion of the Dubai property market by establishing Damac Properties. This company grew to be one of Middle East’s biggest property developers. Its business influence has reached different cities in the Middle East including Riyadh, Jeddah, Beirut, Amman, Doha, Abu Dhabi, Dubai and even overseas in London.
To date, Damac Properties has delivered more than 17,900 residential units. This company’s development portfolio has more than 44,000 homes at different stages of planning and completion.
In an interview, Hussain Sajwani was asked where he got his idea of starting Damac Properties. The Damac owner said that he realized that he could increase his income by going into business. He first started his catering business. But his interest in real estate grew more than his interest in catering. So he started developing small hotels and then graduated to building bigger projects such as commercial towers in the heartland of Dubai.
He was also asked during the interview about his habits that made him more productive as a businessman. The Damac owner said that he likes to expand his horizons by traveling. This practice enabled him to see different approaches to life. He also revealed that he is fond of reading history books focusing on early civilizations. Hussain Sajwani said there are many valuable lessons that we can learn from the pages of history.
The Damac owner was also asked about his typical workday. He said that he usually meets the members of his management team to ensure that he gets updated on what is going on in his company. Sajwani added that there are times that he also meets his business partners and representatives of business organizations.