Hussain Sajwani grew up as an after-school helper in his father’s Dubai variety store. The hours were very long, which he complained about, but he learned valuable lessons about hard work and dedication to the job. Even so, he told his dad that he would never become a businessman himself because of the long hours.
However, the bug for business bit him when he found a great price for a great quantity of candy that he and his schoolmates enjoyed. He was able to purchase this allotment and subsequently sold it piecemeal to his classmates at a great profit. After that experience, no heard anything more about being in business and the so-called negatives.
After attending college, Sajwani, the DAMAC Owner, started a catering company that sold food to the United States Army during the Gulf War in the region. This was a very profitable venture and Sajwani made many key contacts with business and political leaders who would be of help to him later in his career. He also learne much about the forming and managing of large organizations during this time.
In 2002, as per alhayat.com, Sajwani formed DAMAC Properties, Inc., a real estate development and management company in Dubai. It was at this time when the United Arab Emirates (UAE) decided to allow people who were not citizens of the UAE to be able to purchase land and living accommodations in the UAE. Sajwani sensed that there would be a great need for housing and he wanted to be prepared for the opportunity.
He began to purchase land and to promote his new, luxury apartments that he surmised the higher income immigrants would demand. He was correct on that count because people of means knew that the economic climate in the UAE was good for business.
Sajwani was an excellent promoter and he offered a new Bently automobile along with each new apartment. Needless to say, that ploy got everyone’s attention and it was a promise made good as thousands clamored for his luxurious accommodations. There was nothing spared in the way of accessories and lush appointments in these units.
Today Hussain Sajwani has properties all over the Middle East as well as in London and Paris. He has even partnered with Donald Trump by placing Trump golf courses in several DAMAC resorts.
Go to this website: https://ebizine.com/damac-owner-and-uae-billionaire-hussain-sajwani/