Hussain Sajwani grew up in an entrepreneurial family in Dubai as his father was the owner of a variety store that sold Parker Pens, office supplies, and Chinese imports. Hussain helped in the business by working after school, sometimes putting in long days into the evenings.
Hussain knew then that he would probably not be going into business for himself because the hours were too long. He thought he would rather be a professional with a degree so he could work shorter hours.
When he graduated from the University of Washington in the United States with a degree in engineering, he saw his wishes coming true. He started working for an oil company back in Dubai until he seized an opportunity to start a catering company which served the US Army during the Gulf Wars in Kuwait and Iraq, He was very successful at that venture and the company is still in business at the present time.
When the UAE made the momentous decision to allow foreigners to immigrate into the country it sparked the idea with Hussain that a real estate boom was about to happen. In 2002, he started the company DAMAK, Properties, a move that was to enrich the Hussain Sajwani family forever. As Damak owner, Sajwani began in earnest to grow his business.
Hussain is well-known for his marketing abilities and business skills. His first project actually was all sold out prior to any construction taking place. A lot of that was due to Sajwani’s aggressive marketing. Everywhere anyone went they say a DAMAC advertising sign with catchy slogans such as “A New Bently With Each Apartment.”
Sajwani was very shrewd with his conservative business practices too. He always pays cash in advance for the purchase of his land. That way he owns the foundation of the whole enterprise and there can be no foreclosure. The rest of the process is financed very little, if at all. He takes a personal interest in each detail of his luxurious apartments and resorts, so by now they are in great demand.
To date the DAMAC owner has completed 19,000 apartments with another 44,000 in differing stages of development. In 2015, DAMAC was listed on the Dubai Financial Marketplace.