Hussain Sajwani: Seizing Opportunity

The path of DAMAC owner Hussain Sajwani has been one of seizing opportunity. That was certainly true when he founded DAMAC in 2002, and it was true as well earlier in his career.

Hussain Sajwani grew up in a middle class family in Dubai, and he went to university in the United States. He was one of the first students who received a government scholarship to pursue an education in the U.S.

After obtaining bachelor’s degree in Industrial Engineering and Economics from the University of Washington, he returned to the Middle East. Once there, he started his career in the finance department of Abu Dhabi Gas Industries; two years later, however, he seized the opportunity to start his own business–a food services company that landed contracts with some major clients. Learn more about DAMAC owner: http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566 and http://www.hussainsajwani.com/

In 2001 and 2002, some changes to property laws in Dubai were made. These opened up property ownership to foreigners. This presented an ideal opportunity for Hussain Sajwani, and so the property development company DAMAC was born.

Hussain Sajwani viewed non-emiratis as his primary clients for the projects that DAMAC would undertake. That included the very first project the newly minted company would undertake, which was a high-rise apartment building that was built in what was then an underdeveloped part of Dubai. Read more: Hussain Sajwani | Twitter and Hussain Ali Habib Sajwani | Bloomberg

Since that first residential project, DAMAC has undertaken a number of residential, commercial, and mixed-use projects. These have ranged from hotels to luxury master developments. It has grown into one of the largest and most noted property development companies in the Middle East.

This business success has made Hussain a wealthy man. His net worth is approximately $3.8 billion.

With all of the success that he has enjoyed, Hussain Sajwani has seized the opportunity to give back. He and his company have helped various charitable causes in the Middle East.

Among these was an AED 1 million that was donated to the Red Crescent to help refugees.