Hussain Sajwani is one the world’s most prolific real estate developers. He was raised at a young age by his father to become an entrepreneur. His life would get a jump start when he become one of the first study abroad students for the United States, where he ultimately graduated from the University of Washington. By 2002, Hussain Sajwani had founded DAMAC Properties to tap into the potential real estate market of the middle east. In a recent interview on the website Albawaba, DAMAC owner Hussain Sajwani talks about the approach he his taken to his business.
The interview begins with Hussain Sajwani discussing how despite the start strong start, the late 2000s global recession hit DAMAC Properties very hard. However, his business foresight helped him avoid the worst of the market crash. Through 2013, DAMAC Properties would pick up the pieces and get the momentum going again. DAMAC Properties soon went on to team up with future U.S. President Donald Trump and create their first golf club. The company is currently doing better than ever before and maintains a strong position in the stock exchange.
In addition to domestic projects in the Dubai region, DAMAC owner Hussain Sajwani looks at the region as a whole and the international market for opportunities. He goes on to describes he has completed 40,000 units in the United Arab Emirates, and how he has a team in place for a 50 story building in London. The expansion of DAMAC Properties projects across the world is only gaining more and more traction. Hussain Sajwani sees potential in many places.
DAMAC owner Hussain Sajwani has weathered several ups and downs, but his strong position Dubai Financial Market makes him a force to watched in the real estate world. He recently became the richest new billionaire in the region. As DAMAC Properties grows, more projects will present themselves. There is no doubt he has played a major role in shaping the modern scene in the middle east.
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