Dubai is one of the world’s most extravagant cities today filled with exotic vacation destinations and sights to see in the city that cannot be summed up in only a few pages. It wasn’t always like that, but thanks to the dreams of people like DAMAC owner Hussain Sajwani, the city exploded with investments and became the gem of the Arabian peninsula. Read more: Hussain Sajwani | Facebook and Hussain Sajwani | Forbes
Sajwani was honored for his work at the Arabian Business Awards event at the Ritz-Carlton, DIFC earlier this month along with other moguls like Dubai Properties, Wasl and MAG. Sajwani took home the title of “Real Estate Legend” due to his resume building billions worth in properties including the latest AYKON City project and the Trump Estates at DAMAC Hills.
The Hussain Sajwani family is quite well-known everywhere you go in Dubai, and right on the bank’s of the canal running through the city you can see DAMAC Tower and the DAMAC Maison establishment which are their signatures on the city.
But it all started when Sajwani decided to start a catering business. He had grown up the son of a general supplies merchant, attended university in the US and served a few years at the Abu Dhabi National Oil Company. But his catering business was the first time he had really started something from the ground up and built it into a worldwide network.
It was through running this company that he became exposed to the lucrative earnings that could be had in real estate, and it ultimately led to him becoming DAMAC owner. But the catering company is still run at his properties to this day.
Hussain Sajwani’s property list includes Marina Terrace, the first property he ever developed, the Park Towers at DIFC, DAMAC Towers located both in Dubai and Beirut, AKOYA Oxygen which was renamed DAMAC Hills, and AYKON which has its clubs and retail zones in Dubai as well as a London location.
He has future plans for developments in the UK and also in Maldives. Sajwani has had several public offerings for DAMAC stock on both the London and Muscat Stock Exchanges, and now he’s considering selling some of his shares though he hasn’t given an amount yet.