DAMAC Properties is a world-renowned real estate development company with headquarters in Dubai, UAE. The real estate company was initiated in 2002 by Billionaire Hussain Sajwani, who previously owned DAMAC Group.
DAMAC Properties is so huge that it is the first real estate company from the Middle East to be enlisted on the London Stock Exchange. The company was also listed on the Dubai Financial Market. As of 2016, the company had revenue of over $1.9 billion
Since it was created, DAMAC Properties has created a very impressive portfolio. It has created about 20,230 luxury property units and is in the process of developing another 44, 000 units. Most of the projects are in the Middle East. There are projects in Dubai, Abu Dhabi, Qatar, Lebanon, UK and Jordan among others.
DAMAC Properties has two major developments projects going on in Dubai which cover over 100 million square feet. The first project is the DAMAC Hills which incorporates a Trump International Golf Club and Beverly Hills style of living. The second project is known as AKOYA Oxygen which also incorporates a world-class golf course. The projects will include top-class dining and entertainment destinations.
DAMAC Properties has a portfolio composed of world-class hotels and restaurants. They even have a branch that handles hospitality developments. Currently, they employ over 200 people who work directly for the company.
About Hussain Sajwani
The astuteness of Hussain Sajwani when it comes to business is phenomenal. Very few people manage to build such as world-class business as Sajwani has. His entrepreneurial skills are unmatched. Currently, he is the most influential Arab in the real estate sector in the whole world. The 65-year old billionaire is worth about $4.2 billion.
Hussain Sajwani holds a degree in Industrial Engineering and Economics from the University of Washington. He started his career by working for GASCO as a manager before venturing into his own business in 1982.
Hussain Sajwani is now partnering with President Trump, in development of real estate business. Although Trump is not actively involved in the business now that he is the president, his children have taken over the management of his business.