Few luxury real estate developers can have the impressive history of the DAMAC owner Hussain Sajwani. Unlike many of his contemporaries, Sajwani was born into a traditional working-class family in the UAE with a watch selling father who enlisted the help of his son to help boost sales. With the aid of an entrepreneurial spirit and the ability to work harder than his rivals, Sajwani has become the leading luxury real estate developer in the Middle East with a business empire taking in many different sectors.
The business empire of the University of Washington graduate was born when Sajwani was working as a contract’s executive with the Abu Dhabi Oil and Gas Corporation. Upon visiting the oil fields of the region, the DAMAC owner noticed there were no catering services for workers to enjoy and decided to enter the market himself. Success was almost instant, but the desire to work for himself was a difficult path for the DAMAC owner to set out on after so many years aiming at a job in the oil and gas sector.
Hussain Sajwani had spent much of his time exploring the options open to his catering business and would eventually find opportunities in the luxury real estate sector. In the early years of the 21st-century, Dubai opened up its real estate markets to allow any individual from across the world to purchase land in the desert state. The DAMAC owner had spent much of the previous decade calling for such a move to be undertaken to allow a greater level of success in his business career than he had achieved in the past.
DAMAC owner Hussain Sajwani based his early real estate options on the development of parts of Dubai he believed had been ignored over the last few decades. At his DAVOS appearance, Hussain Sajwani stated he feared flooding Dubai with too many luxury units and set his sights on dominating the global luxury real estate markets. The first step is a gateway to Europe which will be the completion of the Versace-partnered AYKPN One building in the heart if the U.K capital, London.