For the past 24 months, DAMAC Properties has shown unparalleled growth. This growth ranking is according to Forbes last year. The growth is from the study of the company’s progression between 2013 and 2016. The study also ranked the DAMAC Properties owner as one of the top richest Arabs. Specifically, Hussain Sajwani is among the wealthiest individuals in the Arab world. The USA educated (University of Washington graduate) investor has taken one of the fastest growing industry, (real estate, and property development) as an investment route. For the last sixteen years, Hussain Sajwani has led the company to a path of significant business and growth. The company is one of the most successful business ventures in UAE.
Hussain Sajwani life has been a life of hard work, determination, and self-discipline. For the 37 years, he has been charge of different companies, serving in various capacities. The initial venture of Hussain Sajwani, however, was in the hospitality sector. However, he previously worked at a finance department in a gas company. The father of four is now a recipient of three awards; all won in the past 24 months. These awards include recognition of his efforts in the Real Estate business in UAE, CEO of the year (in property industry) and an appreciation of his hospitality venture.
He is more famous for his role in the growth of DAMAC Properties than in hospitality ventures. According to albayan.ae, the multi-functional company has been an ideal partner for more than 20,000 entities. Currently, the company has built over 40,000 units. DAMAC Properties under the watch of Hussain Sajwani has worked for both clients that are more prominent and relatively smaller entities. The quality of the property developed by the company has been termed as a trendsetter. The diversification explains the reason why the company has been moving to markets that are more competitive. These markets include the London real estate market and other Middle East markets.
Currently, Hussain Sajwani’s company is a public traded company. Going public has not only improved the company’s efficiency but has made the company expand more but also be a home for many employees. Hussain Sajwani strong work ethics and bigger vision are evident in DAMAC Properties.
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