The founder of the Damac Properties Hussain Sajwani, owns residential real estates, leisure and commercial property that are located in Dubai. The investments were started in 2002 when the Dubai government had granted incentives to individuals who were willing to invest in the country.
Foreigners were also allowed to take advantage of these incentives, and they could own property in the Emirates. He saw a gap that he could fill and enjoy a monopoly as a businessman. He foresaw that the foreigners were going to be buyers of property.
Damac Properties bought land in parts of the town that were not yet developed. Hussain built house units and sold his first 38-storey building in a span of 6 months. His work in real estates and property development made Dubai a safe destination for tourists and investors. The real estate mogul Donald Trump came to the country to invest too. As the president of the USA now, he is a good friend of Hussain Sajwani family and they are business partners.
They partnered in 2013 and were able to open golf courses in Dubai that were branded in Trump’s name, and they have been successful since they were opened. It is the Trump International Golf Course that was opened this year in Akoya sector.
There are plans to widen the golf course investment by opening other courses that will also be designed by Tiger Woods. The opening will be in 2018, and the US president has been praising Sajwani as a fantastic business partner.
DAMAC Owner has also got into the food industry, attracting clients from the US military and Bechtel. The Damac conglomerate has widened their boundaries and gone to other promising countries.
They are now in Jordan, North Africa, Lebanon, Qatar and Saudi Arabia. With the experience of more than ten years, they have a clearer vision of business and can manage large markets and projects. They can legally acquire land and look for architects and designers who are qualified.
Damac Properties is generous and love giving back to the society. They have continuously helped individuals in need of clothes in the world. They dream of having the world population living in right conditions with an improved quality of life and expectancy.
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