Hussain Sajwani wasn’t always the real estate development mogul that he is best known for being today. The CEO and founder of DAMAC Properties first made a name for himself in the food service industry portion of his company. In 1991, he was honored for his efforts in providing food for United States military while they were serving in Iraq during Operation Desert Storm.
Currently, DAMAC Properties is known for their glitzy luxury apartments in the United Arab Emirates that appeal to people who only want the best. With marketing campaigns such as offering a free Bentley with purchase, it’s no wonder why the company is one of the largest real estate developers in the Middle East. According to watanserb.com, even though most of Hussain Sajwani’s current business is with real estate, the food service business of DAMAC is still going strong. It serves as a reminder to Hussain Sajwani as to where he came from in the business world.
DAMAC Properties continues to thrive and is in talks with different institutions to figure out the details of possibly making an IPO. The real estate bubble in the United Arab Emirates may have burst, but Hussain Sajwani and others believe that things are looking up for the industry and property prices will soon be rising considerably. This is great news for DAMAC Properties who are still looking at the possibility of an IPO as a hypothetical plan. Hussain Sajwani is not giving information about how much an IPO of DAMAC Properties could be worth, but some experts in the financial and real estate industries predict that it may have a value in the billions of dollars.
Hussain Sajwani talks fondly about his business relations with the president of the United States, Donald Trump. He recently attended a lavish New Year’s Event with President Trump at his Mar-a-Lago resort. During this event, President Trump personally referenced Hussain Sajwani and his wife as beautiful people. He values his relationship with his fellow developer of real estate and is excited to see their relationship grow even stronger in the coming years. Currently, his oldest children have been taking over for most of Trump’s responsibilities in the family business.