During the 2013 Ramadan Holy month, Hussain Sajwani and his real estate company, Damac Properties, contributed AED two million to a movement aiming to provide clothes to less fortunate children around the globe. The campaign was under the initiation of His Highness Sheikh Mohammed bin Rashid Al Maktoum, who serves as the prime minister and vice president of United Arab Emirates, and Ruler of Dubai.
Hussain’s donation was sufficient to clothe more than 50,000 children with warm and decent attires. He stated that it is imperative to reach out to the younger generation and help them in creating a better future. Hussain explained that children are our only future. Damac engages in serial humanitarian endeavors under the governing of His Highness Sheikh Mohammed, especially during the Holy month.
Hussain Sajwani’s role as CEO of Damac has enabled the completion of more than 10,000 properties since its inception in 2002. Damac is a Dubai-based real estate development and commercial firm that specializes in the establishment of residential, leisure and commercial structures.
Through the exceptional work of its contractors, designers, and management, Damac has additional regional offices in Qatar, North Africa, Saudi Arabia, Jordan, and Lebanon. In 2016, the world knew of the longstanding and formidable relationship between Damac Properties and the Trump Organization.
The two firms have set up world-class projects including sophisticated apartments and a golf course. During Trump’s New Year celebrations, he stated that his family and the Hussain Sajwani family have ties that are not only professional but personal.
Hussain Sajwani admires the Trump’s family culture of business and revealed that he is excited to make new real estate dealings with the organization.
The Damac owner was born in 1956 in Dubai and earned a bachelor’s degree in industrial engineering and economics from the Seattle institution, University of Washington. In 1981, he joined an Abu Dhabi National Oil firm to work as a contracts manager. In 1982, he started a catering enterprise that served US troops deployed in different areas around the globe.
Hussain established an investment firm in 1992 and later transitioned to real estate when he built four hotels in Deira. After setting up Damac in 2002, he acquired 40 percent of Al Ahlia Insurance firm. During the 2008 real estate plunge, Hussain redrafted his business strategy and soon recovered with the support of the company’s savings.
Hussain has many business contracts with interior designers, such as Versace, that collaborated with him to construct a tower in Lebanon. Hussain is an outgoing person who likes to eat out and enjoys frequenting the Salmontini restaurant.
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