Property Manager Hussain Sajwani
Of late there have been many concerns about the stagnant and slumping of Dubai’s residential rents and prices in its real estate industry. With all these, one man has been left smiling due to its success in the market. During the campaign period that led to the historic election win for Trump, Hussain Sajwani was acknowledged as the newest billionaire in Dubai. The fortunes of Damac and Sajwani grew gradually from the time the company decided to develop its first golf club. This golf club was associated with the organization of Trump. Damac’s share index in the Dubai Financial Market has been going up from to Dhs 3.4 by December from Dhs2.69 in January. In addition to this, the net worth of Hussain has also risen steadily to $4.3 billion from $3.7 billion within the last six months. The main offices of Damac are in Barsha Height. According to Hussain, 2017 was a very successful year for the company, and the chairman confirms that the company will exceed its levels as well as go past its targets for sales and handover at the end of 2017.
Hussain Sajwani (@hussainsajwani) is very optimistic about the turnarounds that are taking place in his company. Then a businessman working in the catering industry, Sajwani founded Demac properties. By this time, Hussain saw an investment opportunity when Dubai opened its real estate market to the foreigners and then he thought of establishing his own company. From the time the Damac properties was created, it has concentrated its energies in delivery. Follow him on Facebook.
Hussain Sajwani attended the University of Washington where he received his degree. He served as a contract manager at GASCO which is a subsidiary of Abu Dhabi National Oil (ADNOC). He moved from GASCO after a short period thereafter coming up with his own company in 1982 and the catering venture. The catering organization grew progressively into becoming one of the topmost in its industry. Presently, the catering firm manages more than 200 projects as well as serving more than 150,000 meals on a daily basis in various markets in the Middle East. Hussain Sajwani’s knowledge and experience in the field of property management have been the major contributor to Damac’s success.
The full details about Sajwani: http://www.awaan.ae/