He’s a few years younger and calls Dubai rather than the U.S. home. However, the comparisons between DAMAC owner Hussain Sajwani and American Donald Trump are not without merit. Both are men who have made their mark, and both have done so largely within real estate development.
Hussain Sajwani got his first exposure to entrepreneurism early on. His father owned a shop that sold watches and a variety of other imported goods. The future DAMAC owner would follow in his father’s entrepreneurial spirit.
In the early 1980s, Hussain Sajwani started a catering company. This venture, now known as Global Logistics Services, proved quite successful.
In 2002, DAMAC was born. Hussain Sajwani created DAMAC at just the right moment in Dubai’s history as a governmental decree allowed for non-Emiratis to own property. The DAMAC owner saw this as a golden business opportunity.
Hussain Sajwani purchased some land, and this was the location of DAMAC’s first residential building. The 38-story building’s units were all sold within a few months. This was just the start of the success that DAMAC would see–success that has meant Hussain Sajwani having a net worth of approximately $3.8 billion.
DAMAC and Hussin Sajwani have been key in creating Dubai’s image. Part of this have been a couple of business deals with Donald Trump. In 2013, DAMAC and Trump teamed up to develop the Trump International Golf Course Dubai. A second golf course is in the works and is set to open at the end of 2018.
Like Trump, Hussain Sajwani also has family working in his business. Son Ali Sajwani serves as the General Manager of Operations at DAMAC, and he has been hailed as a future star of the Middle East.
With all of his success, Hussain Sajwani has also made a point of giving back to his community. DAMAC is noted for its philanthropic endeavors, including contributions to benefit refugees.