DAMAC Properties was founded in 2002 by one of Dubai’s most prominent Real Estate investors, Hussain Sajwani. He started off his career in a gas and oil company in Abu Dhabi before switching to become a business owner. His catering venture is still in business serving over 150,000 meals daily to military and construction workers. Hussain got into the properties industry in 1995 when he realized that most people coming into the country to trade did not have accommodation and therefore resolved to build units to shelter these people.
In 2002, Hussain Sajwani officially opened DAMAC properties, a company that has been dealing with glitzy properties ever since. It has expanded its services into cities like Doha, Qatar, and Lebanon with its headquarters in Dubai. DAMAC has successfully delivered about 20,000 homes with full portfolios and has around 44,000 unfinished projects that it’s working on. Hussain Sajwani has partnered with Trump in creating one of the biggest golf courses in Dubai, the Trump Golf Course sitting on 42 million square feet. Despite uproars by the public resulting from Trump’s business deals while in Office, the two real estate giants will keep doing business together, but instead of directly getting to the POTUS, Hussain Sajwani, the DAMAC owner, will be working with Trump’s sons and his wife who are actively involved in the family businesses.
DAMAC Properties has a reputation for marketing its products in the most flamboyant ways, offering apartment buyers Lamborghinis. This has been made possible by the brands Hussain Sajwani has chosen to work with like Bugatti. Also, the company has partnered with brands like Tiger Woods to get new designs for the golf course; Fashion houses like Fendi Casa and Versace as well as prestigious hotels and villas.
DAMAC launched its hospitality section, DAMAC Maison to provide services to people living in the serviced hotel apartments, earning it a position in the world’s biggest developers of its time. During Ramadhan, Hussain donated AED 2 Million to aid in the campaign for needy children pioneered by Sheikh Mohammed Bin Rashid. In his opinion, children need a stable ground to start their lives because they are the future of society.