Property tycoon named Hussain Sajwani was interviewed by the CNBC recently where he talked about the city of Dubai and how it has actually taken advantage from the turmoil going on in the Middle East. The DAMAC owner, Hussain Sajwani is considered to be one of the biggest real estate developers in Dubai.
Hussain Sajwani does not think that the regional turmoil will have any adverse effect on Dubai. Instead, he believes that it will actually benefit the city of Dubai. Dubai was ranked fifth in the list of most safe cities in the world. This list was given out by the Global Smart City Performance Index. Dubai has always had a reputation for security and safety. When neighboring countries such as Iraq, Egypt, Kuwait, and Lebanon go through turmoil, people go to Dubai to seek safety.
DAMAC Owner Hussain Sajwani is very famous in the Gulf Region because of his ties with the current US President Donald Trump. According to Forbes rankings, Mr. Sajwani currently sits at the 5th spot in the list of richest Arabs in the whole world. He got his education from the University of Washington.
Mr. Sajwani started a catering venture back in the year 1982. DAMAC Properties was founded in 2002. This was the year where he started his real estate empire. This company is a subdivision of the DAMAC Group that was established back in 1992. DAMAC Properties is the first ever company from Dubai to be listed on LSE (London Stock Exchange). The company was listed on DFM in 2015.
This company has successfully completed several projects that include residential, commercial and mixed ones as well. Some of these projects include big names such as DAMAC Hills and AKOYA Oxygen. The DAMAC Hills consists of villas, mansions, apartments, and townhouses. In addition to all that, it includes leisure and entertainment facilities as well. This project was constructed around the Trump International Golf Course. According to Forbes in 2017, DAMAC Properties was on the first spot in the list of fastest growing companies in the world. Connect with Hussain Sajwani on Instagram.
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