Damac Properties A Luxury Property Developer
Damac Owner is Hussain Ali Habib Sajwani. He runs a real estate firm that has invested significantly in the creation of high-end properties. The company deals with developing residential, commercial and leisure in the Middle East and Dubai. Damac has worked with Tázur Company, Clydesdale Bank apart from working with Trump to open villas abroad. The firm has won construction contracts in constructing Golf Vita residential apartments, The Trump Estates Park Residences, Bait Al Aseel. They have also ventured in locations such as Hong Kong, Singapore guaranteeing collection of popular properties.
Damac Properties was established in 2002 by Sajwani in Dubai, taking the competitive advantage where foreigners were allowed to own property. He then bought pieces of land that he redistributed after constructing various apartments. Since then, he has helped flourish Dubai’s Image such as the launching of Damac Akoya’s development and the Trump Golf Course. Earlier in his career, he worked in the catering industry where he started a food business which runs up to date attracting tourists to its Construction competitor Bechtel.
The Sajwani family has also played a part in the founding of Al Jazeera Service company apart from dealing with the Damac Investments and Holdings. With a net worth of 3.7 billion US Dollars, awarded twice for leading in real estate developments, Sajwani has worked and still works closely with President Trump. Donald Trump is an investor in the real estate industry owning properties from casinos to towers. These two titans in real estate have previously collaborated in creating the 2 billion dollar golf club (Trump International Golf Club).
Hussain Sajwani has told the NBC News channel before that his ties with Trump go beyond his election. This is evident as since their children have grown together. Making its mark on high-end living, Damac properties have been striving to build dream homes and using unique living concepts to serve their customers all over the world. The company owns properties in the United Kingdom, Arabia, Qatar, Jordan, Lebanon to the UAE. They have been exceptional, and this is why they are the leading property developers in the Middle East.
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