Residential properties in Dubai are developed, to a large extent, by DAMAC Properties. This private business, which was started by Hussain Sajwani, also develops commercial properties. DAMAC also has property in other Arab countries like Saudi Arabia and Lebanon. In Jordan and Qatar, DAMAC has investments.
Hussain Sajwani, through DAMAC Properties, will not only acquire land for clients, he will offer construction and sale deals that help investors avoid the hustle of looking for market for their properties.
The Hussain Sajwani family gives back to the community freely and generously. The recent donation for millions of poor children stood out owing to its reach. Two million dollars was donated to cloth destitute children around the world. Together with Emirates’ ‘Red Crescent’, the clothing campaign has brought in others so that so far AED 120 million has been raised. Learn more about Hussain Sajwani Family: http://www.nbcnews.com/news/world/dubai-billionaire-hussein-sajwani-ready-do-more-deals-trumps-n695566
This philanthropy philosophy is in a way a response to the clarion call made by the Dubai Government for all well to do citizens to help uplift the sufferings of people around the world. Sajwani’s contribution will help cloth over 50,000 children from lowly backgrounds.
Hassan Sajwani Ties to US President
The DAMAC Owner was able to start his business in Dubai after the government there allowed foreigners to have property. Hussain Sajwani’s business sense has enabled him to do business with the well to do entrepreneurs of the world including the current US President.
DAMAC properties built golf courses in Dubai for Trump. The first course was complete in February 2017 and the second one, which was the brain work of Tiger Woods, is scheduled to open around late 2018.
Hussain Sajwani, the Damac Owner, started off in the catering industry. Although he is now invested in the real estate sector, he has kept his investment in the catering business alive and well.
Recently, Hussain Sajwani offered President Trump a $2 billion deal in real estate, which the President could not in good conscience accept. The conflict of interest would have been damaging had the president accepted the deal. Issues of ethics and even abuse of office would have quickly been raised had the President accepted the deal.