The Success Story of Hussain Sajwani: From Humble Beginnings to Real Estate Mogul

The Success Story of Hussain Sajwani: From Humble Beginnings to Real Estate Mogul

Hussain Sajwani is an Emirati billionaire businessman who founded DAMAC Properties, a property development company, and DAMAC Group, his private investment company. According to Forbes, Hussain Sajwani is one of the richest Arabs as of July 2022, with a net worth of $2.7 billion.

His journey from a modest beginning to becoming a self-made billionaire is a narrative of relentless ambition, strategic foresight, and an unwavering commitment to excellence. Sajwani's story is about more than just building structures; it's about dreaming big, creating destiny, and inspiring a new generation of entrepreneurs. As we explore into this visionary's life and legacy, we discover the blueprint for his success, the foundations of his empire, and the everlasting impression he has made on the real estate industry and beyond.

Hussain Sajwani Business Ventures

  • DAMAC Properties
  • DAMAC Group
  • Global Logistics Services
  • DAMAC Maison Hotels & Resorts
  • Roberto Cavalli
  • De Grisogono

Early Beginnings of Hussain Sajwani

Sajwani was born in 1954 to a middle-class family in the United Arab Emirates, and his entrepreneurial spirit was clear from a young age. Hussain's father owned a watch shop, and he frequently helped out, learning about the company. Hussain Sajwani's first foray into business ignited a passion, setting him on a path to incredible success. After earning an economics degree from the University of Washington, Sajwani began his professional career. He started his career as a Contracts Manager at GASCO, which is part of the Abu Dhabi National Oil Company. However, it was not long before he realized his actual calling was entrepreneurship.

The Rise of DAMAC Properties

Hussain Sajwani started his own catering business in 1982, and it immediately became well-known for its quality and service. The corporation served high-profile clients such as the United States military and Bechtel, a construction powerhouse. This investment served as a foundation for Sajwani's future real estate efforts.

The major turning point came in 2001 when Dubai empowered international property ownership. Hussain Sajwani identified a golden opportunity and established DAMAC Properties in 2002. The company began by developing small hotels and residential structures, but it quickly expanded into luxury complexes and notable monuments.

DAMAC Properties quickly became noticed with elegance and innovation, with developments in key locations including Dubai, Riyadh, London, and Miami. The company's success is clear in the numbers: it has completed over 39,400 homes and has around 28,000 more in various stages of development.

Leader in Luxury Living

Under Sajwani's leadership, DAMAC Properties has transformed into luxury living. To offer one-of-a-kind living experiences, the company cooperated with well-known companies such as Versace Home, Fendi Casa, and Paramount Hotels and Resorts. One of its most prominent projects is the premium DAMAC Towers Nine Elms in London, which features Versace-designed interiors.

Sajwani's ventures go beyond real estate. He has made large investments in several industries, including luxury apparel, hospitality, and production, through his investment firm, The DICO Group. The group's recent acquisition of the Italian fashion house Roberto Cavalli demonstrates Sajwani's ambition to bring luxury and style to all aspects of life.

Philanthropic Vision

Hussain Sajwani, through the DAMAC Foundation, has made significant contributions to this initiative, which aims to equip young Arabs with essential coding skills. The program offers free training in various programming languages and has a transformative impact on participants by enhancing their employability and fostering innovation in the Arab world.

Sajwani has supported various educational institutions and programs, such as the American University in Dubai, where he has funded scholarships and other educational initiatives to help students achieve their academic goals.

Sajwani's philanthropic efforts extend to supporting healthcare initiatives and social services that aim to improve the quality of life for underserved communities. This includes funding for hospitals, clinics, and health campaigns that address critical health issues.

Legacy of Success

Hussain Sajwani is no longer just a name; it is a brand that embodies ambition, creativity, and elegance. His rise from a young lad in a watch business to a global real estate billionaire inspires ambitious entrepreneurs all around the world. Sajwani's tale demonstrates that with vision, determination, and a commitment to excellence, anything is achievable. As DAMAC Properties expands its global impact, Sajwani's legacy grows stronger. His contributions to the real estate sector, as well as his humanitarian endeavors, have gained him recognition as one of today's most prominent and recognized corporate executives. Hussain Sajwani's journey demonstrates that with hard work and determination, even the most ambitious ambitions can become a reality.

Hussain Sajwani Net Worth Growth 

Hussain Sajwani is ranked among the top richest Arabs with a net worth of US$2.7 billion. 

Business Awards and Recognitions

Arabian Business Achievement Awards: Hussain Sajwani has been consistently recognized in Arabian Business's "100 Most Powerful Arabs" list, highlighting his influence and success in the business world.

Real Estate Awards: Under his leadership, DAMAC Properties has won numerous awards, including the "Best International Residential High-Rise Development" for the DAMAC Tower in Nine Elms, London, at the International Property Awards.

EY Entrepreneur of the Year Award: Sajwani was named "EY Entrepreneur of the Year" in the UAE in 2017, recognizing his exceptional vision and leadership in business.

Real Estate Leadership: Through DAMAC Properties, Sajwani has played a pivotal role in shaping the luxury real estate market in the Middle East, delivering high-end residential, commercial, and leisure properties.

DAMAC Properties Major Projects

DAMAC Properties is a leading luxury real estate developer in the Middle East, known for its high-end residential, commercial, and leisure properties. Founded in 2002 by Hussain Sajwani, the company has delivered several landmark projects in Dubai and other parts of the region. Here's an overview of some of DAMAC Properties' notable projects:


DAMAC Hills is a sprawling community offering villas, townhouses, and apartments. It features the Trump International Golf Club Dubai, lush green spaces, and a variety of amenities such as schools, healthcare centers, and retail outlets.

DAMAC Hills 2 (formerly AKOYA)

Dubailand, Dubai

This Project is a master-planned community with a focus on greenery and outdoor living. It includes themed areas like the Water Town, Sports Town, and Downtown, along with residential units ranging from villas to apartments.

Dubai Marina, Dubai

A luxury residential tower designed in collaboration with the iconic fashion brand Roberto Cavalli. The project features stunning interiors, private pools, and high-end amenities.

DAMAC Executive Heights

It is a modern office building offering flexible office spaces, state-of-the-art facilities, and a strategic location with easy access to major highways and public transportation.

DAMAC Business Tower

Executive Heights is a contemporary office tower designed to cater to the needs of modern businesses. It provides premium office spaces with advanced infrastructure and a range of amenities.

DAMAC Maison

DAMAC Maison is a collection of serviced hotel apartments offering luxury living with hotel-like services. These properties are designed for both short-term and long-term stays, providing residents with comfort and convenience.

DAMAC Tower Nine Elms London

It is a landmark residential tower in one of London’s most sought-after areas. The project features interiors by Versace Home and offers a range of luxury apartments with stunning views of the River Thames.

The Heights at DAMAC Hills

A luxury residential development featuring villas and apartments, designed to offer a high standard of living with premium amenities and a focus on community living.

Unique and Branded Developments

DAMAC Hills 2, Dubai

Description: Villas designed by the renowned fashion house Roberto Cavalli, offering unique and bold interiors that reflect the brand’s distinctive style.

Trump Estates

DAMAC Hills, Dubai

Ultra-luxury villas and mansions are set within the Trump International Golf Club Dubai. These properties offer exquisite design, spacious layouts, and top-of-the-line amenities.

  • 24 June 2024

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