Who is the owner of Damac?
About Damac Properties
Damac Properties is one of the leading property development companies in Dubai, United Arab Emirates. The company was founded by Hussain Sajwani in 2002 and has since become a prominent player in the real estate industry.
Hussain Sajwani – The Founder and Owner of Damac
Hussain Sajwani is an Emirati businessman and the owner of Damac Properties. He was born in Dubai and holds a bachelor’s degree in Economics and Industrial Engineering from the University of Washington, USA.
Sajwani began his career in the finance department of Abu Dhabi Gas Industries before starting his own catering venture in the 1980s. His catering business grew rapidly and became one of the leading companies in its industry.
In 2002, Sajwani established Damac Properties, which has since developed numerous luxury residential and commercial properties in Dubai and other international markets. The company is known for its high-end developments and has collaborated with renowned brands such as Versace, Fendi, and Bugatti.
Damac’s Success and Achievements
Under the leadership of Hussain Sajwani, Damac Properties has achieved significant success and received several prestigious accolades. The company was listed on the Dubai Financial Market in 2015 and has been a publicly traded company since then.
In 2017, Forbes named Hussain Sajwani as one of the richest Arabs in the world. Damac Properties has also been recognized as one of the fastest-growing companies in the region.
Aside from his business ventures, Hussain Sajwani is also involved in various philanthropic activities. He has made significant donations to charitable organizations and initiatives, with a focus on providing education and healthcare support to underprivileged individuals.
- Sajwani has contributed to the “One Million Arab Coders” initiative, which aims to develop digital skills among Arab youth.
- He has also supported the Dubai Future Foundation’s “One Day Clinic” campaign, providing free medical services to those in need.
- Sajwani’s philanthropic efforts extend to the global community as well. He has donated to various humanitarian causes, including relief efforts for natural disasters and initiatives for poverty alleviation.
Hussain Sajwani, the owner of Damac Properties, has played a significant role in shaping the real estate landscape of Dubai. His vision and leadership have made Damac Properties one of the most prestigious property developers in the region. In addition to his business success, Sajwani actively contributes to philanthropic initiatives, demonstrating his commitment to social responsibility.