UAE national the DAMAC owner Hussain Sajwani is the Chairman of the Board and Founder of DAMAC Properties, a global property development company. Hussain is a graduate of the Univesity of Washington and initially started his entrepreneurial career as a contracts manager with ADNOC subsidiary GASCO. He eventually went on to start his own business in 1982 in the catering industry. Hussain’s catering company continues its success today and today is a leader in its industry, managing more than 200 projects and serving up 150,000 meals every day. Hussain later went on in the 1990s to pioneer property market expansion in Dubai and built a handful of hotels focussed on accommodating entrepreneurs coming to Dubai to do business. It was in 2002 that he was able to identify a key market opportunity and establish DAMAC Properties which has since then become one of the largest companies of its type in the Middle East and a leader in innovative design. DAMAC is currently working on several high profile projects in prestigious cities such as Abu Dhabi, Dubai, Amman, Beirut, Doha, Riyadh, Jeddah and London.
The original concept the DAMAC owner Hussain Sajwani had for DAMAC Properties was to develop properties for the commercial, private and leisure sectors. The company has seen rapid growth and has steadily expanded into Saudi Arabia, North Africa, Lebanon, Qatar and Jordan. The Market Capital of DAMAC Properties is valued at $4.7 billion as of May 2017. DAMAC Properties currently has over 2,000 employees as well as being listed on Dubai’s Financial Market and being the first real estate company from the Middle East to be listed on the London Stock Exchange.
The company has its headquarters in Dubai, UAE and has built its massive success due to its passionate commitment to quality and innovative design. DAMAC Properties and the DAMAC owner Hussain Sajwani is behind some of the most iconic structures in countries such as Qatar, Oman, Saudi Arabia, Joran and the UAE. The company is known for undertaking projects in the most strategic locations and then building structures to the highest quality of specifications. Famous structures developed by DAMAC Properties include Executive Heights in Dubai and Smart Heights in TECOM.