Hussain Sajwani: From Middle Class to Multi-Billionaire

DAMAC owner Sajwani’s story is one of extreme financial success. What makes him unique is not just that he skyrocketed to multi-billionaire standing but that he did so without having come from an affluent background.

While the future DAMAC owner was exposed to the ins-and-outs of business ownership early on since his father was a shop owner, his family’s background was such that this did not indicate that he would go on to be a business mogul.

His upbringing was a middle class one, and he went to the United States to study on a scholarship from the government of Dubai.

After graduating from college, the first job that Hussain Sajwani held was fairly middle class; he worked in the finance department of Abu Dhabi Gas Industries. However, the next step that he took helped to set him on the path of the sort of success that very few ever achieve.

Hussain Sajwani spent two years working at his job in the finance department, but he had an entrepreneurial drive that made him want to strike out on his own. In 1983, he started a food services company; this proved to be a successful venture.

If Hussain Sajwani had merely continued with the food services company, which is now known as Global Logistics Services, he would have been considered a successful businessman. However, there would be more. There would be DAMAC.

In 2002, Hussain Sajwani founded DAMAC Properties on the heels of a change in Dubai’s property laws. This change opened up the property market in the emirate to foreign buyers, and this opened up opportunities for Hussain Sajwani’s new property development company. Read more: Hussain Sajwani | Crunchbase and Hussain Sajwani | Facebook

DAMAC would prove an incredibly successful venture for Hussain Sajwani. During just a few years, the company expanded into being the largest and most influential in Dubai, and it has also grown into a powerhouse within the world of Middle Eastern property development–shaping the built landscape with master communities, hotels, two Trump-branded golf courses, luxury high-rise apartments, and more.

Today, Hussain Sajwani is one of the 10 richest Arabs. His net worth is about $3.8 billion

Learn more about Hussain Sajwani:

http://www.hoteliermiddleeast.com/23813-the-rise-and-rise-of-damac/
https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board

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