Category Archives: Real Esate

Jose Auriemo Neto brings Parque Cidade Jardim to life

In the world of Brazilian construction and real estate development, no name stands taller than that of Jose Auriemo Neto. As one of the most prominent real estate developers throughout the country of Brazil, Jose Auriemo Neto and his company, JHSF Participacaoes, have been at the forefront of completing some of the most ambitious and important projects in the country’s history.

Among the vast and economy-boosting projects that his company has undertaken, few have risen to the heights of the Parque Cidade Jardim, a sprawling development located in the heart of Sao Paulo. What makes the story of the development of this great addition to the city so incredible is that few people even dreamed that the redevelopment of the land on which the development currently sits would be possible.

In 2004, Auriemo Neto first caught a glimpse of what would become one of the largest real estate developments in the history of the city of Sao Paulo. The large, abandoned property sat adjacent to one of the most highly trafficked highways in the country. This property, measuring more than 100 acres, was filled with slums and abandoned buildings that dated back to the early 1900s.

But as all great real estate developers know, the three most important considerations when assessing any property are location, location and location. And it so happened that, despite its gross dereliction, just vast property was located in one of the most fortuitous places that existed within the city.

Auriemo Neto bought the property on the cheap, promising to erect one of the most impressive developments that existed to date in the city. Ultimately, he delivered with flying colors. Today, Parque Cidade Jardim has nine residential towers, four office towers and a mall with more than 180 stores. It is one of the hottest addresses in the country of Brazil.

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