Billionaire Hussein Sajwani is making waves with his company DAMAC Properties and its continuous real estate reign. Although he has been making a series of power moves that have landed him at the top of the industry, including a blossoming partnership with Donald Trump, how Sajwani earned his initial fortune was a far cry from his real estate domination. In the 1980’s, Sajwani made a name for himself in the food industry, offering catering services in Abu Dhabi. The food contracts that Sajwani acquired, supplying energy workers and the US Army during operation Desert Storm, proved to be very lucrative, but Sajwani had his sights on bigger opportunities. He quickly realized that his maximum earning potential in the catering industry would not allow for him to reach the next level; that of a billionaire.
DAMAC Properties has worked with a myriad of companies that have proved exceptionally profitable. Founded in 2002, Hussein Sajwani’s company is mostly associated with luxury real estate cultivation, specializing in several levels of development, including commercial and residential properties. DAMAC Properties is located in Dubai and while they are highly successful regarding real estate development, the company also makes investments in real estate projects. Because non-citizens are allowed to purchase property in Dubai, there was an influx of foreign customers looking to build, and with DAMAC Properties, Sajwani was able to take full advantage of the opportunity.
While realizing his status as a real estate titan, Sajwani developed several high-profile business relationships, most recently connecting with Donald Trump. The Trump International Golf Club is one of Sajwani and Trump’s most successful joint ventures, accruing billions in sales. Sajwani addressed the prospect of continuing his partnership with Donald Trump amid questions concerning Trump’s political obligations as President of the United States. He implicated that his relationship with the Trumps extended beyond Donald, alluding to the possibility of future collaborative endeavors between the two parties. While Hussein Sajwani still owns the food company that set the foundation for his empire, today he continues to build upon his resume as a real estate powerhouse.