Hussain Sajwani is a prominent real estate developer in Dubai. Has become well known for his revolutionary marketing techniques and his prowess as a successful businessman. He is known all throughout the Middle East for his savvy in business.
When he was a young boy in school he worked very long hours for his father who owned a variety store selling pens, shirts, lighters and many other imported items. His long hours after school made Hussain decide that he would never go into business for himself because the hours were too long. He made a vow that he would attend university and get a professional job so he would be able to work regular hours. Learn more: http://www.forbes.com/profile/hussain-sajwani
He attended the University of Washington in the United States and received an engineering degree. He then went back to his home area and worked in the oil and gas industry. After a couple of years, Sajwani started a catering business which ended up feeding the US Army during the two Gulf Wars. That company is still in business and doing well.
When the United Arab Emeritz decided to allow foreigners to settle in the country, it opened up a very good real estate opportunity, and Sajwani took advantage of that opportunity. He formed the DAMAC company which is today one of the largest real estate development companies in the Middle East. As the DAMAC owner, Sajwani has developed over 19,000 apartments and has over 44,000 different units in development in different stages.
One of the ploys that Sajwani used in the early years was to promise a “Bentley for every Apartment,” which certainly got everyone’s attention. Sajwani adheres to sound business practices when setting up his projects. He always pays for the land for his developments in cash. That way he always has his locations guaranteed. He also has separate banking and accounting functions for each project, thus each development stands on its own with no mingling of funds.
Sawwani also includes family members in the business and many members of the Hussain Sajwani family are fully involved in the business. The story of Sajwani’s business history is a fascinating one and well worth reading about. Learn more: https://www.linkedin.com/in/hussainsajwani