Hussain Sajwani Wins Award At The Gulf Business Awards

Hussain Sajwani, a United Arab Emirates native, first became an entrepreneur in 1982. It was in that year that he established Global Logistics Services which is now a multinational catering operation that provides meals to people working at large construction projects, military bases, hospitals, and the like. He is most well-known for DAMAC Properties which is his real estate development firm. He is this firm’s chief executive officer and chairman of the board of developers. He started this firm in 2002 when he saw a huge opportunity as the UAE started to allow foreigners to buy property in that country.

According to CNBC, DAMAC Properties now has real estate developments in most of the major cities of the Middle East. Hussain Sajwani only develops luxury properties. One of his company’s developments is The Park which is a collection of townhouses. It sits right on Trump International Golf Club Dubai. DAMAC Properties partnered with the Trump Organization on this project. The Trump Organization manages the 18-hole golf course while DAMAC Properties builds and sells the townhouses. Other properties Hussain Sajwani has built include Fiora at Golf Verde, the Radisson Dubai DAMAC Hills, and Reva Heights.

Looking to further expand DAMAC Properties and to diversify its holdings, Hussain Sajwani has started to look outside the Middle East in recent years. The first city he expanded to in Europe was London. He built a residential tower there and said that he might build more as Brexit will make property there cheaper to buy. He is also investigating opportunities in other major European cities such as Paris and Berlin. Asia and North America also present opportunities, Hussain Sajwani says. He is especially looking at China due to their large and growing middle class.

The Gulf Business Awards gala was held on September 11, 2018. This annual gala honors the Middle East’s top business leaders. This year it was held at Dubai’s Oberoi Hotel and 21 awards in total were given away. The winners of each award were determined by an independent panel of judges. Hussain Sajwani and DAMAC Properties won one of these awards. The award was for excelling in the field of real estate.

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