He is all about shaping the real estate sector by all means. A scion of successful commercial real estate projects, an entrepreneur, and a humble billionaire, Hussain Sajwani has been setting an enchanting trend in Dubai’s real estate market. As he recalls the 2008 crash that destroyed many investors’ lives, he is hesitant but courageous to narrate the ordeal as it was one of the toughest moments in his entrepreneurial life. However, before we discuss the series of events in that year, let us highlight some of the necessary information about this real estate mogul, shall we?
His Early Life
Hussain Sajwani was born to supportive parents in the Middle East. His father was an entrepreneur who worked at his shop. All too often, he supplied products like shirts and stationery to his clients. In fact, he imported these products from China and over time, he garnered vast clients. At the same time, he trained Hussain Sajwani on how to handle clients by putting their needs first. For some time, Sajwani the DAMAC owner worked at the shop. In many occurrences, he rubbed shoulders with entrepreneurs. For that reason, he aspired to be one of them someday. Even so, he still wanted to pursue a formal career. Therefore, he moved to America and joined the Washington University for two courses; one was engineering while the other was economics. As it turned out, both courses were instrumental in his career. Therefore, when he left school, GASCO, a prominent oil and gas manufacturing firm poached him. Later in the years, Hussain Sajwani established a company in food catering and hospitality. Seeing that the company did well by attracting millions of clients, the DAMAC owner invested in a real estate firm called DAMAC Properties.
For years, DAMAC Properties has been providing clients with the top-notch luxury property. With the leadership of Hussain Sajwani, the company has supported many families in terms of job creation. More than that, it has shaped the real estate industry of Dubai. From 2002 when it was established, everything was going on well until in 2008 when the market crashed.
As the DAMAC owner recalls, it was on one busy morning when he realized that his business was crashing and all the clients that invested in him suffered tremendous loss. At the verge of giving up, he remembered the words of his father, Ali Sajwani who always reminded him that in business, there would be loss and profit. None of the two situations should, however, change the perception of an individual. Instead, the two conditions should be used as life’s motivation to improve. True to those words, Sajwani the DAMAC owner reinvented DAMAC Properties and even partnered with President Donald Trump. As we speak, the billionaire has strong entrepreneurial ties with America’s real estate market.