The real estate scene in Dubai is famous across the globe for its skyscrapers. The boom in the real estate scene of UAE came when the government passed a decree that allowed foreigners to buy land in the country. As the government was encouraging of the booming real estate development that was taking place across the nation, many real estate firms emerged. One of the real estate firms that managed to become one of the pioneers during this time is DAMAC Properties, founded and owned by Hussain Sajwani.
DAMAC owner Hussain Sajwani comes from a humble background and as per his parents always had the entrepreneurial spirit in him. Even though his father owned a watch business, he always wanted to do something of his own. He went to the United States soon after completing his schooling to join college and complete graduation. He studied economics and industrial engineering from the Washington University. Even though he did a couple of jobs after completing his studies, Hussain Sajwani was never interested in doing a job, and thus, he soon left to start his own catering company. The catering company that Hussain Sajwani started was named Al Jazeera Services, and it went on to be highly successful bagging contracts from some of the leading companies in the country. DAMAC owner Hussain Sajwani is an opportunist and looking at the opportunity that the real estate business in Dubai presented, he moved back to his homeland and invested in purchasing an estate in the suburbs of the Dubai city. Hussain Sajwani knew that there is a market for luxury residential and thus, he designed a luxury residential project that he managed to sell within a week before even the project went into construction.
DAMAC owner Hussain Sajwani believes that they are in an era where they cannot ignore the importance of digitalization in every part of our lives, and it is why it is essential for the growth of any country. He sponsors the One Million Arab Coders initiative that was launched by the UAE Vice President, Prime Minister and the Ruler of Dubai that would promote youngsters to learn coding and programming that is a necessity for the future of the country.
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