The luxury real estate developer, Hussain Sajwani has been building his success across the Middle East since the early 1980s when decided the daily grind of working as a financial expert with the Abu Dhabi Oil and Gas Exploration Corporation was not his ultimate goal in life. Hussain Sajwani began looking for ways to extend the reach of his entrepreneurial skills and looking for new ways of developing varied business interests including the creation of a food services company. Initially, the food services company developed by Hussain Sajwani was solely focused on providing meals for workers within the oil and gas industry but later expanded into working with the U.S. military.
DAMAC Properties was eventually born in 2002 when the UAE Government changed the rules regarding ownership of property by foreign nationals within Dubai and Hussain Sajwani identified this as a major group for sales in the future. Sajwani would develop his career as a luxury real estate developer by taking advantage of the changing face of the community within the United Arab Emirates which included the arrival of many tourists and visitors from various countries; Hussain Sajwani would become known for the impressive nature of his marketing techniques which included giving a free luxury Bentley car to the purchaser of each unit in his properties.
In a bid to extend the reach of DAMAC Properties, Hussain Sajwani took his brand to the London Stock Exchange in 2013 which raised an impressive $379 million to allow the company to increase the number of developments it was taking part in. Hussain Sajwani later shifted the stock focus of the DAMAC brand to the Dubai Stock Exchange which allowed the group to become more profitable than ever before. The success achieved in the last few years has been highlighted by the sheer volume of properties being created by DAMAC Properties; the initial decade of success for Hussain Sajwani saw the development of more than 19,000 properties and has been followed in 2017 by the planned construction of more than 40,000 properties under the leadership of Hussain Sajwani.
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