DAMAC Properties has built a reputation of developing high-end glamorous real estate properties not only in Dubai where it was founded but also across numerous cities in the Middle East and Europe. Under the leadership of its founder, Hussain Sajwani who also serves as the company’s chairman, DAMAC Properties developed and sold glitzy real estate properties in several Middle East cities such as Doha, Riyadh, Beirut and Abu Dhabi among others. It also has properties in London, England. Additionally, the company has expanded its workforce, which currently stands at over 2,000 professionals. As part of its strategic move, Hussain Sajwani has also helped the company list its share at the Dubai financial markets. The unrivalled success of DAMAC Properties especially in overseas properties markets including London has also encouraged Hussain Sajwani to consider listing it shares at the London Stock Exchange through an initial public offering.
High Profile Partnerships
DAMAC Properties has developed a unique network of high profile partners, which it has used to break into in new markets while maintaining its brand image. One such high profile partners is Trump Organization, which is owned by President J. Trump. Through the partnership, Hussain Sajwani has guided DAMAC Properties into collaboration with Trump International Golf Club to developed two Trump-branded gold courses and several high-end villas. One of the golf courses was opened in February 2017; the second designed in collaboration with Tiger Woods will be opened in 2018 while the villas have already been sold for billions of dollars.
DAMAC Properties’ Management
As the chairman of the company he founded in 2002, Hussain Sajwani has used his network, academic background and career experience to guide the company to success. The DAMAC owner is known for his suave financial skills, which have been critical for the success of the company during challenging financial times. The Hussain Sajwani family is known for their strong real estate business interests, which gave him a strong foundation. Mr. Sajwani works with a multi-tiered management team with several vice presidents in charge of several dockets including legal, marketing and corporate communications, information technology, marketing and commercial among others. DAMAC Properties also has a board of directors made of executive and non-executive members.
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