Hussain Sajwani is listed as the fourth richest entrepreneur in the Middle East. Most of his wealth can be linked to the operations of DAMAC Properties which he created in 2002. DAMAC Owner was born and raised in the Middle East. However, he later moved to the US in pursuit of upper education. He joined the University of Washington where he graduated with a degree in economics and engineering. After completing the studies, he moved back to Emirati where he served as the manager of GASCO which is a subsidiary of the national oil company. After some years, he quit his job and ventured into the hotel and catering industry. He created the Global Logistic Ventures. Based on his contribution in different organizations,. He is defined as being a transformative and committed person.
The Operations of DAMAC Properties
Since the creation of the group in 2002, DAMAC Owner has overseen the delivery of quality products and services. The group has delivered more than 20, 000 units with more than 40 units being under construction. The operations of the group are mainly in the luxury real estate sector and are located in major global destinations such as Lebanon, London, Qatar and Dubai. Moreover, the products are high end and come with financing options. Hussain Sajwani has created an organizational culture that is centered on meeting the needs of the clients and conforming to the ongoing market trends.
The organization is keen on engaging the services of award winning designers and architects. It is worth noting that the clients have different properties to choose from. Available options include hotel rooms, hotel villas and hotel apartments. On the other hand, there is the option of either commercial or residential properties. The products are situated in different parts of the globe and offer the investors huge returns in term of rent and resale value. The success of the group can be attributed to the positive organizational culture by the leaders. They are keen on ensuring the customers and staffs are included in making of critical decisions. There is also the incorporation of competitive technologies in the projects.
From this source: https://www.alaraby.co.uk/economy/2017/7/11/