Hussain Sajwani Real Estate Dealings

The high profile, Dubai based real estate mogul, Hussain Sajwani is one of the most respected and wealthiest real estate developers in the world. Latest figures released by Forbes Magazine put his net worth close to $4 billion. His principal investment includes DAMAC Properties established in 2002. The company prides itself in being the largest private luxury real estate developer in the Middle East. Sajwani began his business sojourn many years ago as food service vendor and within a short time-frame, he began attracting big clients like Betchel, a huge consortium with an interest in military and construction. In 2013, Sajwani famously entered into a business deal with Donald Trump, an outspoken billionaire investor at the time to develop two Trump branded International Golf Courses.

 

These are The Trump World Golf Course and Trump International Golf Course Dubai. The latter opened its doors in 2017 and is located at Damac’s Akoya residential development, while the former is slated for opening in 2018. The relationship between President Trump and Hussain Sajwani can be described as highly cordial and constructive. During a press briefing held soon after he was elected President, Trump described Mr. Sajwani as a very amazing man. The pronouncement came after he turned down a lucrative $2 billion real estate deal offered him to avoid conflicting discernment. Hussain Sajwani family and the Trump’s, including daughter Ivanka and son’s Eric and Donald Junior have good business relationship that dates back several years.

 

Sajwani is also deeply involved in philanthropy. According to Alwaba.com, Sajwani strongly cares about causes that promote childhood education, arts and culture provision of shelter. In 2013, the Damac owner gave over AED 2 million to Ramadan Initiative, a campaign that aims to clothe 1 million children around the world. The initiative was formally launched by the VP, Prime Minister of the United Arab Emirates and Ruler of Dubai, His Highness Sheikh Mohamed. The donation targeted over 50,000 needy children. During its inception, the clothing campaign began as a collaboration effort between DAMAC and a humanitarian group, Emirates Red Crescent. The campaign managed to raise an impressive haul of AED 120 million.

 

 

 

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