The Success story of Damac Properties

The CEO and the founder of the Damac Properties have changed the business strategy in the real estate strategy. Despite the global financial crises of the year 2008, Hussain Sajwani was able to turn around the tide and rebuild Damac Properties. Hussain Sajwani has not only invested in Arabia but also invested in the United States . Dumac properties have changed the real estate industry across the globe since it has incorporated culture with technology. For instance, the luxury five-star hotels owned by Damac Properties demonstrates the company willingness to integrate various cultures with the locals. The brain behind the success of Damac Properties is Hussain Sajwani who happens to be the founder. Hussain Sajwani, the DAMAC Owner is a graduate of the University of Washington where he studied as a result of scholarships. After completing his studies, he was employed as contract Manager by GASCO that happens to be a subsidiary of ADNOC. Having been in employment for a short duration, he decided to quit and started his own company catering venture back in 1982.

 

Throughout the life of the catering venture, it has grown from strength to strength and currently it is the market leader with a portfolio of more than 200 projects. As a result, it offers more than 150000 meals daily in markets such as Africa, Middle East and others. Some of the key targets of the offering the catering services are the educational institutional, five-star, offshore/onshore clients. Sajwani is among the pioneers of the property market around the globe and as a result, he has led to the expansion of it in Dubai. In the early 1990s, he built several five-star hotels that have led to the influx of the foreigners within the Dubai for trade. As of 2012, DAMAC Properties was the largest property development in the Middle East. The main reason why Hussain Sajwani succeeds in the property development is as a result of his knowledge in sales, legal, marketing and administration that has enabled him to interact with the customers and other stakeholders. The organisation currently employees more than 2000 employees and it is also a listed company that has changed how real estate operates.