It was in 1982 that Hussain Sajwani of the United Arab Emirates established his first company. This was Global Logistic services, a catering operation that is still going strong. He entered the real estate industry in 2002 when he launched DAMAC Properties. Acting as the chief executive officer and chairman of the board of directors, he has built this into a highly successful venture that has developed properties across the Middle East as well as in London.
DAMAC Properties is one of the Middle East’s largest property development firms. Hussain Sajwani focuses exclusively on luxury properties. One of his latest developments is Just Cavalli Villas. He said at the unveiling of these villas that they are the perfect mix of luxury and fashionable living. At DAMAC Properties they offer their customers exclusive lifestyles and the home of their dreams. This development is part of the larger AKOYA Oxygen community which includes an 18-hole golf course that is managed by the Trump Organization.
Akyon City is another project DAMAC Properties is presently working on. This is a mixed-use development with luxury homes and retail spaces. Hussain Sajwani (@hussainsajwani) signed a $139 million contract with the China State Construction Engineering Corporation who will build one of the components of this property. He said that they will build Tower C which will be the luxury residential tower in this development. All told, DAMAC Properties will be spending $2 billion on this development located in Dubai.
DAMAC Owner Hussain Sajwani says that he markets his villas, townhomes, and other properties using a number of different methods. He is a big fan of using social media to sell his properties. His company DAMAC Properties is also well-known for running attention-getting promotions to get people to buy homes. He once gave new buyers a choice between taking home a BMW or a Lamborghini. He has also thrown in free Jet Skis or even a free studio apartment. When he wanted to entice Chinese buyers one year he offered them a visa as well as free plane ticks and a free stay at a hotel so that they would come view one of his available units.