The DAMAC owner Hussain Sajwani is a real estate billionaire living in the United Arab Emirates. DAMAC Properties is a part of the DAMAC Group and is a company that works on the development of property and residential real estate. The company was founded in 2002 by Hussain Sajwani and acts from Dubai in the United Arab Emirates.
When making the decision to found DAMAC Properties, Hussain Sajwani was motivated by a decree made by the Dubai government which allowed foreigners to own property in the United Arab Emirates. He took advantage of this as he envisioned buyers from non-emirate countries to become the top real estate buyers. That proved to be an accurate assessment as Hussain Sajwani managed to quickly resell the then still undeveloped land less than six months after purchase, beginning a profitable business in the industry of real estate development.
Hussain Sajwani still runs the company as its Chairman. He is responsible for the company’s operations as well as its huge wealth. Handling a net worth of nearly 4 billion dollars, DAMAC owner Hussain Sajwani ranks as the 4th wealthiest billionaire in the United Arab Emirates. the corporation has developed more than 19 000 apartments since it entered its line of work.
Hussain Sajwani has been highly active in philanthropy. he established a charity arm of the DAMAC Properties several years ago which is also active in funding and donating to causes. One of the most significant donations made by the magnate was to the AED which was fundraising resources in order to provide food, clothing, and shelter to more than one million children around the globe.
Hussain Sajwani donated two million to the extensive campaign and that money was enough to bring clothes, food, and warmth to more than 50 000 kids. The Ramadan initiative was started by Sheikh Mohammed bin Rashid Al Maktoum.
Over the years, Hussain Sajwani as achieved a lot in career but he considers philanthropy to be the most sifigifcant achievement in his life.
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