DAMAC Properties develops residential properties. It is in the business of developing commercial properties as well. It is a private entity that was founded by Sajwani Hussain. DAMAC Properties’ business is based in Dubai. Read more: Meet Our Board | DAMAC Properties
The company also has a presence in states such as Jordan and Lebanon. The company also has roots in Saudi Arabia and Qatar. The company deals offer a complete package: acquisition of land, construction and sale of property. It can therefore buy property, develop and then sell it for its clients.
Hussain Sajwani family has a heart for charity and philanthropy. In the not so distant past, he donated a two million cheque to a campaign that was working towards the clothing of a million poor children. This campaign enjoys the partnership of Emirates’ Red Cresent: established in 1983. Presently the campaign has been able to raise AED 120 million. Learn more about Hussain Sajwani Family: http://www.cnn.com/2017/01/02/politics/donald-trump-new-years-eve-speech/
The contribution by DAMAC proprietor is in line with the efforts of the government of Dubai to lift up the suffering people of the world. With the contribution made by Sajwani, 50,000 children from humble backgrounds will be clothed.
It is the liberating decree by the Government of Dubai, allowing foreigners to own property, which encouraged Sajwani to start DAMAC Properties. Hussan’s success in the real estate sector saw him do business with Donald Trump: the President of USA. DAMAC build for Trump two golf courses. In February 2017, DAMAC completed the first golf course. The second one, Tiger Woods’ design, is hopefully expected to open towards 2018 end.
The Damac owner was not always in the property business. His initial business investment was in food service and hotels. He still likes to keep the hotel business dream alive, but is more prominent for his real estate prowess.
After Trump succeeded to the American Presidency, Hussan Sajwani offered him a $2 billion real estate deal which The President had to politely decline. Many indicated that it would have been unethical for the President to accept this offer. He must have known this since he declined the deal.