Damac Properties Company is a public company based in Dubai, United Arab Emirates. The company was formed from the Damac Group founded in 1976, by Hussein Ali Habib Sajwani. Damac is among the leading property companies in the Middle East. The property company belongs to the Engineering, Construction, Architecture and Real Estate industry. The company specializes in residential, commercial and leisure properties in Dubai and the Middle East.
The company enjoys the supply of products and services from big companies all over the world. Damac Group receives real estate development services from the Trump Organization, Inc. based in the United States. Damac Group also receives products from LVMH. The company supplies Damac Groups with watches and jewelry, wines and spirits and leather goods. It closely works with the National Marine Dredging Company which has its headquarters in Abu Dhabi. The dredging company provides reclamation, geotechnical and marine logistics and survey to the company. It owns the Damac Real Estate Development Limited. The company has opened its branches in Iraq, Lebanon, Qatar and Saudi Arabia. The Damac Group provides hospitality services too. The company owns some hotels and serviced villas.
The DAMAC owner has a close relationship with the president of the United States, Donald Trump. The two are business partners in the Real Estate Industry. Moreover, they are very close friends. Trump and Sajwani jointly invested in the Trump International Golf Club. The golf club has a value of $2 billion. The two business partners are planning to invest more in real estate projects.
Hussain Sajwani is a businessman and entrepreneur. He went for his degree studies at the University of Washington. He joined the business world soon after graduation. His career started at the Abu Dhabi National Oil Company as a contracts manager. In 1982 Sajwani entered the catering business that saw him build many hotels in Dubai. Sajwani family used profits from the catering business as capital for other companies. Mr. Sajwan gives back to the community. The billionaire assisted the government of United Arab Emirates to clothe needy children. They donated money towards the campaign carried out by the UAE top government officials.
Follow Hussain Sajwani on twitter.