Hussain Sajwani
Real Estate

Hussain Sajwani Net Worth

1 week from now

Hussain Sajwani, born in 1952 in Dubai, United Arab Emirates, is the founder of residential real estate developer Damac Properties. Taking advantage of a Dubai government decree that allowed foreigners to own property in the emirate, Sajwani purchased land in a then-undeveloped part of town and managed to sell units in his first 38-story residential building in less than six months. He has since helped burnish Dubai's image as a glittering destination, teaming up with Donald Trump to develop two Trump-branded golf courses. Sajwani also started out in the food service business, attracting clients such as the U.S. military and construction giant Bechtel, and still owns the food service firm.
Hussain Sajwani is a member of Real Estate

Age, Biography and Wiki

Birth Year 1952
Birth Place Dubai, United Arab Emirates, United Arab Emirates
Age 71 YEARS OLD
Residence Dubai, UAE
Alma mater University of Washington
Occupation Founder and chairman, DAMAC Properties
Known for Real estate development
Children 4
Website http://www.hussainsajwani.com/en/

💰 Net worth: $4.5 Billion (2024)

Hussain Sajwani, widely recognized as a prominent figure in the United Arab Emirates' real estate sector, boasts an impressive net worth currently estimated at $4.5 billion. Throughout his illustrious career, Sajwani has been instrumental in shaping the country's real estate landscape, leveraging his visionary business strategies and expertise to create innovative and luxurious properties. His ventures have propelled his wealth to new heights, establishing him as one of the wealthiest individuals in the region. With such a remarkable track record, it comes as no surprise that Hussain Sajwani continues to be revered as a trailblazer in the UAE's real estate industry.

2016 $3.2 Billion
2017 $3.7 Billion
2018 $3.82 Billion

Biography/Timeline

1981

Sajwani started his career in 1981 in the Finance department in Abu Dhabi Gas Industries. Two years later, he started a catering venture, with customers including the U.S. military and Bechtel. The venture is still operational and is now called Global Logistics Services.

2002

In 2002, Sajwani established DAMAC Properties, one of the largest property development companies in Middle East. The company has developed around 19,000 apartments since its inception, and has over 44,000 units under various stages of development. In 2015, the company got publicly-listed with shares traded on the Dubai Financial Market.

2013

Property CEO of the Year – CEO Middle East Awards 2017

2017

Ranked Number 15 on Hotelier Power 50 - CEO Middle East Awards 2017

2019

Sajwani is married, with four children, and lives in Dubai. Hussain Sajwani’s son, ali Sajwani, is an Economics graduate from North Eastern University in Boston, Massachusetts, and is the General Manager of Operations at DAMAC Group. He was recently recognized as one of Middle East’s Future Stars by the Arabian Business Achievement Awards 2017, organized by Arabian Business.

Some Hussain Sajwani images

Tags Living people 1950s births People from Dubai University of Washington alumni Emirati billionaires

You may also like

About the author

Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.