The incorporation of glitz and glamor into the real estate industry including residential, commercial and leisure properties has ultimately created a niche market marked by a unique customer tastes and preferences. However, the highly volatile property market characterized by bubbles and price fluctuations calls for suave management to navigate the turbulent market.
Therefore, operators in market require a unique management skills and experience to grow sustainably. One such operator, Hussain Sajwani; founder, chairman and chief executive officer of DAMAC Properties, has seamlessly weaved his shrewd management skills and years of experience to achieve significant success in the industry.
DAMAC Properties’ Success Factors
Since its founding in 2002, DAMAC Properties has achieved extraordinary success, growing its client and properties portfolios to include high-end and glamorous leisure, commercial and residential properties globally. From its first property in Dubai that was sold out even before construction, DAMAC has successfully expanded its operations throughout the Middle East.
Under the visionary leadership of Hussain Sajwani, the company adopted a distinct marketing and networking strategy that specifically targets niche markets. Exuberant marketing strategies such as offering expensive cars to customers who purchase their properties has become a trademark tool for gaining competitive advantage.
He has adopted strict financial management strategies while also partnered with strong brands and personalities such as President Donald Trump and Tiger Woods. DAMAC Properties is currently developing two luxurious golf clubs, which will bear Trump’s name. Legendary golfer, Tiger Woods, has partnered with the company to design one of the courses. Learn more about Hussain Sajwani: http://www.hussainsajwani.com/ and https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board
Strict financial regulations have enabled the company to navigate the property market. The company is planning to sell some of it shares to the public with an IPO at the London Stock Exchange in addition to its current listing in Dubai Financial Market.
Hussain Sajwani’s Profile
With a wealth valued at $3.8 billion, Mr. Sajwani’s has an impressive business acumen. After graduating from University of Washington, Mr. Sajwaniworked for a short period at GASCO before venturing into entrepreneurship.
He successfully established a mid-level real estate properties development company, which specialized in hotel development in addition to a catering company.
It is from these early beginnings that he managed to build one of the largest properties development company. The Damac Owner is also philanthropic as he supports various poverty eradication initiatives through financial donations.