Hussain Sajwani, the Dubai-based property mogul, sounds optimistic on the growth trends in the region when interviewed on CNBC recently. The founder and owner of DAMAC Properties discussed various topics including his association with the Trump organization, his plans to sell stake in his company and the property market in Dubai. Founded in 2002, DAMAC is a luxury property development company that has developed residential, commercial and mixed-use projects in places spanning the middle-east region: Dubai, Abu Dhabi, Qatar, Saudi Arabia and Lebanon. It is also the first real-estate company from the region to be listed on the London Stock Exchange. Hussain Sajwani has close ties with Trumps and both have worked on projects together in the past.
Hadley Gamble specifically asked him about any possible threats for his company’s branding given the affiliation with the Trump name. Hussain Sajwani responded confidently, saying it’s business as usual for him. The DAMAC owner is extremely happy with the design, planning and execution of the Trump International Golf Club that opened in February 2017. The award-winning DAMAC Hills development is built around the championship-standard golf course and offers a mix of horizontal and vertical community living.
The DAMAC owner’s expertise and business acumen has won him recognition by Forbes, which has given a top ranking to his company in the Growth Champions List of Fastest Growing Companies. In only 16 years he has achieved worldwide fame, accolades and rewards creating and maintaining spaces that offer aesthetics and style. Optimistic about continued growth in Dubai’s property market, Hussain Sajwani is looking for business opportunities in UK as well. He pointed out that the pound is more reasonably priced now and, with the Brexit, London’s property market is softening providing a major opportunity in real estate there. The DAMAC owner is now planning to sell stake in his company to raise more money.