Real estate development has been taken seriously across different sectors of life. This has seen the rise of multinational real estate companies that have changed the face of the earth in the recent past. Hussain Sajwani is a real estate mogul that has created a vast empire out of his real estate company. He has also established a successful relationship with renowned personalities across the board including the president of the United States of America Donald Trump.
DAMAC Properties has a rich history dating back to the time it was founded and the strides it has made in the present years, as per Al Jazeera. With a rich portfolio of business ventures, the company remains among the most profitable entity in Dubai. DAMAC Properties was established in 2002, and since then the company has changed the living standards of people in Dubai, the Middle East, and the United Kingdom.
Nine Elms Property Limited is a subsidiary company of the greater DAMAC Properties. The firm is responsible for developing AYKON London One which is set to become one of the tallest residential building in London. Mina Al Sultan Qaboos in collaboration with the DAMAC, they have refurbished USD 1 billion tourist port with modern residential suites and hotels. AYKON Maldives Resort has been built by the DAMAC International Company Limited. Through this development, the company will establish a five-star resort hotel with over 100 luxuries suits.
Apart from real estate development, the DAMAC owner has also established other investment firms to complement other fields. Hussain Sajwani established DICO Investments Co LLC in 1992. The company offers professional investment services to clients. Currently, the firm manages over 3 billion dollars in assets. Other fields of interest where the DAMAC owner has invested in include the construction and building materials. He is the chairman of Al Anwar Ceramic Tiles Co. which is the largest tiles manufacturing company in Oman.
Hussain Sajwani has a vast interest in the catering industry because of his past history. DAMAC owner is the majority shareholder of the Al Jazeira Services Company since its establishment in 1997. Hussain Sajwani was born to an entrepreneurial family where his father owned a shop where he sold watches.
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