DAMAC Owner Hussain Sajwani Showcases His Business Portfolio

If you’re interested in global real estate development, Dubai’s booming real estate market, or self-made billionaires, then you are probably familiar with Hussain Sajwani; Hussain Sajwani is best known as the owner of DAMAC Properties, the famed Dubai-based property development company. But you may not be aware that the DAMAC owner’s business portfolio is also filled with many other ongoing, major ventures – and you may be surprised by some of his projects.

Of course, DAMAC Properties still occupies much of Hussain Sajwani’s time and attention – and the company is considered an international real estate development powerhouse for good reason. Hussain Sajwani founded DAMAC Properties in 2002 and serves as its Chairman and majority shareholder. Since then, the company has become synonymous with luxury in Dubai and around the world: DAMAC Properties has developed and owns many lavish properties, including gated golf communities, high-rise residential buildings replete with amenities, and glamorous hotels and resorts. These are found primarily in the Middle East, in countries including Qatar, Lebanon, Saudi Arabia, Egypt, Jordan, and, of course, the United Arab Emirates, but also as far away as the United Kingdom.

And the DAMAC owner isn’t done with the United Kingdom yet. Hussain Sajwani is currently working on London’s next hot mixed-use development, AYKON London One, which Sajwani is handling through his DAMAC subsidiary Nine Elms Property Limited. When AYKON London One opens, it is expected to become one of the city’s tallest residential buildings. It will offer residents an ultra-modern, yet timeless, living experience; the development boasts views of the River Thames and many of London’s most beloved historic sites, as well as super-sleek design (thanks to a partnership with Versace, one of the world’s most iconic and of-the-moment luxury brands).

Hussain Sajwani’s portfolio also includes Mina Al Sultan Qaboos, the result of an exciting partnership with Omran, the Government of Oman’s tourism promotion division. The DAMAC owner is heading up a redevelopment of the Mina Al Sultan Qaboos Waterfront – to the tune of USD 1 billion. The goal of the project is to bolster Oman’s reputation as an international tourism destination by creating a beautiful, integrated waterfront tourist hub. The hub will include luxury residences, hotels, and a variety of exciting dining, shopping, and leisure options.

The DAMAC owner is even in the Maldives – but no, he’s not taking a vacation. Hussain Sajwani is developing the AYKON Maldives Resort, located on a reclaimed island in the Maldives archipelago. The resort will boast top-quality offerings for guests, including a hotel with luxury suites, bungalows, and water villas. It will also have fine dining options, well-appointed spa and fitness facilities, and many fun activities.

It’s clear that luxury real estate development is Hussain Sajwani’s greatest passion – and that he’s experienced astonishing success in this sector. However, the DAMAC owner’s business portfolio also includes some very different companies and ventures. Hussain Sajwani has two companies that manufacture and sell construction and building materials: he is a majority shareholder in Al Amana Building Materials Company and Chairman of Al Anwar Ceramic Tiles Co.  Al Amana is a leading supplier of high-quality building materials, floors, bathrooms, and other related products in Oman. Al Anwar is Oman’s first and largest manufacturer of ceramic tiles.

Hussain Sajwani is also a majority shareholder in Al Jazeira Services Company, another Oman-based business. Al Jazeira Services is a catering company and has been serving the people and businesses of Oman since 1997. Al Jazeira Services, or “AJS,” has grown significantly since its establishment; it now operates 127 locations (with the help of 850 employees) across Oman.

It’s no secret that Hussain Sajwani has amassed quite a fortune thanks to his business savvy. The DAMAC owner has always managed his money wisely; in 1992, he rounded out his business portfolio by establishing DICO Investments Co LLC, the investment arm of his empire. Hussain Sajwani and DICO invest his earnings from his many business ventures in four core areas; specifically, strategic holdings, debt instruments issued by regional banks and companies, subsidiaries in growth industries, and investments in growing banks. International business buffs should expect to see even more impressive projects from Hussain Sajwani in the future.