DAMAC Properties is one of the world’s leading real estate organizations. It is based in the upscale city of Dubai within the United Arab Emirates (UAE). Since 2000, the UAE was starting to develop into a premiere place for real estate. The property market was exploding and DAMAC owner Hussain Sajwani saw an opportunity to get in on the business while it was fairly easy to enter this market.
Sajwani started DAMAC in 2002. He develops upscale properties within the Dubai area. Since Dubai is a fairly rich city, he no problems attracting clients for his real business. He has created a wide variety of residential dwellings and some major retail spaces as well. The DAMAC owner has even made some public buildings that are used for business.
Sajwani has a mind for business. He has been involved in this field since he was a young lad working with his father at their family store. His background in business is hard to deny. He even has a successful catering service that he still operates today. His catering company was started in 1982.
The business mogul is the 4th richest person in the Middle East and this is no mistake. Hussain Sajwani has a lot of characteristics and traits that make him and his company a model of success. First, he is a relentless hard worker. This astute businessman has over $4 billion dollars in personal finances that is at his disposal. Even though he is extremely wealthy, he still gets up every day and puts in a full day of work.
Next, he knows how to lead his employees. DAMAC’s employees are given freedom to a certain extent to accomplish goals and tasks. Sajwani does not care how his team uses their freedom as long as it is capable of meeting his company’s goals and expectations. This brings up the next point. Sajwani doesn’t keep his workers in the dark about the plans he has for DAMAC.
He informs them about what they are. This way, they can all figure out the best methods or practices to completing them. The DAMAC owner is an avid health promoter and he wants his employees to live a balanced life between work, family, volunteering, exercising and engaging in outside activities. DAMAC’s leader has achieved a lot because of Hussain Sajwani’s character and guidance.