Hussain Sajwani is a well-renowned businessman worldwide. Currently, he is serving as the Chairman, chief executive officer as well as the Founder of DAMAC. As successful as Hussain Sajwani is right now, he is a man who came from a very humble background. This context will mainly revolve around his education, career, and anything relating to his success story.
Hussain Sajwani was born in 1954. He emerged from a humble background. His family by that time could be classified as middle class and conservative individuals who were also very hard-working individuals. Hussain Sajwani’s father owned a shop where he used to sell pens and watches. His father was a determined fellow who even spent some days away from his family to operate his small shop for long hours to maximize his earnings. In turn, Hussain Sajwani’s mother used to sell fabrics as well as other household goods.
Hussain Sajwani was an ambitious fellow. His father wanted him to operate the family business, but as determined as Hussain Sajwani was, he decided to get a formal education. In his pursuit of formal education, he was able to attend a medical college in Bagdad through a government scholarship, but he never completed his studies at the college.
At a young an tender age, Hussain Sajwani used to spend time at his father’s shop. While at the shop, he was able to relate to the fact running a business at times proves to be quite a hurdle. Perhaps this harsh reality made Hussain Sajwani desist from following in his father’s footsteps. Instead, Hussain Sajwani felt that he had a calling within him and he had the desire to delve into entrepreneurship.
Hussain Sajwani’s present role in DAMAC Group
DAMAC Group is a real estate company was founded in 2002 by Hussain Sajwani. The company deals in leisure, residential and commercial properties in Dubai and the Middle East. The company’s headquarters are in Dubai. Currently, Hussain Sajwani serves as the Chairman and chief executive officer of DAMAC Group.
Hussain Sajwani has been able to develop a keen eye for business over the years. While founding DAMAC, Hussain Sajwani took advantage of the fact that the government had offered a decree that foreigners could own property in Dubai. Since necessity had presented itself, Hussain Sajwani salvaged the opportunity that had presented itself. Since the foreigners were eager to own property in Dubai, DAMAC was able to start selling units even before their first residential unit was complete.
Hussain Sajwani’s emergence from a humble background somehow enabled him to see the reality of life. Although Hussain’s father wanted him to follow in his footspets, Hussain Sajwani already had a dream of his own. By being observant enough, Hussain Sajwani knew that he did not want to struggle as his father did. Instead, he had the dream of pursuing formal education and delving into entrepreneurship. As determined as he was, Hussain Sajwani was able to pursue formal education. Moreover, he was able to indulge in the world of entrepreneurship. As an entrepreneur, he is presently proud to be the Founder, Chairman, and chief executive officer of DAMAC Group.