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Power 60 2019

#26 Hussain Sajwani, Chairman of DAMAC Properties


The annual list of the Middle East’s Top 60 most prominent contractors, real estate developers, consultants, facilities management companies features more than 11 new entries from across the region, putting in the spotlight the current improving outlook of the sector. These new entries have altered the entire corporate dynamics of the Power Hour 2019.

 

26. Hussain Sajwani, Chairman of DAMAC Properties

In the mid-90s, he built several hotels to accommodate the growing influx of people coming to the emirate to do business and trade. In 2002, he identified a growing market opportunity and established DAMAC Properties, which has grown to become the one of the largest property development companies in the Middle East. Today, DAMAC Properties has several prestigious projects in key global cities like Dubai, Jeddah and London, employs nearly 2,000 professionals, is a publicly-listed Company with shares traded on the Dubai Financial Market and was ranked as the #1 fastest growing company on the Forbes Global 2000 List for 2017. To date, DAMAC Properties has delivered over 24,000 homes, and has a development portfolio of more than 40,000 units at various stages of planning and progress.

As a market leader, DAMAC Properties has joined forces with some of the most recognisable lifestyle brands, to bring distinguished living concepts to the market. Projects include a Tiger Woods designed golf course, luxury apartments and villas with interiors by Italian fashion-houses Versace Home, Fendi Casa and Just Cavalli, and uniquely conceptualised Paramount Hotels & Resorts to deliver serviced living at its most opulent.

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