The real estate tycoon Hussain Sajwani is based in Dubai. Presently he is looking after a project grandiose. This is a project that is set on 964 acres. It is the new Akoya community by Hussain Sajwani. It can be reached by a 15-minute drive from Dubai. This project has lavish villas and mansions. It will have a retail center too. This gated property will have a golf course that will bear the Trump name. Read more: Hussain Sajwani
Hussain Sajwani says he made a deal with the Trump organization as they know well enough about how to run a golf course. This has nothing to do with politics as his company, the Damac Group, remains away from politics.
Hussain Sajwani is 63 years old. His business has been quite good all this time. In 2015, his company Damac Properties earned revenues of $2.3 billion. The net margins were over 50%. This company was launched in 2002. Since then it has developed nearly 15,500 apartments. There are another 40,000 units that are still in the pipeline. These are in the United Arab Emirates and various other places with some being even in London.
The founder and chairman of Damac Properties is Hussain Sajwani. He is already on the FORBES’ list of the World’s Billionaires this year. He has 72% stake in this company. His net worth is $3.2 billion.
Hussain Sajwani contributes his success to luck as well as vision. His opportunity came in 2001 when foreigners were allowed to own property in Dubai. Hence he focused on developing luxury real estate that he could sell to these foreigners. He also decided to offer a Lamborghini or a BMW complimentary to those who bought the apartment during the annual Dubai Shopping Festival.
His company has also offered a Jet Ski with a real estate purchase. At other times the mansions and villas came with a free studio apartment too. His other offerings include plane tickets along with hotel stay as well as a visa for those who were buying his residential units. Learn more about Hussain Sajwani: http://www.hussainsajwani.com/ and https://www.damacproperties.com/en/investor-relations/corporate-governance/meet-our-board
The DAMAC owner has entered into co-branding deals with various luxury brands that include Versace, Fendi as well as Bugatti. This is being done to appease their high-end and brand-obsessed clients.
The real estate market in Dubai is going through challenging times. Hence Damac Properties is offering 3% annual return on the down payments as well as advance payments being made by buyers.