Category Archives: Business

A Three Pronged Business Model Aids DAMAC owner Hussain Sajwani

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The DAMAC owner Hussain Sajwani appears to have moved effortlessly from the catering industry to the luxury real estate sector with the aid of a business model limiting the risk each time a new development is undertaken. This impressive way of conducting business has led to close links being formed by the Sajwani family to their long term business partners, the Trump family; even after Donald Trump was elected President of the U.S. DAMAC and its impressive founder were reported to be looking for new business opportunities with the Trump organization with a value of over $2 billion.

 

For Hussain Sajwani the development of a new business model has become an important part of the impressive work being done by the DAMAC group and includes three specific points that have allowed the company to develop from a catering service to one of the world’s leading luxury real estate developers. Hussain Sajwani believes it is important for his real estate developments completed through DAMAC to enjoy a certain level of independence and financial stability not often associated with the luxury real estate sector; after developing the business in 2002 as a real estate specialist, Hussain Sajwani requires every DAMAC development to purchase the land used outright and keep every escrow account separate from other developments taking place within the DAMAC group of businesses.

 

The Hussain Sajwani family has also developed a number of important philanthropic activities designed to aid those in the greatest need across the Middle East and includes a major effort to help underprivileged children across the United Arab Emirates. The founder of the DAMAC group has made a number of philanthropic donations, including more than $2 million to provide clothing for more than 50,000 children through The Ramadan Initiative Hussain Sajwani has backed in the UAE. Within the UAE the holy month of Ramadan has become a period of time focused on by many humaitarian groups looking to provide heating and clothing for children in high levels of distress and need, a series of campaigns DAMAC founder Hussain Sajwani has become a major donor towards.

 

For more information, visit http://www.damac.com/.

Category: Business