Hussain Sajwani is the Founder, Chairman, and CEO of DAMAC Properties who is also affiliated with President Trump and has been for many years. When asked if Trump’s popularity swings will have an effect on his business and organization, he commented that DAMAC Properties is doing well and, in fact, its sales are up in the last year. He also expressed his satisfaction with the golf course that the Trump organization designed and built for DAMAC and believes it is one of the best golf courses in the world. Sajwani is looking forward to the second golf course that the Trump organization is designing for his company and expects it to be as high in quality as the first one is.
When Hussain Sajwani was asked about how much he is looking to get for a 15% stake of DAMAC Properties, he replied that he is willing to sell some of the stake of his company to create liquidity. He also expressed that the price must be right and that it must happen at the right time. In the same interview, he replied to a comment about there being a possible overcapacity in the Dubai property market by saying that he didn’t seen any danger of this happening. In fact, he pointed out that DAMAC is growing and that the market in Dubai is stable and growing. He also commented on the fact that DAMAC and himself are looking to expand into the UK market as well as the North American market. He went on to explain more about how the market in the UK is softening due to Brexit and that the British Pound is looking good at the time.
Hussain Sajwani has been involved with the building and selling of real estate for years and built his company DAMAC Properties from the ground-up. He earned a Bachelor’s Degree in Industrial Engineering and Economics through the University of Washington and was one of the original students that was sent to the United States through a government scholarship. His business dealings with Donald Trump have put him in the spotlight, and he is more than happy to be there.