The Impressive Career Of The DAMAC Owner, Hussain Sajwani

Hussain Sajwani is the owner and founder of DAMAC Properties, a global property development company. His company was ranked at number one by Forbes in their Global 2000 list in 2017 as the fastest growing global company, based on data from 2013 to 2016. In addition, to being listed among the top 100 most influential Arabs, Hussain Sajwani was listed by Forbes in 2018 as the 4th richest Arab in the world, having a net worth of $4.1 billion

Despite the fact that DAMAC grew into a successful international company, it is not that first business success of Hussain Sajwani. He obtained a scholarship and went to the United States in order to get his bachelor’s degree from the University of Washington in Industrial Engineering and Economics. Before he became the DAMAC Owner he worked for Abu Dhabi Gas Industries, and started a catering venture (which operates to this day under the name Global Logistics Services). His catering business was launched in 1982 and quickly became a market leader, serving more than 150,000 meals every day and managing over 200 projects.

Sajwani saw another opportunity in the real estate market which was developing fast, and established DAMAC in 2002. During his career, the DAMAC owner considers that the biggest decision and risks he took was when he decided to make DAMA a public company. He stated that the step required them to make a lot of internal changes, in order to be compliant with different financial regulations. The DAMAC owner considers opening their books to the public scrutiny and review is a big decision for business owners to make.

Nowadays DAMAC is not limited anymore just to Dubai. What started as a small venture focused on developing small hotels grew and is part of many countries in the Middle East and also the United Kingdom, having approximately 2000 employees. DAMAC developed an impressive portfolio which includes more than 17,900 homes as well as 44,000 units. Hussain Sajwani considers that DAMAC reached a size and level of maturity which enables it to look beyond the region, believing that DAMAC can leverage its expertise in order to expand its presence.

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Hussain Sajwani Looking to Do More Real Estate Deals with Trump Organization

The Dubai based billionaire real estate developer Hussain Sajwani is looking to improve on his business relationship with the Trump Organization. He has partnered up with Donald Trump’s organization in an effort to develop more luxury properties throughout the world. Sajwani met with Trump on New Years Eve and talked about completing a project called the Trump International Golf Club. This property will be situated near a number of luxury villas that have generated up to $2 billion in sales. Since he is the current President of the United States, Trump and will not make any business deals while he is serving his term.

Hussain Sajwani recently said that he has ties to Donald Trump’s children Eric, Donald Jr. and Ivanka. He believes that all three show great leadership and will likely help both parties expand on their real estate holdings. Sajwani believes that they will be vital to the overall business relationship between him and the Trump Organization. He has also stated that the Trump Organization is very protective of their brand and look to maintain a prestigious reputation for the firm.

Sajwani is the founder and owner of a real estate company known as DAMAC which is based in the United Arab Emirates. His company is known for making a number of glitzy properties in all parts of the world. As well as completing real estate development projects, DAMAC is also involved in the food service industry. During the Gulf War in 1991, the company helped provide food service to American troops. It has also been involved in a number of other operations in countries such as Bosnia, Somalia and other nations in the Gulf region.

Today, Hussain Sajwani and his company DAMAC are planning on making an initial public offering with the London Stock Exchange. This will be in addition to the company looking to take advantage of the recovery of real estate prices in the United Arab Emirates. The final decision in terms of getting the IPO will depend on what advice his company gets from banks within the next few months. His decision to make an IPO will also depend on the company’s intention to expand or take money from the company. Follow Sajwani on Twitter or Instagram.

Find out more: http://www.arabnews.com/tags/hussain-sajwani

Jason Halpern Leverages His Passion for Restoring Historical Buildings in Developing Commercial and Residential Properties

Jason Halpern is a real estate developer with more than 50 years of experience in managing and constructing commercial and residential properties in New York. He stands out from other developers because of his passion for preserving historic properties. He believes that real estate developments should adhere to the needs of the community. Jason founded JMH Development based on his foresight and vision in advancing the real estate sector in New York.

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JMH Development

JMH Development as a real estate company develops and owns several commercial and residential properties in the United States. Jason serves as the managing partner of JMH. The company uses an innovative approach when developing luxurious residential properties. The company also attributes its success to Jason’s unique approach to developing properties. Under Jason’s leadership, JMH renovated 184 Kent Avenue, luxurious residential rentals that bagged the Building Brooklyn award in 2011.

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JMH also excels in developing both commercial and residential properties in high-income areas such as Miami Beach, Manhattan, and Brooklyn. The company’s philosophy is to restore historical properties through its adaptive reuse projects. Jason led JMH in the development and acquisition of several historic properties.

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Jason’s Adaptive Reuse Project

In 2014, JMH Development announced a 235-room hotel construction based in Miami Beach, FL known as Aloft South Beach. As the managing partner, Jason scheduled the project to begin in early 2015. The project is a historical restoration of the Motel Ankara. It includes an eight-storey building. Madden Real Estate Ventures also collaborated with JMH in the conceptualization and development of the project. JMH hired Plaza Construction to handle the construction work and ADD to handle the architecture.

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Jason said that his company has enough resources to ensure that the contractors carry out the project as planned. He also mentioned that the Aloft South Beach is one of his company’s projects targeted at restoring historical structures. The building will offer its guests access to the Collins Canal and Lake Pancoast. It lies few blocks away from Miami Beach Shores and the Miami Beach Convention Center. Guests will also enjoy a rooftop lounge, a fitness center, a conference room of 2,349 square feet, and an outdoor pool.

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Philanthropy

Besides developing real estate properties, Jason is a committed philanthropist. He contributes to charity organizations through his company, JMH Development. For instance, in 2015 JMH collaborated with a non-profit water organization and donated $20,000 to finance water projects that were taking place in Nepal and Ethiopia. JMH donated the amount once it signed a contract with Three Hundred Collins. Besides generous donations, Jason’s company partners with the Relief Society of Tigre and Splash in ensuring that over 650 Nepalese and Ethiopian citizens access clean and safe water.

 

Secure a Perfect Residential Real Estate With Town Residential Today!

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