15 Facts About Hussain Sajwani

Hussain Sajwani is an Emirati billionaire businessman and the founder of the property development company, DAMAC Properties, and his private investment company, DAMAC Group.

Hussain Sajwani is a close friend and associate of American president Donald Trump.

Hussain Sajwani's father was a trader with a shop at the local souk, selling watches, Parker pens, shirts, and goods imported from China.

Hussain Sajwani obtained a government scholarship and attended a medical college in Baghdad.

Hussain Sajwani started his career in 1981 in the finance department at Abu Dhabi Gas Industries.

In 2011, Hussain Sajwani was sentenced to five years' jail time in absentia over corruption charges in an Egyptian court, although the sentence was later suspended.

In June 2021, Hussain Sajwani resigned as the chairman of Damac Properties and offered to take the company private.

In 2022, Hussain Sajwani acquired the jeweler, De Grisogono, and announced two collaborative development projects in Dubai.

In 2022, Hussain Sajwani delisted DAMAC stock shares from the Dubai stock exchange.

In September 2023, Hussain Sajwani officially opened DAMAC Mall, which attracted an annual footfall of approximately 1.3 million visitors.

Hussain Sajwani is married, has four children, and lives in Dubai.

Hussain Sajwani's son, Ali Sajwani, is an economics graduate from Northeastern University in Boston, US, and the managing director of operations at DAMAC Group.

Hussain Sajwani was named one of the Middle East's future stars by the Arabian Business Achievement Awards 2017, organized by Arabian Business.

Hussain Sajwani's daughter, Amira Sajwani, is a graduate of University College London, where she majored in project management for Construction, and has a Master of Finance from the London School of Economics.

Hussain Sajwani is DAMAC's managing director of sales and development.