BillionaireNet
Sajwani
Hussain Sajwani
Rank #307
UNITED ARAB EMIRATESreal-estateReal estate

Hussain Sajwani

Net Worth
$10.23B
0% (24h)
Hussain Sajwani is an Emirati billionaire businessman and the founder of DAMAC Properties, a leading luxury real estate developer. With a net worth of $10.2 billion as of December 2025, Sajwani has built a real estate empire that transformed Dubai's skyline. His career began in the food services sector before he transitioned to real estate in 2001, capitalizing on Dubai's growth. He is known for his innovative marketing strategies and co-branding deals with luxury brands. His career is highlighted by his commitment to philanthropy through the Hussain Sajwani - DAMAC Foundation.

The Full Dossier

Early Life and Education

Hussain Sajwani was born in Dubai, United Arab Emirates, in 1952 or 1953. His parents were entrepreneurs; his father owned a shop in the local souk. Sajwani received a government scholarship to attend medical college in Baghdad but later moved to the United States. He studied industrial engineering at the University of Washington.

Rise to Success

Sajwani's career began in 1981 in the finance department of Abu Dhabi Gas Industries. In 1983, he launched a catering venture, Global Logistics Services, which catered to the U.S. military and Bechtel. In 2002, he founded DAMAC Properties, which has delivered approximately 27,400 homes. DAMAC Properties was ranked #1 on Forbes 2017 Global 2000 list for fastest-growing global companies.

Key Business Strategies

Sajwani is known for his marketing, sometimes offering incentives like free Lamborghinis to apartment buyers. He has co-branding deals with brands such as Versace and Bugatti. He also partnered with Donald Trump to develop Trump-branded golf courses in Dubai.

Philanthropy

Sajwani is involved in philanthropy through the Hussain Sajwani – DAMAC Foundation. The foundation supports education, youth empowerment, and skills development. The foundation has contributed to the 1 Billion Meals initiative.

Career Timeline

2022

Acquired De Grisogono

Acquired the jeweler De Grisogono.

2021

Resigned as chairman of DAMAC Properties

Resigned as the chairman of DAMAC Properties.

2017

Recognized by Forbes

DAMAC Properties ranked #1 on Forbes 2017 Global 2000 list for fastest-growing global companies.

2013

Partnership with Donald Trump

Teamed up with Donald Trump to develop Trump-branded golf courses in Dubai.

2011

Launched DAMAC Maison Hotels & Resorts

Launched the hospitality division of DAMAC Properties.

2002

Founded DAMAC Properties

Established DAMAC Properties, a real estate development company.

1983

Launched catering venture

Started a catering venture that became Global Logistics Services.

1981

Began career

Started in the finance department at Abu Dhabi Gas Industries.

Philanthropic Impact

Food Aid$5M

1 Billion Meals Initiative

The Hussain Sajwani – Damac Foundation donated AED5 million.

Food Aid$0.27M

100 Million Meals Campaign

The Hussain Sajwani-DAMAC Foundation pledged AED 1 million to the campaign.

Humanitarian$0.82M

Arab Hope Makers initiative

The Hussain Sajwani – DAMAC Foundation pledged AED 3 million.

EducationUnknown

Dubai Future Foundation's One Million Arab Coders Initiative

The foundation is the main sponsor.

Community DevelopmentUnknown

Al Hadaf Center for People of Determination

Supported the Al Hadaf Centre.

Community DevelopmentUnknown

Al-Tariq Rehabilitation Center

Supported the Al-Tariq Rehabilitation Center.

Community DevelopmentUnknown

Dubai Autism Centre

Supported the Dubai Autism Centre.

Humanitarian AidUnknown

Fresh Slate initiative

Aiding detainees in Dubai's Punitive and Correctional Institutions.

Wealth Trajectory