If you are unfamiliar with the name Hussain Sajwani, He is the founder and owner of a property development company called DAMAC Properties. If you live anywhere in the Middle East, or if you do business there, you have probably heard of this man already. DAMAC Properties has opened business operations in Dubai, Abu Dhabi, Doha, Amman, Beirut, Jeddah, Riyadh and London. Hussain Sajwani graduated from the University of Washington with honors in Economics and Industrial Engineering.
Here are a few highlights from his recent interview with the people at ideamensch.com. When asked where the idea for DAMAC Properties came from, Mr. Sajwani tells us that it began when he was very young. Helping out with his family’s business gave him his first taste of the “entrepreneurial spirit”. He next moved to a venture selling time-share apartments while he was in college. Later, the entrepreneurial spirit became a solid reality when he opened a successful catering business. This gave him the experience and capital to open up a chain of hotels and begin the company that would later become DAMAC Properties.
When asked about how he likes to bring ideas to life, Hussain Sajwani says that he looks to the city of Dubai for inspiration. Thinking about the growth of Dubai (which is an incredibly rich city already) gives him inspiration and hope for the future. However, he goes on to emphasize the importance of taking calculated risks and throwing sufficient effort behind any worthy project.
When asked by alkhaleej.ae about the habits that help him to be a better entrepreneur, he says that the study of history and world cultures is a great help. Certainly, there is no denying that the lessons of history are myriad and can be applied in literally millions of different ways. He also says that he likes to travel and expand his view of the world as much as possible.
The interviewer then asked if there were any good business secrets that he was willing to give away to the reader. He says plainly that he would advise people to invest in real estate in fast-growing cities. He describes these kind of investments as being quite stable in comparison to most others. As he puts it, real estate in a good location will only go up in value.
My source here: https://www.eremnews.com/news/arab-world/gcc/906780