Hussain Sajwani
Founder and Chairman, DAMAC
Biography
Hussain Sajwani is a UAE national, serial entrepreneur and the Founder and Chairman of DAMAC Group, a privately owned conglomerate with a diversified portfolio spanning real estate, hospitality, retail, luxury fashion, investment and digital infrastructure. His entrepreneurial history began in 1982 with a catering venture that laid the foundation for his expansion into new businesses and international markets.
In 2002, he founded DAMAC Properties after identifying a significant market opportunity in Dubai's growing residential sector. Under his leadership, the global property development company has become one of the largest property development companies in the Middle East, with a presence extending to key global cities. Its projects include luxury apartments, branded residences and master-planned communities such as DAMAC Hills, reflecting a proven track record in large-scale development and the delivery of luxury properties.
Sajwani's business interests have expanded beyond residential developments into international hospitality and branded living concepts. Notable collaborations include Cavalli, Paramount Hotels & Resorts and the Trump Organization, associated with Donald Trump. These partnerships reflect his approach to combining established global brands with distinctive residential and hospitality experiences.
Alongside property development, Sajwani has built a substantial presence in global capital markets through DAMAC Capital, the Sajwani Family Office's private investment vehicle. Its activities include global equity investments, private equity, mergers and acquisitions, and strategic opportunities across multiple industries. This approach reflects his experience in identifying emerging sectors and evaluating long-term growth potential.
More recently, the Group has expanded into data centers through DAMAC Digital, supporting the growing significance of cloud computing, artificial intelligence and technology infrastructure. This international expansion reflects Sajwani's continued focus on identifying opportunities across established and emerging industries.
A graduate of the University of Washington, Sajwani has built a career spanning more than four decades. His approach to entrepreneurship, capital allocation and international expansion has established him as an influential figure in the UAE's business landscape and a prominent investor in the wider region.
Frequently Asked Questions
Who is Hussain Sajwani?
Hussain Sajwani is an Emirati entrepreneur and the Founder and Chairman of DAMAC Group. He is best known for building an international real estate business and expanding into hospitality, investments, luxury fashion and digital infrastructure.
Where did Hussain Sajwani study, and how did he begin his career?
Sajwani graduated from the University of Washington in 1981, studying Industrial Engineering and Economics. He began his entrepreneurial career in the catering industry, building a food services business that served major international clients before expanding into other sectors.
How is Hussain Sajwani connected to AlphaHAS?
He is the father of Amira Sajwani, Co-Founder and CEO of AlphaHAS and Managing Director of Sales and Development at DAMAC Properties. Amira has spoken about her father's influence on her entrepreneurial approach and leadership experience. Through AlphaHAS, she oversees a diversified portfolio spanning real estate, technology, consumer ventures and private-market investments.
When did Hussain Sajwani establish DAMAC Properties?
He founded the company in 2002 as Dubai introduced new opportunities for international property ownership. The business subsequently expanded from residential developments into master-planned communities, branded residences and international projects.
What is Hussain Sajwani's net worth?
According to Forbes Middle East, his estimated net worth was $15.3 billion in its 2026 ranking, placing him among the wealthiest entrepreneurs in the region. His fortune is primarily associated with his property development and investment interests.
How many homes has DAMAC Properties delivered?
As of September 2026, the developer had delivered more than 50,000 homes. Its portfolio includes major Dubai communities such as DAMAC Hills and DAMAC Lagoons, alongside residential and hospitality developments in international markets.
Which luxury brands has DAMAC collaborated with?
The developer has partnered with international brands including Versace and FENDI Casa, integrating luxury fashion and interior design into residential developments. These collaborations have contributed to its position in the branded real estate market.
Was DAMAC Properties publicly listed?
Yes. In 2013, the business raised an initial $348 million through Global Depositary Receipts on the London Stock Exchange. Its shares began trading on the Dubai Financial Market in January 2015. The company returned to private ownership in 2022 following an acquisition process led by Sajwani through Maple Invest.
How does Hussain Sajwani support education and youth empowerment?
Through the Hussain Sajwani–DAMAC Foundation, he supports educational opportunities, skills development and community initiatives. The Foundation has contributed to programmes focused on digital literacy, access to learning and supporting underserved communities.
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