Damac Properties is a company that is based in the UAE. Hussain Sajwani is the Damac owner and CEO. It is a well-known company today for a number of reasons. The most prominent reason is that it is into glamorous marketing stunts for its property developments.
These marketing gimmicks are unique as well as innovative too. Their latest marketing strategy is to offer a free luxury car with each apartment that gets booked. The recent development by Damac Properties was its golf course project. It was developed in collaboration with the company owned by Donald Trump. Learn more about DAMAC owner: http://www.gulfconstructiononline.com/news/story/4267
It is important to know about the origins of Hussain Sajwani here. He is the founder of Damac Properties. But his origins are from a very different business that is not linked to real estate at all. He started his career in the field of food service.
In 1991 when the first Iraq War was going on, his firm was providing food service to the U.S. Army. This is when he even received a plaque of honor for his work. During this time Hussain Sajwani was able to build contacts with the U.S. Army.
Today Hussain Sajwani is 57 years old. Hussain Sajwani has worked for the American Army in several other countries that include Somalia, Bosnia and even in the Gulf. He was also providing food service to other big American companies that included Bechtel besides many other large corporates.
The Hussain Sajwani family is known today for their property business. Still, Sajwani continues to maintain his food business. It is an integral part of the Damac Group today.
This way Hussain Sajwani is able to remember his first business expertise always. This also serves as a reminder of how he could cultivate important friendships with people who were in high places. This was on an international scale.
Today the prices of property are going up. DAMAC property is all set to take advantage of this situation. Hussain Sajwani is considering an initial public offering now for his company. Most likely he will consider London Stock Exchange as his IPO venue.
He is not telling much about his potential IPO plans. This is because the process is still going on. Everything is in the early stages.