Hussain Sajwani has embarked on the next step of making DAMAC Group a truly global organization. The real estate investor has announced that the company is preparing for an Initial Public offering (IPO). He believes that the transaction will enables investors to invest in the company and take advantage of its booming business. The IPO will help the company to raise the funds required to invest in different markets around the globe. DAMAC Group is known for developing and managing high-end luxurious properties. Recently, Hussain Sajwani posited that his catering business is part of DAMAC Group, as it reminds him of his entrepreneurial roots.
DAMAC Properties has continued to maintain its leadership position in the competitive the Dubai real estate industry courtesy of its luxurious properties and glamorous golf course projects. One of its advertisements offers a free Bentley for every luxury apartment that an investor buys. The glamorous golf course projects have been undertaken in collaboration with Donald Trump’s company. These projects have brought Hussain Sajwani family and Trump’s family closer. In the recent past, President Trump invited Hussain Sajwani and his family to grace his occasion.
Hussain Sajwani is confident that DAMAC will continue to thrive in the global market. He notes that the company started from a humble beginning. They have a high client base owing to their high quality products and services. In 1991, the DAMAC owner incorporated a catering company that offered its services to the US Army during operation Desert Storm. The quality of its services saw the army contract it to supply food to its soldiers in other regions such as Bosnia and Somalia.
As the real estate boom was gaining traction in the United Arab Emirates, Hussain Sajwani decided to incorporate DAMAC Properties. In the last 15 years, the company has been able to expand its operations to different countries in the Middle East. In addition, they have worked closely with other international companies such as the Trump Foundation to develop glitzy properties. Hussain Sajwani eyes several real estate markets across the globe, including Boston. It is expected that the company will soon open operations in the city. Sajwani engages in charitable activities. In the recent past, he pledged AED two million to an initiative seeking to cloth many children around the globe.
To learn more, visit http://www.damac.com/.