Hussain Sajwani is the chief executive officer, chairman, and founder of the DAMAC Group. His company focuses on creating luxury properties for its clientele and is located in Dubai. The company was created in 2002 and has been expanding its reach, year after year, ever since. The company has finished up many different commercial, residential, and multi-use projects in a spread of regions in the Middle East including Saudi Arabia, Qatar, Dubai, and Abu Dhabi. In recent years, DAMAC has created some of the most luxurious property offerings in the world.
Hussain Sajwani has worked with many famous people, and one of them is Donald Trump. President Trump and Sajwani worked together when DAMAC Hills was built, which is a master development that sits on millions of square feet. Trump International Golf Club Dubai opened in Dubai in DAMAC Hills followed by the Trump World Golf Club Dubai, which serves another DAMAC luxury development. Trump and Sajwani plan to continue to do business with one another in the future and have also been seen in social situations together. One of these gatherings took place at Trump’s Mar a Lago estate during a New Year’s Eve celebration where Sajwani and his family were invited to attend.
Hussain Sajwani is also a philanthropist who has worked to help many people from all over the world. He donated AED 2 million to help the Red Emirates Crescent with its mission to clothe a million children and was thanked by the manager of the organization, Mohammed Abdullah Alhaj Al Zaroni, for his donation. At the time of the donation, Sajwani commented on the importance of taking care of the future of the children in the world. He believes every child deserves to have the resources they need to succeed.
Hussain Sajwani learned about the business world when he was younger by working in his father’s shop. He came to the United States to study at the University of Washington and earned his bachelor’s degree in industrial engineering and economics there. On top of building a successful real estate company, Sajwani also created a catering business that is still one of the best in its industry, to-date.
Follow Hussain Sajwani @hussainsajwani on Twitter.
The Press of Atlantic City gave a report concerning an underway project that supposedly should introduce 250 new apartments to the City of Atlantic. This project is being overseen by Boraie Development LLC and will well be the first market-rate development the city has seen for 25 years. The complex is bound by the Pacific, Atlantic, Connecticut and New Jersey and is dubbed The Beach at South Inlet and should take $81 million to complete, serving more than 50,000 residents of the town.
This development illustrates the optimism levels towards the growth of the city following a landmark 10-year slide, whereby the new casinos in the close by states left the gaming industry of the resort crippled. Casino closings in the town turn out to have right-sized the sector, and new non-gaming investments like the Atlantic City Gateway play the role of supporting forces. This project will liberate the area from the recent struggles and provide a much-needed boost. Check out State Theatre New Jersey.
After the realization, providing modern housing stock follows. The Vice President, Boraie, Waseem Boraie, told the press that the market of renting has new generation renters who know precisely what they are looking for. For this reason, the complex aims to provide amenities such as gym, pool and even residents lounge. Visit Central Jersey Working Moms to see more.
According to the report, an excess of 61% of the housing stock of the city is well over 40 years. Boraie Development offers an assortment of services that focus on every area of the urban markets in real estate. The firm comprises of a team enthusiastic to create wonderful property and at the same time offer unequaled services to their customers. The company has, in turn, worked with the most superior financial companies, architects who have great vision and even contractors who can understand deadlines ensuring timely completion with success of all their projects. For more check out Bloomberg.
The company employs its capital, vision, and even reliability to each project they do. The thirty-year track record at Boraie makes them a developers’ firm under a lot of demand for oversight of projects. The business also goes into project management, keeping the strategy by maintaining the properties with the utmost detail and undertaking physical facelifts progressively. Boraie also participates in marketing real estate to drive sales. With big sales teams, the company can integrate seamlessly with property management and development to understand the fundamental residential and commercial factors for all the developments they undertake.