Hussain Sajwani worked for his father in the family store when he was a teenager in Dubai. His entrepreneurial father ran a local variety store in Dubai and Hussain worked some very long hours after school. He told his father that he did not want to be self-employed on his own because the hours were so bad. He thought it would be better if he got a college degree and became a professional so he could work regular hours.
Hussain did obtain a scholarship to the University of Washington in the United States and he graduated with an engineering degree. He then went back to Dubai and went to work as an engineer for an oil company. That career ended, however when Hussain saw a business opportunity. He formed a catering company that provided the food for the United States Army during the Gulf Wars. This was a huge success for him and the company is still in business to this day.
Another big opportunity came about when the UAE made the announcement that the ban on foreigners immigrating to the UAE was lifted. This meant that there was going to be a real estate boom according to Sajwani. And he was correct all the way. It turned out that Sajwani was a suburb promoter and marketer. His skill in this area along with an instant demand created a very good future for the Hussain Sajwani family.
One of Sajwani’s top slogans read, “A New Bently for Each Apartment.” That type of publicity along with the excellent product offered by the DAMAC owner proved to be a winning strategy. His first construction project for apartments was totally sold out before the construction was even started.
Sajwani also was very conservative in his business practices as he always paid cash in advance for the purchase of land. As far as financing the rest of the project, he only financed 10 to 20 percent of the construction and finishing of the project. This has served him well as each project stands on its own. He also sets up separate bank accounts and accounting for each project.
Visit http://www.hussainsajwani.com/ to learn more.