Hussain Sajwani founded DAMAC Properties in 2002, he remains the majority shareholder and it’s Chairman.
DAMAC Properties was established in 2002 as a luxury real estate developer providing unrivalled living experiences in Dubai, the United Arab Emirates. The Company has grown to become one of the foremost luxury developers, with projects spanning the GCC, the wider Middle East and the United Kingdom.
With an enduring passion for design and quality, the Company has built a reputation for creating some of the most iconic and desirable properties in the region.
Nine Elms Property Limited is a joint-venture subsidiary between DAMAC Properties Dubai Co. PJSC (20 per cent ownership) and Hussain Sajwani through his international property company DAMAC International Company Limited (80 per cent ownership).
Nine Elms Property Limited is the developer behind AYKON London One, a mix-use development that is set to become one of London’s tallest residential buildings and most prestigious residential address. The Nine Elms regeneration area is already home to icons that include Battersea Power Station, the new US Embassy and the New Covent Garden Market.
In an exclusive partnership with Versace Home, the global symbol of opulence, AYKON London One will be the first in Europe to provide the ultimate in Versace-branded living experiences.
Mina Al Sultan Qaboos is a joint-venture development project between OMRAN, the Oman government’s tourism promotion arm and major ownership by Hussain Sajwani through DAMAC International Company Limited.
Mina Al Sultan Qaboos is being redeveloped into a USD1 billion integrated tourist port and lifestyle destination that includes hotels, residences, as well as a dining, retail and leisure offering.
AYKON Maldives Resort is a wholly owned development by Hussain Sajwani through his international property company DAMAC International Company Limited.
Set on a reclaimed island in the Maldives archipelago, this master-planned development includes a 5-star resort hotel offering over 100 luxury suites, bungalows and water villas.
The resort will offer world class dining, fitness and spa facilities and other entertainment amenities.
Hussain Sajwani is the Chairman of Al Anwar Ceramic Tiles Co. SAOG. It is the first and largest manufacturer of ceramic tiles in Oman, was established in 1998 and markets its product range of glazed wall and floor tiles under the brand name ‘Al Shams’. Production began at its first facility in Nizwa, a world-class plant, utilising the latest in machinery and the technical expertise of leading Italian companies. Products are manufactured using locally-available raw materials, and frits, glazes and pigments imported from leading producers in Italy and Spain.
Hussain Sajwani is majority shareholder in Al Amana Building Materials Company LLC, which has a long history of providing a diverse range of high-quality building materials, floors, surface finishes and bathrooms. The Company’s strength is the ability to supply a selection of well-recognised, quality international brands, bringing the best options in the worldwide market closer and more accessible to customers in the region.
Al Jazeira Services Company is an Omani Joint Stock Company, and Hussain Sajwani is a majority shareholder.
Established in 1997, the Company is listed on Muscat Securities Market and has a wide shareholder base represented by pension funds, brokerage houses, joint stock companies, major trading houses and prominent Omani and GCC citizens.
DICO Investment Co LLC, is the flagship investment arm of Hussain Sajwani, and was established in 1992 with assets of AED 3 billion under management across the region.
Investments are divided into four core areas; namely, strategic holdings, ownership of subsidiaries in growth industries, long-term investments in fast-growing banks, and debt instruments issued by regional companies and banks.