Hussain Sajwani is the founder of DAMAC properties who has been in business for 38 years and is good at what he does. Sajwani has several golf course deals with Trump organization. He is in support of the stance trump has on trade with China. DAMAC properties have gone through its fair share of tough times and due to the worse international trade conditions. The reduce share prices were also responsible for a reduction of his wealth to $3.6 billion. However, the firm is dedicated to have a high level of activity and increase with the goal of building luxury properties in Europe.
Working with the Trump organization has been a smooth experience, the company has been the one building the golf courses for the Trump administration. Even though he is close with the president, the DAMAC owner admits to not using the ties to influence the United States policy. Hussain Sajwani believes that free trade is necessary for business development.
DAMAC properties are Middle Eastern business and have faced obstacles to international trade. The loss of market value is something that Sajwani has faced before and despite all that he is still looking forward to a bright future. The DAMAC owner has also been there longer fro see cyclical markets. There are tough times, but he believes that a business does not have to look at the profits rather than to build its brand name, add more employees and improve on the customer service. DAMAC reports its revenue quarterly.
The DAMAC owner predictions are that the Dubai market will reawaken in two or three years. On his blog, Hussain Sajwani shows that the Dubai property market has been growing since 2002. It was in that same year that DAMAC properties were founded. He also believes that visa laws can boost property demand. Due to the low stock price, DAMAC properties have been forced to stop all the plans to sell its shares. DAMAC properties goal is to expand in London and retain its position. Sajwani said they are open to doing any business in London as long as it makes sense.
Find out more about HSDO: https://www.albayan.ae/economy/local-market/2018-04-18-1.3240562