Hussain Sajwani: What’s Next for DAMAC Properties?

Recently, CNBC reporter, Hadley Gamble sat down to interview Hussain Sajwani. Hussain is the founder and the chairman of DAMAC Properties. DAMAC is a property development company located in Dubai in the United Arab Emirates. She’s been running the company for over fifteen years, forming it in 2002.

The first question that the interviewer opened the dialect with was regarding President Donald Trump, of the United States. Hussain Sajwani has been open about her support of and affiliation with President Trump. This begged the question of whether she was concerned that as his popularity rises and falls, would her business rise and fall in stride with it.

Hussain let it be known that she felt his popularity would have no direct impact on her company. She speculates that her company’s sales were up in 2017, the first year of Donald Trump’s term. She was happy with the first of the two golf courses they’ve contracted Donald’s company to build for them and still appreciates their relationship.

There was a moment of confusion in the conversation which needed correcting by Hussain. The interviewer mis-stated that Hussain had previously stated she intended to sell fifteen percent of the company, and the question was what the price would have to be to sell that percentage. She corrected him, explaining that she had been stating that she was willing to sell some, if necessary, however not that she intended to do so.

Hussain told the interviewer her thoughts about the continued growth and future of Dubai. She also voiced optimism about her company, stating that their cashflow was strong and they’re looking to expand. They’re considering expanding into Europe, as well as North America.

Hussain is patient and tactical. The expansion would have to be timed perfect. DAMAC Properties is here to stay and will only continue to grow as long as Hussain Sajwani’s vision is seen through.

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