How Hussain Sajwani Took Advantage Of A Growing Real Estate Market In Dubai

Hussain Sajwani’s father was an entrepreneur. Following in his father’s footsteps, very early in his professional career he founded a catering company. One of his proudest achievements with this company was serving food to the United States soldiers who fought in operation Desert Storm. He was given a plaque by the US military thanking him for his outstanding service. In future years his company has been selected to feed American soldiers all over the world including throughout the Gulf, Somalia, and Bosnia. His company has also been used by S&P 500 companies such as Bechtel.

In 2002, Hussain Sajwani could see that real estate was the future of making money in Dubai. The real estate market was just starting to take off in the United Arab Emirate and more and more wealthy foreigners wanted to buy homes in and around Dubai. Hussain Sajwani launched DAMAC Properties so he could take advantage of this opportunity. He had experience in the industry having previously built hotels in Deira. He decided that DAMAC Properties would be focused on building luxury residential properties as well as building upscale retail spaces nearby.

DAMAC Properties has three principals, Hussain Sajwani says. The first is that he won’t go into debt to buy land and instead buys it outright. His second principle is that each escrow account is independent of the others. Finally, he keeps sufficient cash reserves invested in bonds so that if the market turns south DAMAC Properties will be able to continue on its construction schedule anyway.

Including being the DAMAC owner, Hussain Sajwani is also the chairman of the board of the company and its chief executive officer. One of his most recent real estate developments was formed in a partnership with Donald Trump. The development has a golf course as part of it that Trump’s organization manages.

The Hussain Sajwani family lives in Dubai. He has four children. His son, Ali Sajwani, works for DAMAC Properties. His son’s work as a general manager at his company has been exceptional and in 2017 he was named as one of the Future Stars of the Middle East.

 

To learn more, visit http://hussainsajwani.com/.

THE INFLUENCE OF ROBERTO SANTIAGO IN THE BUSINESS INDUSTRY OF BRAZIL

A very common name in the business industry of Brazil is Roberto Santiago. For those who are involved in business in Brazil, Roberto is an inspiration if not a role model to many. He has taken advantage of the growing economy of Brazil over the years. Having said this, Roberto is the owner of the most popular and largest shopping mall in Brazil, The Manaira Shopping mall. This mall is a major contributor to Roberto’s popularity among the entrepreneurs and business persons in Brazil. The mall has over the years been helpful to the community as it provides the people with recreational, social and entertainment services. Santiago was born and raised in Joao Pessoa in the year 1958. He got his college education at Pio X-Marist College and later on qualified to go to the University Centre of Joao Pessoa. Here Roberto chose to study Business administration hence earning his first undergraduate degree.

After a good time, education-wise, in the university, Roberto acquired a working position at a décor manufacturing company, Café Santa Rosa. Although being employed was not his dream, Roberto worked here gaining business values and skills of being a good businessperson. After working at Café Santa Rosa, Roberto had made enough money to start his own company. He started a cartonnage company that dealt with the selling of self-manufactured cartons. He used his business skills and made sure his company was positively growing. Initially, the company started as a cartonnage manufacturer but it later on developed into manufacturing and selling of decorative products. Roberto’s business journey did not end here. He made a decision to venture into real estate owing to his dream of being a landowner. The idea of building a shopping mall came into existence while Roberto was in the real estate industry.

Santiago was determined to make a difference in the business industry of this area. Due to this determination, he saved enough money to build a world-class shopping mall. He was able to fulfil this in 1987 when the construction of the mall started. This lasted for two years, and by 1989, the mall was completed.

In the same year, the official launch of the mall took place with a lot of people anticipating its success. The mall set a bar so high that no other mall in Brazil has been to reach. Since that year it was opened, it has had a lot of transformations in terms of architecture to the building that is seen today. The mall carries several sections that meet the needs of the customers. These sections include game areas that accommodate every age, a food court that has a variety of foods and other entertainment areas. Roberto, being a chance taker, has opened another mall known as the Manaira Shopping mall which is quite a success up to now.