You have heard of rigorous stories regarding the real estate business and how you can succeed in the industry. Perhaps you have also heard that those who are in the real estate industry have dealt with challenging market shifts and shares in different aspects of the same business. Therefore, if you want to invest in real estate, you must familiarize yourself with some of the challenges posed in the industry. For instance, in 2008, the real estate market in Dubai suffered a significant setback characterized by plunging property shares alongside a slash of jobs in companies that deal with property development. In such moments, a real estate developer needs to be brave by emulating the likes of Hussain Sajwani who suffered in that same setback. Perhaps it is critical to note that Sajwani the DAMAC owner was always passionate about business from a tender age. Still working close to his father, he dedicated most of his time to attend to clients in the best possible ways.
The Beginning of his Career
Sajwani, the DAMAC owner, grew up in the Middle East. While he worked with his father at his shop, he also had personal dreams to achieve. Therefore, at that moment, he developed some passion for formal career and decided to enroll for education at Baghdad. While he majored in medicine, Sajwani changed his interests and decided to move to America where he joined the Washington University for a bachelor’s degree in economics then later on engineering. When he was school, the DAMAC owner showed some interests in creating strong relationships with like-minded individuals. Therefore when it was graduation time, he was ready to join the job industry. Thereafter, the DAMAC owner found a job at GASCO, an oil company in Abu Dhabi.
Starting his Business
After a few years into the employment industry, Hussain Sajwani decided to start a business in the sector of hospitality. Therefore, he ventured into food catering where he served more than 1 million clients annually. Seeing that he was good at what he does, he decided to start DAMAC Properties. Currently, the business is ranked a leading real estate company in Dubai. Moreover, over the years, DAMAC Properties has developed into one admirable company that supplies luxury products to its clients.
Surviving the Crash
However, like any other business, DAMAC Properties suffered a setback when the 2008 market crash claimed millions from real estate investors. Moreover, Hussain Sajwani the DAMAC owner was one of the people who was primarily affected. For that reason, he remembered his father’s teachings about patience and dedication. Similarly, he was tempted to give up. However, the DAMAC owner gave his best to the business by instigating viable business strategies that would later on work well for DAMAC Properties.