Hussain Sajwani, Founder and Chief Executive Officer of DAMAC Properties began his illustrious career by identifying a real estate opportunity in Dubai. Dubai became known for their decree that allowed foreigners to partake in development and investments. The astute young entrepreneur jumped at the opportunity to invest-turning his venture into a quick success. Hussain Sajwani found a way to sell units before his residential development underwent construction.
The businessman has a humble background of working in his family’s storefront since a very young age. He recalls being a part of the family business since the young age of 3. It appears that his entrepreneurial spirit kicked into high gear as he moved forward into the real estate development market. His company, DAMAC Properties is a leader in the luxury real estate market in the Middle East-delivering state of the art masterpieces that have changed the country’s landscape. Mr. Sajwani also is known for other ventures such as DAMAC Holdings which houses his catering services. The food services business, now called Global Logistics Services, caters to the U.S. armed troops and the construction company Bechtel.
Hussain Sajwani joined forces with Donald Trump to undertake the development of two Trump-branded luxury golf course communities in Dubai. The famous, well-built endeavors are The Trump International Golf Course Dubai and the Trump World Golf Course. Mr. Sajwani is responsible for embarking on well-known development projects with interiors by large labels like Versace, Fendi, and Bugatti to name a few.
Hussain Sajwani has also led DAMAC Properties to the London Stock Exchange which is a feat that has not been accomplished by any other Middle Eastern development conglomerate. Mr. Sajwani has entered many entrepreneurship ventures, making an indelible mark and going where other developers have dared to wander. He is admirably adventurous and continues to use outside the box wisdom with every venture.
The Pew Research Centre is a leading a non-partisan think tank based in America. Recently, the think tank released research findings on the number of middle-aged adults who are stuck providing financial support to their aging parents as well as their college-aged children. According to their research, the Sandwich Generation is made up of people whose age ranges between 30 and 50 and are in that financial situation. These people can feel tremendous financial pressure to provide for the entirety of their family and try to save for their own retirement at the same time.
Saving for retirement can be a difficult process and life can take many turns. That is why some people end up having to rely on their children in retirement. As such, the Sandwich Generation steps in to help, while also having to cope with rising costs of attending college for their kids and trying to save money for their own retirement at the same time.
Those in this situation should prioritize their retirement. Consider saving as much as possible during your youthful years. That way, even as your retirement approaches, you will still have money in your savings account. Meaning that as you continue saving, the social security fund continues to multiply.
Prepare for college early on by creating a college savings account early in the children’s life. That way, you can save yourself from financial burdens during their college years.
Know your parent’s finances as well. If you have to care for your parents, you must understand their financial position and know to what extent you can assist.
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Hussain Sajwani is a well-known property developer. He is the chair of DAMAC properties, which is a real estate company. He was born to a businessman who had a shop where he sold watches, and his hard work at school saw him become one of the few people from his country back in 1952, the Middle East, to study in the US. In America, he studied at the University of Washington taking up a course in Engineering and Economics. Learn more: http://www.independent.co.uk/news/people/donald-trump-new-years-eve-speech-president-elect-dubai-business-partner-hussain-sajwani-mar-a-lago-a7507551.html
In 1981, the DAMAC owner, Sajwani began the journey to his career. He secured a position in the finance department at Abu Dhabi Gas industries. After working here for two years, he started a catering business which is now known as Global Logistics Services, and his most frequent clients included the military of America and Bechtel. 21 years later, that is, 2002, Sajwani founded DAMAC properties, which is one of the most prominent real estate organization in the Middle East.
Until the company’s inception to now, it has done a lot in the market. For instance, it has 19000 apartments and 44,000 units. Also, its great works have seen the company being listed on the Dubai Financial Market. Sajwani is a father of four and married to one wife.
The Hussain Sajwani family has worked in liaison with other business ventures. For instance, they have apartments that are made with the interior design skills of Fendi and Versace, some villas that are styled with Bugatti, Paramount Hotels and Resorts, golf courses among others. Before Donald Trump became president, he had business with this entrepreneur in that Sajwani branded him two golf courses.
The company is a real estate firm located in Dubai. Considering the high population in Dubai, it gives a good room for their business in that lots of people are involved in construction. The company is not only useful in the Middle East but also other countries like Qatar and the Kingdom of Saudi Arabia. Sajwani being a man of pure heart, he does not just keep all his wealth to himself. He frequently gives donations to programs that are dedicated to taking care of children. Also, he provides financial aid for refugees from areas like Lebanon that have been affected by Huda.