DAMAC Properties was founded by Hussain Sajwani, who serves as their Chairman and majority shareholder, in 2002. DAMAC Properties is a real estate developer that focuses on luxury properties. While the DMAC owner initially focused on providing the best luxury living in Dubai, India, their market has expanded drastically in since it was initially founded. Currently, the DAMAC owner serves not only Dubai but also the Middle East, the United Kingdom, and the GCC. Damac Properties has a strong passion and focus on making sure their designs and quality are second to none. According to Roayahnews.com, Hussain Sajwani, the DAMAC owner, has worked diligently to help his company achieve an excellent reputation in luxury real estate for creating properties in the area that DAMAC Properties serves that are some of the most desirable in their entire region.
While Hussain Sajwani is well known for his work as the DAMAC owner, he is also highly involved in the world of investing through DICO Investments. DICO Investments was founded in 1992 and had $3 billion in managed assets that were distributed throughout the region. Growth industries subsidiaries, fast-growing banks investing, strategic holdings, and debt instruments from banks and companies in the region.
In Oman, the DAMAC owner Hussain Sajwani acts as Chairman for their largest ceramic tile manufacturer, Al Anwar Ceramic Tiles Co. Al Anwar Ceramic Tiles Co. produces glazed tiles for both walls and floors through their brand Al Shams. Their products are made using the techniques from some of the top Italian tile companies using state of the art machinery. While the material used to create the ceramic tiles are manufactured from raw materials that are sourced locally, their pigments, glazes, and frits are imported from Spain and Italy from the top produces.
In addition to the companies that are listed, Hussain Sajwani is involved with Al Jazeira Services Company as their majority shareholder. The Al Jazeira Services Company that was established in 1997 has a considerable base of shareholders and is traded on the Muscat Securities Market. Their shareholders include brokerage houses, major trading houses, private citizens, pension funds, and various joint stock companies.