Hussain Sajwani is well-known in Dubai for being a real estate mogul. He founded DAMAC properties in 2002, and this was the beginning of his success in real estate. In 1982 Hussain Sajwani was in the catering business before moving on to DAMAC properties which is part of the DAMAC Group that was previously established in 1992. DAMAC Properties has grown to be a world leading real estate firm, and it was listed in the London Stock Exchange. It is the first company in the Gulf region to be listed on the LSE. The company was also listed in the year 2015 on the Dubai Financial Market.
Regional Turmoil reaps benefits for Dubai
DAMAC owner believes that regional turmoil has tremendous benefits for Dubai. Hussain Sajwani is not worried about it and believes that the country mostly benefits from the unrest rather than experience losses. Dubai being among the top 5 safest states in the world is home of millions of people, and despite it being surrounded by war zones such as Iraq and Egypt, it continues to be safe. When their neighboring countries such as Lebanon are experiencing war, most of the individuals come to Dubai to seek safety and security.
As per watanserb.com, DAMAC owner believes that Dubai has always benefited from the regional turmoil. For instance, when Iraq and Iran were at war eight years ago, the trade between Dubai and Iran increased tremendously. Also, when Kuwait was invaded by Kuwait in the year 1990, a total of seventy thousand civilians fled to Dubai. They migrated to Dubai and stayed there, and since then the relationship between the United Arab Emirates and Kuwait has expanded. The two countries now have an efficient economic and political relationship, and they are on friendly terms.
DAMAC owner (@hussainsajwani) states that the benefits from regional turmoil are endless and one should not view it as a negative aspect of the business. Dubai continues to become one of the most advanced states in the globe. The city uses distributed ledger technology and wants to incorporate the use of passport-free airports to be used.