The Hussain Sajwani family is known for his company DAMAC Properties, a Dubai Company. Founded in 2002 in Dubai, the company was founded for the purpose of real estate investing.
Although the company falls under engineering, construction and architecture, the company was founded for the sole purpose of investing and overseeing real estate projects. The DAMAC owner chose to label the company for real estate for residential, leisure, and additionally for commercial properties.
Recently, the Hussain family was celebrating the listing of the %500 million Sukuq property on the Nasdaq. The ringing of the bell for this was a celebratory occasion for the family, putting them on the map as one of the most important families to note in Dubai for business.
The properties that DAMAC has worked with are varied, giving them tons of valuable experience for this growing market. Prior to this event, the company was noted for their plans to build a premium hotel property in Dubai.
With the growth of the company and their properties listed, it is no surprise that the company was awarded more than 120 contracts in the beginning of 2017, at the turn of the New Year. Additionally, the Noor Bank has partnered with DAMAC as of March, to aid in the financing of homes. Learn more about DAMAC owner: http://www.forbes.com/sites/kerryadolan/2016/03/01/the-donald-of-dubai-hussain-sajwani-interview/#1b049a722f15
This bank is deemed as the Shari-a compliant lender in the United Arab Emirates. This company is now noted as a luxury real estate company, heading up the plans for only the finest properties for building and for sale.
There are now more attractive financing options for those who wish to invest in real estate in Dubai. This means that those who wish to invest in commercial or residential will both have an edge in the marketplace because of the growth and expansion of Sajwani and his company DAMAC properties.
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