Hussain Sajwani DAMAC Properties are still dedicated to the expansion of its activities across Europe. Despite being hit hard in 2017 by the worsening international relations following the Triumphs trade policies. DAMAC Properties has been in operation since 2002 with specialization in matters real estate development. Hussain Sajwani in an interview with Bloomberg explained that he was willing to take the risk in London. Despite the looming economic and political situation across the globe as well as Brexit jitters.
Hussain Sajwani, the Founder and Chief Executive Officer of DAMAC Properties expressed his satisfaction with the partnership he had signed with the Triumphs Organization. He commented the firm for having provided a platform for DAMAC Owner to develop his golf courses.
He went ahead to say that his partnership with the Triumph Organization is the strongest he had ever witnessed as CEO. And he was sure the partnership would move DAMAC Properties a notch higher. Not necessarily because the President owns Triumph Organization. He states that being the president is way different from the productivity of the companies.
Though the DAMAC Owner feels that free trade is key to business development. He is not planning and has no interest to influence the decision by the President even though he is the Presidents’ ally. He thinks that free trade would have impacted especially the United States positively.
The DAMAC Owner further stated that he was not surprised with the 25% decline in market share. Since he has been in the industry for 38 years now. Cyclical markets is never a new thing either. Hussain Sajwani says the best way to handle the ups and downs in business is to source an able team, rebrand and restructure. Other things will then follow suit. He also decided to free all his shares until the time when the market share price will stabilize
Since being incepted in 6 years ago, the company has been ripping high and has built a series of high-end condominiums in Dubai and outside of Dubai. Some of the condominiums have constructed with residential complexes and villas. Currently, Hassan Sajwani’s immediate target is the European market. The firm had already made a feasibility study in London in 2017 before it went down. And it is willing to do what it takes to establish itself in Europe.