Billionaire Hussain Sajwani Has Realestate Business Ties With Trumps

Billionaire Hussain Sajwani is the founder and CEO of DAMAC Group, a property development firm in Dubai. Sajwani started the company in 2002 when a Dubai government decree changed the laws related to real estate. Sassanian was able to capitalize on this legal shift and sell real estate in Dubai that was under developed. He helped to make the value of Dubai property obvious to consumers, and made several lucrative deals very quickly under the new laws. His first move was to purchase property and develop a thirty-eight story residential building. He sold units in this building in just months, and this started his career off with success. Soon he had many deals and the DAMAC company was growing. Sajwani saw that the international market represented a new frontier for Dubai real estate, and excelled at developing international relationships.

 

One such relationship is the partnership that he formed with President Donald Trump, beginning in 2013. This began with a deal for an international Trump brand golf course. The two real estate titans formed a mutually beneficial deal, and went on to develop a second golf course together. Since this business transaction, Trump and Sajwani have become allies, moving beyond business into personal friendship. Sawjani said that the Hussain Sajwani family enjoy a wonderful relationship with the Trumps. He stated, “We’ve been in New York having lunch and dinners with them regularly. And, you know, you enjoy working with somebody — it’s not only cold business relation.”

 

Sajwani’s DAMAC Group business deals with President Trump have subsided since the presidency began, to prevent any conflict of interest. However, the DAMAC owner himself says that Trump’s children, Ivanka, Eric, and Donald Jr. have remained involved in business deals, and that the two families continue to have a very positive relationship. Ivanka, Eric and Donald Jr. continue representing the Trump brand to real estate developers on an international level, and Ivanka in particular holds meetings all over the world. Sawjani has said that Ivanka is a very dedicated, hard worker and has been very involved in ongoing projects which hold a great deal of promise.