Hussain Sajwani is the owner of DAMAC Properties, the largest real estate development company in the UAE. It deals with residential and commercial real estate, but it primarily deals with luxury developments and luxury hotels. He studied at Washington University, started his career at GASCO, which is a division of Abu Dhabi National Oil Company, as a Contracts Manager, and founded his own catering business in 1982. In the early 1990s, Hussain Sajwani got started in real estate and developed several luxury hotels. In 2002, his real estate business had grown so much, and he named it DAMAC Properties.
DAMAC Properties has a portfolio of over forty four thousand units at various stages of planning and development. They have already created over sixteen thousand homes. They have over two thousand employees. They are the largest real estate company in the area.
DAMAC Properties has deals with many other famous real estate companies. For example, they designed a golf course, which is managed by the Trump Organization. In fact, DAMAC owner Hussain Sajwani has been close to real estate mogul and sitting United States President Donald Trump for many years. They have done business together and have become close friends. For example, last year, before Donald Trump was sworn in as President, Hussain Sajwani celebrated the New Year with Donald Trump at Mar-A-Lago. Donald Trump praised the Hussain Sajwani family, saying that they are the most beautiful people.
Hussain Sajwani is also a great philanthropist. In fact, one year for Ramadan, he gave over two million AED dollars to charity. This money went to a campaign that was launched jointly by the Emirates Red Crescent and the Ruler of Dubai and Prime Minister of the United Arab Emirates. The money was used to help provide clothes that would keep needy children warm during the cold weather.
Hussain Sajwani has been listed as one of the top 100 most influential Arabs in the world. He has shown the ability to transfer ideas into reality, lead a company towards extreme growth and success, and be a kind person who gives to charity at the same time.
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About the Boraie Development
Boraie Development is a real estate company of Omar Boraie that deals in property management, sales, marketing, and real estate development. The company operates with other contractors, architects, and financial institutions to complete projects.
Boraie Development LLC Expansions in the South Inlet
A group of development officials, entrepreneurs, and experts, met at Atlantic City Convention Center to envision a transformative idea of the South Inlet two years ago. The event on about.me was organized by the Philadelphia Urban Land Institute division. This is a charitable organization that specializes in real estate policy and land use. The six-day meeting was a research to study to propose a redevelopment plan of the destroyed South Inlet area. It was proposed by the Casino Reinvestment Development Authority.
Boraie Development LLC was consequently awarded the tender to buy the area and convert it into an apartment complex. The company and Omar Boraie was also to demolish the View apartment building at the New Hampshire Avenue and Oriental Avenue intersection.
Wasseem Boraie was the Vice President of Boraie Development LLC. He headed the project. Work began in 2014 with the company constructing two hundred and fifty apartment complex units on nytimes.com. Boraie expressed his delight in the project saying that the Inlet development was to be a joint venture between the agencies, universities, and the public.
Boraie Development’s Projects in the New Brunswick Downtown
The New Brunswick downtown area had faced the continuous relative neglect and a decline in property values says Omar Boraie. The downtown area was still full of low-rent traders even though it had notable entertainment and restaurants options. The area has been under constant considerations for potential renovations despite housing the Rutgers University main campus.
The mayor’s office, leading private firms, and the New Brunswick Development Corp redrew the academic, commercial, and residential landscape of this downtown area. The real estate developer aimed to reconstruct the entire downtown area into powerful economic millennial incentive and transit-friendly live-work-play destinations. Boraie developed part of the land into luxury rental apartments likened to the most stylish Manhattan accommodations. These rentals include the Aspire which is a seventeen storey residential high-rise located next to the New York direct service train station.. The apartments have been received with an irresistible response from potential renters who also value the apartments’ community lounge and kitchens.