Hussain Sajwani is a billionaire and he earned every penny of it. His real estate empire extends all throughout the Middle East and Beyond. As a schoolboy he vowed to never become a businessman because his father made him work very long hours after school in the clock business owned by the family.
However, he had a change of heart when he found a great wholesale source for candy which he then proceeded to sell to his classmates at school for a nice profit. He discovered his own talents for making money with that venture.
He received a degree in engineering from the University of Washington in Seattle, and then returned home to Dubai to work as an executive in an oil firm. When the Gulf Wars broke out, he formed a company to provide catering to the US Army and other major contractors. That business is still a part of his overall business empire and is still very profitable.
In 2002, Sajwani founded Damac Properties which was put in place to take advantage of a ruling from the government that allowed foreigners to take up permanent residence in the UAE. He used his experience and capital from the catering ventures to purchase land in an undeveloped area and start his first project. That development sold out withing six months. The construction of the 38 story apartment complex had not even begun yet, buy Sajwani’s explosive promotional abilities were responsible for the creation of a huge demand that carries over even unto today.
The Damac owner always pays cash for his land and never finances any portion of the rest of the projects more that a 20 percent total. Each project has a separate accounting and bank account, so that each development stands on its own. There is always sufficient reserves set aside for each project so that construction will continue even if the economy goes south.
The Hussain Sajwani family is also involved in various aspects of the business where their individual talents can be applied. Sajwani is aware of the need for passing on the legacy to family members who are involved and capable of running the business.
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Do you need a place to live in Baltimore, Maryland? Have you ever heard of the exceptional and superb investor known as Todd Lubar? Well, he is a real estate investor from wonderful New Jersey. Recently, Lubar talks about the younger professional demographic population increasing in the charming and thriving area of Baltimore. Jobs are growing, which is bringing an expansion of the public transportation system. This also includes the various options of increasing apartment options, which shows an increase in the economy. Lubar just wants to help people to get their loan approved and launch their business, venture or simply buying a house. Lubar also mentions the many notable conversions of certain landmarks in the Baltimore area. The building on 10 Light Street has been converted into different levels, which include a training center and a gym. This will definitely attract millennials to work out and feel like renting out an apartment or buying a condo in the area.
According to Patch, Lubar thanks his rewarding accomplishments to his education. Lubar attended Syracuse University in 1995 for his Bachelor of Arts in Speech Communication. He always tried different methods to make himself perform better when taking exams and him trying to get the highest score possible. Lubar always participated in class discussions and always asked questions to make sure he knew everything about the class topic. He kept in touch with his college friends, which helped him to grow his network of connections that he can utilize later in life. Thanks to his education, Lubar was indeed able to acquire a job at Crestar Mortgage Corporation around 1995-1999. He was always the best employee from his competitive peers. Check out Medium to know more.
Todd Lubar was highly regarded throughout his work ethic and swiftly was offered a corporate executive position at another company. Legacy Financing Group catapulted his career in the real estate industry. In Legacy Financing Group, he was in charged to generate $100 million dollars each year in loan volume as well as equity. Right after, he accepted a job as the Senior Vice President in Charter Funding, which he expanded from real estate to other significant independent ventures such as a recycling business that would make him more prestigious in the field.
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