An Interview with Damac Owner, Hussain Sajwani

For the last eighteen months, the real estate industry has not been doing so well in Dubai. It has not been the case for one man in the nation since things have been doing well on his side, unlike for his competitors. Damac owner, founder and president, Hussain Sajwani has been a happy man in his firm.

After the winning of President Donald Trump in the United States, the share price of the company experienced a high surge. However, last year, Sajwani was categorized as the wealthiest tycoon in the UAE.

According to the Roayah News, the fortunes of Hussain Sajwani and his firm have been rising steadily. It is after company collaborated with Trump Organization and opened a golf club. It happened at the Damac Hills mega project, in addition to a guide compiler MSCI’s UAE guide in June.

The share price of the firm on the Financial Market in Dubai has risen to Dhs3.4. Damac owner has had his net worth increase significantly for the last six months. According to Forbes, his net was $3.7bn, but currently, it has increased to $4.3bn.

Damac owner said that 2017 is a stable year for the company since they expect to exceed their set sales and anticipate to handover, as the year will be ending. Hussain said this while at their headquarters in Barsha Heights.

He continued to say that the company had aimed at making sales worth $1.9bn, and they think of exceeding that. They are aiming at their profitability and the handover.

The optimism of Hussain Sajwani is dedicated to the firm’s turnaround. He founded the company in the year 2002 after being into a catering business. His catering company, Draieh Organization Services Firm, was succeeded by the Dubai realtor business to foreign stakeholders. In 2008, the real estate prices went down by sixty per cent; the real estate firm almost collapsed because of this decline.

Since then, the firm has been focusing more on delivery, giving out more than fifty per cent of its units than its peers did in 2010-2011. It was its recovery period before they hurled their new project from December 2012. This energy was shown in 2013 by launching the 42 million worth square foot named as Akoya. Later it was called Damac Hills; this is a massive development with villas, apartments and mansions that are branded.

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Speaker, Radio Show Host & Real Estate Investor Jim Toner

Jim Toner is back in the news again and for good reasons. He has a new book on the market, and he is still seeing great results from his “12 Little Houses Plan.” This plan is an actual program that is designed to help people increase their odds of becoming a success in real estate investing. Toner has been on a mission for many years, and his seeds are starting to sprout. He’s a hard worker, but he doesn’t believe in working 24 hours per day. You have to give your body some rest as well as give your mind some rest. Jim Toner takes a 20-minute nap during his working hours. “Yes, It works for me,” said Toner.

In a sense, Toner is a real estate mogul. He has at least 25 years of experience under his belt, and he has a nice following of aspiring individuals. He’s a people’s person to the highest degree. This man also sticks with his core principles. “I don’t follow trends,” said Toner. He is more of an old school guy that sticks with firm fundamentals. “If someone comes to you with a new set of fundamentals, then you should definitely run,” said Toner. This real estate investor’s programs are user-friendly, which helps to make them even more popular. If there is one so-called trend that Toner enjoys, it would be podcasts. Podcasts are easy to use, are enjoyable and can be used for free. Toner has stated that if you find some good ideas from listening to podcasts, then you should run with them.

Would you believe that this guy is a philanthropist? This is absolutely correct because he has worked with homeless people as well as worked with veterans. Toner’s heart always seems to be in the right place. He has been nationally recognized for his philanthropic achievements, and he’s a member of the Pennsylvania Salvation Army branch. You will not find too many other real estate investors with this much clout in other sectors of business. (More info on his Facebook account).

Toner also works with a financial service provider that’s known as Private Client Group. Thanks to being so successful, his large client-base consistently has a waitlist put into place.

Find out other details about the entrepreneur and philanthropist Jim Toner: https://www.thejimtoner.com/meet-jim-toner

Hussain Sajwani, A Successful Entrepreneur In The UAE

Hussain Sajwani is a respected and one of the most recognized entrepreneurs in the United Arab Emirates. He was the founder of the Global Logistics services which is a catering venture that serves a very large market today and has also been able to support and start a significant number of project. This company was one of the first ventures he started after working for other companies for a long time. He is a graduate of University of Washington with a bachelor’s degree in industrial engineering and economics. He came from a humble background where his father used to sell watches and pens, and his mother was a local hawker. He worked hard despite his background and after graduating from his high school, he was one of the students who qualified for government scholarship. This is how he went to the University of Washington.

After his education, he worked as a contract manager at GASCO after which he moved the Abu Dhabi National Oil company as one of the staffs in the finance department. It is at this time when he learned how to manage the business and got the idea to start his ventures where his first venture was the Global Logistics services. He also founded the DAMAC Properties Company which is a firm that focuses much on the real estate management.

Under his leadership as the founder, the president and the CEO of DAMAC Properties, the company has gone through rapid growth and development over the years. Hussain had identified a business gap that existed in the building and construction sector, and this is what gave him the idea os staring the DAMAC Properties. The company has managed to build a lot of residential apartments in different countries. The company has been able to operate under effective principles that have made it not to have any depts. On land and has been able to be experiencing positive cash flows.

The DAMAC owner also partnered with Donald Trump Organization where they were able to develop the Trump-branded courses. The Hussain Sajwani’s family has also had a close relationship with Donald Trump where they have managed to support and develop a significant number of projects.

An interesting article about Hussain Sajwani’s heart of gold: http://www.albawaba.com/business/pr/damac-needy-children-518106

RE/MAX Aiming to Make it Big in the Big Apple

The RE/MAX real estate brokerage has decided to enter the New York City luxury real estate market in a major way, according to a recent article in Real Estate Weekly.

RE/MAX’s founder, Dave Liniger, bought back the company’s Master Franchise for the entire state of New York. He plans to get local brokerage offices started in New York City, then spread through the entire state. Liniger says he visits New York City a lot, and is anxious to add that territory to his company. He predicted it would happen quickly. He has assigned RE/MAX’s Terry Bohannon to head the head the team to bring RE/MAX to New York.

RE/MAX does have an office in Manhattan, but it has struggled. Liniger says it’s like transferring to a new high school. RE/MAX is known as a suburban brokerage firm, and real estate agents in big cities are different from those in the suburbs. Liniger says it’s a matter of finding the right leadership. They need to sell franchises to brokers with the right drive, ambition and style.

Liniger started RE/MAX in Denver back in the 1970s. It now has over 100,000 agents in the United States and 100 other countries.

The same article cites a real estate company that started up in the New York City in 2010 by Andrew Heiberger, and has become successful. That’s TOWN Residential. It’s become New York’s best firm for luxury real estate services. It handles the sales and leasing of luxury apartments. It also works on commercial and retail property development on the upper end. It’s one of the Top 50 Best Places to Work in New York City.

According to Heiberger, a real estate firm must be big, because it needs enough margin to market effectively. He also dislikes the concept of discounting, because that repels the high-end broker and fails to get listings of luxury real estate, the kind he specializes in.

He emphasized his neighborhood-centered approach to the market. He plans to have offices throughout Manhattan and parts of Brooklyn to fully represent the city. Before founding TOWN, Heiberger pushed Citi Habitats to grow into a major brokerage in the city.