Over the past 20 years, one of the most vibrant real estate markets in the world has continued to be the real estate market in Dubai. In this time period, the city has seen many different properties be developed that are now considered some of the top buildings in the world. One company that has continued to be among the top real estate developers in all of Dubai has continued to be DAMAC Properties.
While there are many skilled individuals that work for DAMAC Properties, the company has continued to benefit from the leadership of Hussain Sajwani, who first founded the company in 2001. Ever since developing the company, Hussain Sajwani has continued to develop some very significant and impressive properties all over the city.
Hussain Sajwani was recently interviewed by CNBC and gave some very interesting insight into his company and the future of the Dubai real estate market. One of the subjects of this interview was in regards to the future of his firm. Hussain Sajwani stated that he is open to selling off a limited part of the company to raise liquidity. He would also like to partner with individuals that are aligned with him in terms of the growth of the firm.
The interview also discussed the future development of the Dubai real estate market. While the market has been going up a lot in recent years, Hussain Sajwani sees the market starting to stabilize. He stated that the growth the past few years has been very modest at just about three percent per year in terms of new supply being added to the market.
Due to the potential stabilization of the real estate market in Dubai, Sajwani has also stated that he is now looking at other areas for growth and expansion. Sajwani believes that there is a lot of potential for the real estate market in the United States and some select areas of Europe to increase in value, which provides a lot of potential to DAMAC Properties. Sajwani also already has a good understanding of the market due to other business he has in these areas.