CNBC in January had an opportunity to sit down with Hussain Sajwani, Founder and Chairman of DAMAC properties during the World Economic Forum 2018. They touched on many different subjects including the development of two golf courses, Sajwani’s outlook on the property market in Dubai, and opportunities he sees in the United Kingdom.
Regarding the construction of two golf courses designed by Tiger Woods, they will be managed by the Trump Organization. Concerns raised whether President Trump, often associated with his brand, would effect DAMAC’s business performance as a result of his decision on Jerusalem.
Hussain Sajwani reassured his interviewers that he believed there would be no effect whatsoever. In fact, not only did the completion of the first golf course result in favorable results regarding its design and build-quality of the course, but DAMAC could see growth when results are shared later on. Sajwani also added that the golf course is one of the best in the world.
When it came to the property market in Dubai, Hussain Sajwani first addressed concerns of overcapacity. The market in Dubai is calling for at least 15,000 units every year, where over the last three years DAMAC has produced less than 10,000 overall units in each of those years. Therefore, not only is there room for growth but in the coming years, he expects production to draw closer to 10,000 to 12,000 units. Not just coming close to a supply and demand equilibrium, but it is also clear there is room for substantial growth in the market moving forward.
Lastly, Hussain Sajwani remarked his thoughts on growth in the United Kingdom. With an overflow of cash flow, he believes this cash is not fully leveraged at presence. Therefore there is a desire to invest in the right places. One of which is the UK, especially following Brexit where the pound is now priced more attractive when compared to pre-Brexit. The property marketing is also much more appealing as a result.
With the foreseen continued growth, Hussain Sajwani surely can expect to see DAMAC continue to perform despite perceived headwinds such as the recent headlines the President made.
Ryan Seacrest is famously busy throughout the day. Once in an interview he ticked off the number of jobs he had, including his live radio show “On Air With Ryan Seacrest” among others, and ticked off nine of them. He says that he works efficiently in order to keep up with everything that is going on. He has also learned to consolidate some of his jobs to just one location. For instance, the studio for “on Air With Ryan Seacrest” is just down the hall from where his tv show tapes.
Another way he keeps up with the pace is by having developed a great team around him. He says he has experts on his staff to help him manage each of his jobs. They keep him updated on what is going on and what’s coming up next. He says he also gets a series of emails at the end of each day where he is told what happened in each division.
It was 13 years ago that Ryan Seacrest founded a production company. He says it started with just one employee. He was watching “The Osbournes” and he found it really great. He thought about starting something similar with another family. He knew Kris Jenner wanted to start a show about her family and Ryan Seacrest thought that was a great idea. The result was “Keeping Up With the Kardashians” and now it has had numerous spin-offs that he also produces.
While he had success in Hollywood before hosting American Idol, that was the show that put Ryan Seacrest on the national map. His hosting of that show led to numerous opportunities to host other events, among them New Year’s Rockin’ Eve on ABC. He started appearing on that show in 2005 while the longtime host Dick Clark took more of a back seat due to his having suffered a stroke.
“On Air With Ryan Seacrest” is on each weekday. It is a four-hour live radio show which is on from 6 a.m. to 10 a.m. PT. He used to produce this show in California but he has since moved the studio to New York.
Hussain Sajwani has had one of the most varied business careers in the luxury real estate industry which began long before he established his DAMAC Properties group in the early years of the 21st-century. The many twists and turns taken through the career of Hussain Sajwani have taken him from an accounting career in the oil and gas industry to a range of business opportunities culminating in the creation of his DAMAC Properties luxury real estate company.
The DAMAC owner began his career working for Abu Dhabi Gas Industries after completing his education at the University of Washington in the U.S. It was while working with the gas industries giant that Sajwani set out to create his first entrepreneurial endeavor providing food services to the oil and gas industries in the United Arab Emirates which has now expanded across the world into areas of Africa and Asia; the food services company of Hussain Sajwani has grown to include work completed alongside the U.S. military during the conflicts in Iraq and across the planet. Learn more: http://www.hussainsajwani.com/
In many areas, Hussain Sajwani is best known for the work he has completed in the real estate industry which has seen him build an important business partnership alongside U.S. President Donald Trump. In fact, Hussain Sajwani has been given the nickname of “The Donald of Dubai” because of the way his luxury real estate career has mirrored that of the New York-based real estate mogul.
Over the last few years, Hussain Sajwani has formed a close working relationship with President Donald Trump and his family which has led to the President referencing Sajwani and his DAMAC group in a New Year’s Eve speech as a respected and important business leader in the luxury real estate sector. DAMAC Properties is responsible for the construction of two golf resorts bearing the Trump name which bring together the expertise of the two real estate giants.