Latest news with #HussainSajwani
Mid East Info
12-05-2025
- Business
- Mid East Info
Revealed: The Winners of UAE Realty Awards 2025 by Finance World Magazine
The highly anticipated FinanceWorld UAE Realty Awards 2025 unfolded in grand style at the luxurious Sofitel Dubai The Palm, setting a new benchmark for excellence, glamour, and celebration in the UAE's dynamic real estate and finance sectors. Presented by Wasaya Investments and powered by iFund Factoring, driven by The Elite Cars (a subsidiary of Elite Group Holding ) and supported by FnP , the event was a magnificent gathering of senior government officials, veteran industry leaders, renowned real estate experts, financial visionaries, and distinguished guests, all coming together to honour the brightest achievers shaping the future of real estate in the UAE. Award Categories and Winners: In a moment of true recognition, Hussain Sajwani, founder and chairman of DAMAC Group , received the Lifetime Achievement in Real Estate Award. This prestigious award celebrates his extraordinary career and pivotal contributions to shaping the modern real estate landscape of the UAE, solidifying his status as a true industry icon. From the moment guests arrived, the evening radiated elegance, set to the enchanting melodies of internationally renowned flute player Liss . The venue dazzled with sophisticated décor, providing the perfect backdrop for networking, celebration, and inspiration. The night commenced with a high-energy performance by African Drummers UAE , instantly electrifying the atmosphere. This was followed by a spellbinding act by internationally acclaimed Emirati mentalist Moein Al Bastaki , whose mind-bending performance captivated and amazed the audience. Throughout the evening, an atmosphere of pride, unity, and visionary ambition prevailed. Finance World Magazine honoured the outstanding leaders and organisations whose contributions over the past year have helped shape and elevate the UAE's real estate industry. As the UAE's real estate landscape continues to evolve and thrive, FinanceWorld remains committed to recognising and celebrating the leaders, innovators, and pioneers who are building the cities of tomorrow. The awards ceremony highlighted the resilience, innovation, and vision that continue to position the UAE at the forefront of global real estate and financial development.
Time of India
23-04-2025
- Business
- Time of India
Meet Hussain Sajwani: This Dubai billionaire will invest $20 billion in US - Met Donald Trump & had Breakfast with Elon Musk
Hussain Sajwani Dubai based billionaire: Hussain Sajwani, a Dubai-based billionaire and the chairman of Damac Group, recently made headlines after sharing a photo with tech mogul Elon Musk and Shivon Zilis, Musk's Indian-origin partner. The picture, posted on X (formerly Twitter), was taken at the White House during what Mr Sajwani described as a 'memorable morning breakfast' with Elon Musk and his family. And another post he met with US President Donald Trump, "It was a pleasure to meet President Donald Trump once again at the Oval Office, a valuable moment of dialogue and exchange.", he wrote. It was a pleasure to meet President Donald Trump once again at the Oval Office — a valuable moment of dialogue and exchange. The post sparked curiosity as to why Hussain Sajwani was at such a high-profile location alongside one of the world's most influential entrepreneurs. The answer lies in his recent announcement of a massive investment plan in the United States. Hussain Sajwani Net Worth & Background Hussain Sajwani is one of the most successful businessmen in the Middle East. He is the founder and chairman of Damac Properties, a real estate development company known for its luxurious projects in Dubai and beyond. According to Forbes, Hussain Sajwani's net worth is around $10.2 billion as of 2024. His business empire spans across property development, hospitality, and now, international tech infrastructure. Longstanding Ties with Donald Trump Hussain Sajwani's name is not new in the American spotlight. He gained attention in 2016 when he appeared at a New Year's Eve party hosted by Donald Trump at Mar-a-Lago. At the time, Damac was building a Trump-branded golf course in Dubai, showcasing their strong business ties. Fast forward to 2024, and Sajwani is once again in the company of Donald Trump — this time, for a much larger venture. $20 Billion Investment in the United States Hussain Sajwani has announced plans to invest a whopping $20 billion in the United States, focusing primarily on building state-of-the-art data centres. The investment is expected to cover multiple states, including Arizona, Michigan, Texas, Ohio, Louisiana, Oklahoma, Indiana, and Illinois. According to Donald Trump, who stood beside Sajwani at a press conference earlier this year, the investment 'will support massive new data centres across the Midwest and the Sun Belt regions,' and 'keep America at the forefront of artificial intelligence and technology.' More Than Just $20 Billion? While the initial plan includes a $20 billion investment, Hussain Sajwani has hinted that the amount could grow even further depending on market conditions. 'If the opportunity allows, we are ready to expand beyond this,' he reportedly said, signalling his long-term commitment to technological development in the US. Why This Investment Matters This massive project marks one of the largest foreign investments in US data infrastructure. It reflects Hussain Sajwani's vision of future technology and solidifies his reputation as not just a real estate tycoon, but a global investor with a sharp eye on innovation. With close ties to global influencers like Donald Trump and Elon Musk, Hussain Sajwani is becoming a central figure in the growing intersection of business, politics, and technology. Hussain Sajwani's journey from building luxury properties in Dubai to investing billions in American data centres is a testament to his ambition and vision. With his net worth climbing and global partnerships expanding, Hussain Sajwani is a name we'll be hearing more often-especially when conversations involve Elon Musk, Donald Trump, and transformative investments in the United States. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here.
Al Etihad
17-04-2025
- Business
- Al Etihad
UAE tops Forbes' Most Impactful Real Estate Leaders list for the region
18 Apr 2025 00:19 MAYS IBRAHIM (ABU DHABI)The UAE has topped the 2025 edition of Forbes Middle East's Most Impactful Real Estate Leaders list, with 42 company heads recognised for their influence and achievements. The list highlights key figures who are driving the future of real estate across the MENA region. Following the UAE's lead are Saudi Arabia and Egypt, with 21 and 16 entries, rankings reflect a year of remarkable growth for MENA's property sector in 2024, underscored by record-breaking transactions, major mega-projects, and soaring investor confidence, according to Forbes Middle East. 'The region positioned itself as a driving force in the global property market, with Dubai leading the charge as one of the most dynamic and resilient real estate markets worldwide,' it said. Dubai's real estate sector saw a 20% surge in transaction value, reaching $207.2 billion in 2024. Investor activity soared, with 110,000 new investors entering the market – a 55% increase from 2023. Residential transactions alone witnessed a 47% year-on-year jump, according to Savills Middle East, driven by robust demand for premium properties and continued government Dhabi also posted solid gains, recording a 10.45% increase in real estate transactions, totalling $26.2 billion, as per the Abu Dhabi Real Estate Centre. Meanwhile, Saudi Arabia's residential real estate market experienced unprecedented growth across Riyadh, Jeddah, and the Dammam Metropolitan Area, with transactions hitting $32 billion – up 50% year on year, according to broader MENA region was defined by bold development strategies, including multi-billion-dollar mega-projects in the UAE, Saudi Arabia, and Egypt. One of the most high-profile deals was a $35-billion investment partnership between Egypt and the UAE's ADQ-led consortium to build the $24-billion Ras El Hekma city on Egypt's North Coast. Top Real Estate Figures Ranking first on the UAE's list of real estate leaders is Hussain Sajwani, Founder and Chairman of DAMAC Properties. Sajwani, whose net worth doubled to $10.2 billion over the past year, recently led the firm's largest-ever Sukuk issuance of $750 million and unveiled a bold $20-billion data center investment in the US through Alabbar, Founder and Managing Director of Emaar Properties in the UAE, placed second on the list. Emaar owns Burj Khalifa, Dubai Mall, and Address Dubai Mall, among other landmarks in Dubai. In 2024, Emaar hit record highs with $9.7 billion in revenue and $19 billion in property sales – a 72% increase from the previous year. Third on the list is Talal Al Dhiyebi, Group CEO of Aldar Properties. In 2024, Aldar reported total assets of $23.3 billion and generated $6.3 billion in revenue. That same year, the company expanded its strategic partnership with Mubadala, launching four new ventures worth $8.2 billion. Leaders were evaluated based on a range of metrics, including years of experience, company assets and revenues, ownership stakes, the value and scale of projects completed or underway, and the size of the landbank and unit inventory.
See - Sada Elbalad
16-04-2025
- Business
- See - Sada Elbalad
Forbes Reveals Most Impactful Real Estate Leaders in 2025
Taarek Refaat The leaders of the most influential real estate companies in the Middle East, featured on the Forbes 2025 list, play a pivotal role in establishing the region as one of the leading drivers of the global real estate market. The sector recorded strong performance in 2024, reflected in remarkable growth, record investment deals, and increased investor confidence. This year's list includes the top 100 developers and decision-makers working to transform the real estate landscape in the Middle East and North Africa. Forbes research team ranked these leaders on this year's list based on a set of criteria, including the number of years of experience for each leader, the value of completed and ongoing projects, the company's financial position in terms of total assets and revenues when available, in addition to the value or area of the land portfolio and the number of real estate units owned. The UAE dominates the "Most Impactful Real Estate Leaders in the Middle East 2025" list with 42 company leaders, followed by Saudi Arabia with 21 leaders, and Egypt with 16 leaders. Hussain Sajwani Topping this year's ranking is Hussain Sajwani, founder and chairman of Damac Properties. In February 2025, Damac announced the pricing and settlement of its $750 million, 3.5-year unsecured sukuk, issued under the Reg S framework, its largest issuance to date. Sajwani's wealth saw a significant jump, rising from $5.1 billion in March 2024 to $10.2 billion in March 2025. Mohamed Alabbar Second on the list is Mohamed Alabbar, founder and managing director of Emaar Properties, followed by Talal Al Dhiyebi, CEO of Aldar Properties. The dominance of the three UAE leaders in the top spots reflects the country's established position as a leading real estate hub in the region. In addition to Hussain Sajwani, this year's list includes four other billionaires, according to the Forbes Billionaires list released in March 2025. They are: Mohamed Alabbar, with an estimated net worth of $2.3 billion; PNC Menon, founder of the Sobha Group, with an estimated net worth of $4.3 billion; Kabir Mulchandani, founder and executive chairman of Five Holdings, with an estimated net worth of $2.2 billion; and Yassin Mansour, chairman and group CEO of Palm Hills Developments, with a net worth of $1.2 billion. The five billionaires on the list have a combined net worth of $19.3 billion. Hisham Talaat Moustafa Egypt's Hisham Talaat Moustafa came fourth on the list with for over 40 years experience in the realestate sector. In 2024, the group succeeded in nearly tripling its real estate sales, reaching $10 billion, after selling more than 29,000 units, thanks to the launch of the Banan project in Saudi Arabia and the South Med project on Egypt's North Coast. The group also completed its acquisition of Legacy Hotels and Tourism Projects, which owns seven historic hotels in Egypt, bringing its total number of hotel rooms to 5,000. As a result, hospitality sector revenues jumped by 225%, reaching $255 million in 2024. As of March 2025, the group's total land area reached 107 million square meters. The list covers a diverse range of companies, from established institutions to ambitious startups. Bahraini company Kanoo Real Estate, led by CEO Mohammed Abdulelah Al Kooheji, is the oldest real estate developer on the list, having been established in 1890. The newest company on the list is the UAE-based One Real Estate Development, founded by Chairman Ali Al-Jubaili in 2024. In an effort to foster dialogue on the future of the real estate sector, Forbes Middle East will hold "Building the Future" Summit in Abu Dhabi on May 26 and 27, 2025, before launching the inaugural edition in Tripoli on May 29 and 30. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
Trade Arabia
16-04-2025
- Business
- Trade Arabia
UAE dominates Forbes Middle East Real Estate Leaders 2025 list
Forbes Middle East has revealed its 2025 ranking of the region's 100 Most Impactful Real Estate Leaders, spotlighting the developers and decision-makers transforming the region's skylines. The list was compiled based on each leader's years of experience, the value of completed and ongoing projects, company financials including total assets and revenues where available, and the size of landbanks and number of units held. The UAE dominates this year's ranking with 42 leaders of companies headquartered in the country, followed by Saudi Arabia with 21 entries and Egypt with 16. Claiming the top spot is Hussain Sajwani, Founder and Chairman of Damac Properties. In February 2025, Damac had announced the pricing and settlement of its $750 million senior unsecured three-and-a-half-year Reg S Sukuk—its largest to date. Sajwani's net worth has doubled over the past year, rising from $5.1 billion in March 2024 to $10.2 billion as of March 2025. Mohamed Alabbar, Founder and Managing Director of Emaar Properties, ranks second, followed by Talal Al Dhiyebi, Group CEO of Aldar Properties, in third place. All three of the top leaders are based in the UAE, reinforcing the country's position as a leading real estate hub in the region. Besides Sajwani, four other billionaires - as recognised by Forbes as of March 2025 - appear on this year's list. These are Alabbar with an estimated fortune of $2.3 billion, Sobha Group's PNC Menon with an estimated fortune of $3.4 billion, Five Holdings' Kabir Mulchandani at $2.2 billion, and Palm Hills Developments' Yasseen Mansour with a net worth of $1.2 billion, said Forbes in a statement. Combined, the five billionaires control an estimated fortune worth $19.3 billion, it added. The list spans a diverse group of companies, from legacy institutions to ambitious newcomers. Bahrain's Kanoo Real Estate, managed by the CEO Mohamed Abdulelah Al Kooheji stands as the oldest developer on the list, having been established in 1890. The UAE-headquartered ONE Development, led by Founder and Chairman Ali Al Gebely, is the youngest listee, established in 2024. To continue the conversation on the future of real estate, Forbes Middle East will host its flagship 'Building The Future Summit' in Abu Dhabi on May 26–27, 2025, followed by the summit's first edition in Tripoli on May 29–30, 2025.- TradeArabia News Service
