CEO Hussain Sajwani Of DAMAC Properties Announces Latest Apartment Building

Rěva Residences is the latest DAMAC Properties development to open. It is a surprisingly affordable apartment building that is located at the heart of Business Bay in Dubai, United Arab Emirates. There are one and two bedroom units and it overlooks the astonishing Dubai Canal.

This DAMAC Property offers many world-class amenities like a concierge service that is available around the clock. Even though it lies at the center of this city’s leisure, entertainment, and business district it is still affordable. The one bedroom apartments, for example, start at AED 699,000 which is about $190,000 USD. It’s a luxury building with artful touches throughout it. Each apartment is tastefully appointed and offers amazing views of the city.

There are plenty of options near the Rěva Residences for residents to eat and shop at. There are also plenty of nearby parks, including ones with waterside paths, which are perfect for a long walk, a jog, or a cycling trip. Among the amenities there is a temperature-controlled pool, a gym outfitted with the latest equipment, a sauna, and a play area for kids.

DAMAC Properties is owned and operated by Hussain Sajwani. He is an entrepreneur who launched his first company in 1982. It was in 2002 that he launched DAMAC Properties as he saw a big opportunity in the real estate industry. Hussain Sajwani is the chief executive officer of this firm as well as the chairman of the board.

Hussain Sajwani group in a conservative, middle-class family. His father owned a retail store in Dubai where he sold pens and watches. It required a lot of his time so he often worked until very late at night. He also worked a bit in real estate but the retail store was his focus. His mother also brought in some money as she sold things to women in the area like fabric.

As a company wholly-owned by Hussain Sajwani, DAMAC Properties was launched when he learned that the government of the UAE had changed real estate laws. By decree foreigners could own property in this nation which opened up the real estate industry in this country internationally.