DAMAC Properties, founded by Hussain Sajwani, is expanding its real estate portfolio with its latest project, the Reva Residences, which is a luxury apartment complex in Business Bay. The spectacular view of the Dubai Canal is one of the building’s best selling points. Reva Residences is designed to meet the high-class ambience and exclusivity of the Business Bay area. It will have a 24-hour concierge service. In addition will be first-class amenities, including temperature-controlled swimming pool, steam and sauna rooms, and state-of-the-art gym. These apartments are made for the sophisticated modern professional, a young couple, or a foreigner looking for the perfect overseas investment.
Business Bay is one of the prime residential areas in Dubai as it offers a host of entertainment, dining, and shopping choices for locals. Residents can access the necessary services within walking distances. The starting price for a one-bedroom unit is AED 699,000, and DAMAC has structured payment plans that will make the property more affordable to most people. Buyers can pay up to a minimum of 1% monthly instalments and a maximum of 45% balance upon completion.
About Hussain Sajwani
Hussain Sajwani is the CEO of DAMA Properties, which he founded in 2002. With his business acumen, which he acquired over years of working in different industries, Sajwani has grown DAMAC into one of the Middle East biggest property developers. In fact, it was the first Middle East-based enterprise to be listed on the London Stock Exchange. The DAMAC Property development group has made a reputation in the luxury real estate market with various projects under its name like the Trump International Golf Course based in Dubai.
The owner of DAMAC Properties, Hussain Sajwani, is an alumnus of the University of Washington where he got an Industrial Engineering and Economics bachelor’s degree. Sajwani grew up in a middle-class family in Dubai where his father owned a shop that sold imported goods. The real estate mogul began his career path as a contracts manager in a gas company then moved on to start a catering enterprise, which is part of the DAMAC Group. Sajwani was on Forbes list of the top 10 richest Arabs and was also named 2017’s Property CEO of the year at the CEO Middle East Awards. Hussain Sajwani is a family man with four children and lives in Dubai.