The Wealth of Hussain Sajwani – DAMAC Owner

The success of Hussain Sajwani with DAMAC Properties is one that every citizen of Africa, CIS and Dubai can narrate. The potential investors of real estate look up to him, to learn and get better in the game. He has valuable partnerships, e.g., Donald Trump who is also a guru of the real estate. He has joined the group of the most influential Arabs in the world due to his contribution to the charity organizations in the nation. His last donation startled everyone. Sajwani contributed AED two million in a seminar by an organization trying to raise money to cloth two million children.

The net worth of the DAMAC Owner is estimated to be $4 billion. He has been able to get to the figure because he has been reinvesting his money to other real estate ventures. He also has the biggest shares in the DAMAC premises.

One of the companies that contribute to his wealth is the Nine Elms Property Limited. The firm is responsible for the designing and development of the AYKON London. The company is a partnership between the DAMAC Properties in Dubai which has 20% shares and DAMAC Owner Hussain Sajwani through International DAMAC Properties having the majority shares (80%).

The others source of income of the real estate developer is Mina Al Sultan Qaboos. The investment guru owns the latter through International DAMAC Properties. The firm is currently in a major renovation program. The firm will be renovated to accommodate classy hotels, accommodation, and other tourist attraction sites.

AYKON Maldives Resort is also a major property in Sajwani’s property portfolio. It has been developed by the International DAMAC Properties. They have bungalows, more than 100 luxury homes, waterfalls and other exciting features for the tourists to enjoy.

The high-quality buildings that Hussain Sajwani has been providing to his clients are not by luck. He has the majority shares in the Al Amana Building Material. The latter has the collection of the best materials for construction from all over the world. This explains why all the properties developed by Hussain Sajwani are associated with quality. He knows exactly where to source his materials.

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Basketball Legend, Shaquille O’Neil, and Boraie Group Have Teamed Up On Shaq Towers in Newark, New Jersey.

Recently, Shaquille O’Neil — an NBA basketball legend — along with the Boraie Group have teamed up on a development project in the city of Newark, N.J. The new development called Shaq Towers includes some spectacular river views and also sights across the Hudson, which include Manhattan, New York.


Shaquille O’Neal also announced another 150 million dollar building, which includes 350 market-rate apartments. According to Rutgers, this property will be located on McCarter Highway. O’Neal noted that a major business owner is planning to occupy the top floor of the Shaq Towers. The Shaq Towers was the first high-rise built in Newark in approximately five decades.


What Does Boraie Do As A Company?


Boraie Development is a company that provides property management, real estate development, and real estate marketing for the areas surrounding New Brunswick, N.J. Their specialties include working with financial institutions, architects, and contractors that understand the significance of deadlines.


Boraie Development has also been in the real estate milieu for many decades. Boraie, a family-owned company has had a history of making long-term investments in less-than-perfect areas like Newark and New Brunswick.


Boraie Development and its Focus on Millennials


Concerning its focus on Millennials, Wasseem Boraie, a company leader who serves as the company vice president, noted that he and Boraie Development intend to give Atlantic City, New Jersey, a new product. And a new product that would be created instead of a casino or other gaming-related venture. Omar Boraie is betting on Atlantic City becoming a destination that millennials would deem a go-to place.


Boraie recently spoke at a conference sponsored by the Southern New Jersey Chamber of Commerce titled the Future of Atlantic City conference. According to, at this event, Mr. Boraie remarked that now is the right time to reface an old gaming town.


Mr. Boraie and Boraie Development are building something that would make “millennials want to live here.” This 81 million dollar project called the Beach at South Inlet. This project will include 250 luxury units with many amenities and state-of-the-art upgrades. The project, as Wasseem Boraie noted, is the first project in many decades for Atlantic City.


Omar Boraie, who is a well-known business leader in the New Brunswick, New Jersey area is one of the executives of Boraie Development as well as Wasseem Boraie. Mr. Boraie is also the Chair of Genomic Science, which was established at Rutgers Cancer Institute.