When opportunity knocks , Hussain Sajwani does not just answer the door , he builds an entire development around it . Bold in business , the Emirati property mogul always has his eye on the next Big Thing

Properties , a Dubai-based luxury mega developer that recently celebrated 40 years , the Emirati businessman is a familiar face on lists of the most powerful Arabs .

Not only has he built a global luxury real estate development empire with revenues of more than US $ 1.6 billion and over 2,000 employees , but he spearheaded one of the world ’ s biggest-ever property booms , in Dubai , and has pioneered many regional real estate trends .

Today , his luxury property empire encompasses awardwinning residential , commercial , hospitality , leisure , retail , and even data centre properties across the Middle East region , and further afield – counting 43,700 homes and eight hotel properties in 15 cities , including in Miami , Toronto , and London , and with properties for development and sales reaching more than U $ 2 billion ( AED7.53bn ).

But it hasn ’ t all been smooth sailing for the 70-year-old businessman , who , according to Forbes , is among the world ’ s richest Arabs , with an estimated net worth of US $ 2.7 billion – with the financial crash of 2008 and recent pandemic throwing the property market into disarray .

14 June 2023