While investment in the Real Estate Industry seems one of the risk areas to invest in, there are those entrepreneurs who have proved they to be oracles in the sector. One of these people is Hussain Sajwani who is the founder, the Chairman and the president f DAMAC Properties one of the largest companies in the industry in Dubai. Many companies and investors have been forced to cease their existence in the real estate industry market because they have not been able to cope up with various challenges and risks in the sector.
In one of Hussain Sajwani’s interview, he talks about the flourishment of DAMAC Properties under his management. He says that one of the things that have made him and his team keep going is their ability to see the changes and plan on the ways to react accordingly before they have adverse effects on the company’s operations.
For example, during the 2008 economic crisis, Hussain Sajwani says that he and his team had been able to take a close look at the early stages of the crisis and although many businesses were put out of the market by the crisis, DAMAC Properties remained unaffected. This is one of the fundamental principles that any entrepreneur should embrace to ensure not only their survival in the market but also to ensure that they make maximum profits from their investments.
An entrepreneur should always have a nose for new, and whenever that is a difficult situation, he or she should have the ability to see an opportunity in it. Poor entrepreneurs who are pessimistic will always look at difficulties in any chance. During the year 2012, Hussain Sajwani and his team were able to see that the market would enlarge due to the influx of people during the Arab Spring. They took the opportunity and developed the Damac Hills and Akoya Oxygen to cater to the broad market. This served as one of the best steps in the development life of DAMAC Properties.
Besides, philanthropic work is also one of the key factors that enhance the growth of any business entity. Hussain Sajwani (@hussainsajwani), through DAMAC Properties, funded a lump sum of money to a campaign that aimed at providing clothes to the less advantaged children all over the world.
Helpful source: http://www.saudiprojects.net/