{"id":22442,"date":"2017-08-15T11:23:41","date_gmt":"2017-08-15T11:23:41","guid":{"rendered":"https:\/\/damacofficial.com\/hussainsajwani\/?p=22442"},"modified":"2025-06-23T06:42:29","modified_gmt":"2025-06-23T06:42:29","slug":"the-donald-of-dubai-explores-investment-opportunities-in-eu","status":"publish","type":"post","link":"https:\/\/damacofficial.com\/hussainsajwani\/the-donald-of-dubai-explores-investment-opportunities-in-eu\/","title":{"rendered":"\u2018The Donald of Dubai\u2019 explores investment opportunities in EU"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Source:&nbsp;<a href=\"https:\/\/www.khaleejtimes.com\/business\/real-estate\/dubai-billionaire-seeks-to-sell-trump-branded-villas-abroad\">Khaleej Times<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization mingled with government dignitaries, receiving a presidential reception and visiting the glittering Mediterranean Sea.<br><br>Hussain Sajwani met with leaders in the two European nations and addressed local journalists, many of whom referred to his ties to President Donald Trump or simply called him \u201cthe Donald of Dubai\u201d.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sajwani\u2019s trips, as well as a recent deal in Oman, show that Trump\u2019s business partner in Dubai wants to expand his development empire beyond the Mideast and a tower under construction in London.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enter Sajwani\u2019s DAMAC Properties, which launched a new effort this week to sell Trump-branded villas at the golf course bearing the American president\u2019s name.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cMy dream is as we have put our major, iconic tower in London, that we do repeat that in major gateway cities around the world,\u201d Sajwani said in a July online video. \u201cTokyo, Toronto, New York, Paris, I don\u2019t know. But that would be a dream \u2013 to grow DAMAC with its iconic brands around the world.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sajwani\u2019s dream for a global expansion \u2013 as well his growing online presence among social media videos and posts \u2013 received a major boost with Trump taking the White House. It also raised the public profile of a billionaire.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DAMAC Properties declined an Associated Press interview request with Sajwani. In a statement, DAMAC spokesman Niall McLoughlin said the company is \u201cexploring opportunities in major gateway cities across Europe and the US, hence the numerous and ongoing meetings over the past many years\u201d by Sajwani.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In February, Trump\u2019s sons Eric and Donald Jr. opened the Trump International Golf Club in Dubai, the first of two to be built in the emirate by Sajwani. DAMAC share prices have nearly doubled from Dh2.17 (59 cents) a share on the day of the US election in November, to a high of over Dh4 ($1.09).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">That made Sajwani, who owns over 70 per cent of DAMAC stock, even richer. However, economies overall have slowed across the Middle East amid a glut in global oil prices. DAMAC announced results on Monday that put its second-quarter earnings at Dh704 million ($191.6 million), down from Dh864 million ($235.2 million) in the same period last year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Facing that sluggish market, Sajwani has begun to look abroad.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In Oman, he signed a deal in June with the state-run Oman Tourism Development Co. for DAMAC to help redevelop Port Sultan Qaboos in Muscat, a project valued overall at $1 billion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Then in July, Sajwani visited Croatia and met with President Kolinda Grabar-Kitarovic. Sajwani also visited tourist towns along the coast of the Adriatic Sea, according a DAMAC statement at the time. The local branch of Colliers International, a commercial real estate firm headquartered in Toronto, said it organised the three-day trip for Sajwani, trying to pitch him on developments on the Istria peninsula and Central and Southern Dalmatia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">DAMAC \u201ccontinues to look at the investment opportunities\u201d in Croatia, primarily along the Adriatic, said Vedrana Likan, the managing partner of Colliers\u2019 Croatian arm.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Sajwani then travelled to Malta, an archipelago nation off Italy in the Mediterranean Sea, and met with Prime Minister Joseph Muscat.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Both Croatia and Malta are members of the European Union, which Emirati citizens have been able to travel to without visas since 2015. That can drive business for any possible DAMAC project in either country, as well as create new European interest in Dubai, where the developer makes its real money, said Issam Kassabieh, an analyst with the UAE-based firm Menacorp Finance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u201cIt\u2019s a very effective method of branding,\u201d Kassabieh said. \u201cOnce foreign investors see the DAMAC name in Europe, they\u2019ll follow it all the way back to the source, which is Dubai, so they can capitalise on it here.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, DAMAC Properties just this week launched a new set of Trump-branded duplex villas, priced from Dh2.96 million ($806,000) that include three-year memberships at the golf course. The company previously offered stand-alone villas at prices starting at Dh5 million ($1.3 million) up to Dh15 million ($4 million).<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Trump Organisation, now run by Trump\u2019s adult sons though the president hasn\u2019t divested from it, also tweeted that the new villas were for sale. It told the AP that the villas are \u201cnot a new project\u201d and represented \u201cour longstanding relationship with DAMAC Properties.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source:&nbsp;Khaleej Times During recent trips to Croatia and Malta, a Dubai-based billionaire and business partner of the Trump Organization mingled with government dignitaries, receiving a presidential reception and visiting the&hellip;<\/p>\n","protected":false},"author":1,"featured_media":22443,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[194],"tags":[],"class_list":["post-22442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>\u2018The Donald of Dubai\u2019 explores investment opportunities in EU - Hussain Sajwani<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u2018The Donald of Dubai\u2019 explores investment opportunities in EU - 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