Hussain Sajwani is a Dubai billionaire that owns and founded DAMAC Properties. He has lived his whole life in Dubai and has made his living there. He graduated from the University of Washington and quickly went to work learning about construction and property value. With his savvy ability, he founded DAMAC and has never looked back. In a recent interview, the DAMAC owner said that turmoil in the Middle East is actually good for property in Dubai.
Hussain Sajwani was interviewed by CNBC and said that when turmoil has happened in the Middle East it is good for Dubai. The DAMAC owner stated two prime examples. The first example comes from the conflict between Iraq and Iran that been occurring for many years. He said it was good in that case because people from both countries would emigrate to Dubai in order to be safe. During an eight-year period where the war was intense, the trade increased dramatically between Dubai and Iran.
Hussain Sajwani points out another example. This occurred in the early 1990’s when Iraq invaded Kuwait under Saddam Hussein. He points out that many Kuwaitis fled the country and came to Dubai to start over again. More than seventy thousand people came to Dubai. The DAMAC owner said that this was a good move for Dubai because property values have increased and that makes him one of the most lucrative property owners in the world today.
A final example that Hussian Sajwani points out is the collapse of Somalia. More than thirty-five thousand people migrated to Dubai due to the close proximity of the country and their security. The majority of Somalis that live in the region have started their own businesses increasing property values even more.
This proves that Hussian Sajwani is one of the savviest men in the business. It proves the old adage about location, location, and location. Dubai is the perfect spot to directly benefit from the battles in the Middle East. It is in the perfect place and position to help those who need the help the most. Hussain Sajwani definitely knows that.
Sam Boraie is a real estate mogul and an active philanthropist. He is the Vice President of the Boraie Development, LLC which is a property development company. Sam Boraie is considered as great businessman who has brought positive change to the area of New Brunswick through his company, Boraie Development, LLC. He has invested a lot of effort and resources in bringing growth and expansion to New Brunswick. His company, Boraie Development, LLC has been able to create many developments in New Brunswick. In the last 5 years, the development company has been focusing on developing other areas apart from New Brunswick such as Atlantic City and Newark.
According to PR Newswire, Boraie Development, LLC has constructed retail shops, office buildings and also residential apartments. Sam Boraie, who is 73 years old, has an extensive experience in the real estate sector. Apart from property development, The Boraie Development, LLC is involved in property management, maintenance, accounting and also customer service. Through the exemplary leadership of Sam Boraie, the company has been able to meet the expectations of the residents of New Brunswick and even beyond. Sam Boraie is also the force behind the State Theatre which is one of the landmarks of New Brunswick. The theatre supports culture and music performance and has benefited many residents of New Brunswick.
Sam Boraie is in the Board of Trustees of the State Theatre and he is involved in the process of decision making that makes sure that culture and art are preserved in the theatre. Sam Also serves as a member of the Elijah’s promise advisory board. An anti-hunger charity organization, Elijah’s promise makes sure that no resident of New Brunswick is affected by hunger. With the help of Sam, the Boraie Development, LLC has been able to partner with famous visionary architects, financial institutions and also contractors.
In an article on NY Times, the Boraie Development, LLC has served in the real estate industry for over 4 decades and uses its capital, reliability and dedication to make sure that every project meets the client’s demands. In order to fund its projects, the Boraie Development, LLC uses private financing sources like commercial banks. The company is currently working on a high-end rental tower at New Brunswick. The company is also working on other notable projects like New Jersey Today and Five Visions.
See more: https://www.statetheatrenj.org/board-of-trustees