Hussain Sajwani
- Net worth $10.6 billion
- Status -
- Country United Arab Emirates
- Source(-s) of wealth Businessman, Real-Estate Developer
How much is Hussain Sajwani Worth? Hussain Sajwani Net Worth in 2026
Hussain Sajwani’s net worth is estimated at $10.6 billion as of November 2026. He founded Damac Properties in 2002 and took it off the Dubai stock market in 2022, so nearly all of his fortune now sits in a company that publishes no share price. In 2021 he paid about $595 million for the 28% of Damac he did not already own. By our calculation, that slice is worth close to four times as much today.
| Net worth | $10.6 billion (our estimate, range $8 billion to $15 billion) |
|---|---|
| Born | 1953 |
| Country | United Arab Emirates |
| Known for | Founder of Damac Properties and chairman of Damac Group |
| Main income sources | Damac Properties, Damac Digital data centres, hotels, fashion and jewellery brands |
How much is Hussain Sajwani worth in 2026?
We put him at about $10.6 billion, using the fixed rate of AED 3.6725 to the dollar. The big number is Damac Properties, which we value the way the market values its largest listed rival. Everything else he owns is private too, so most of this page is arithmetic built on one public yardstick, plus a few labelled assumptions.
How we got to $10.6 billion
| Source | Our estimate | What it rests on |
|---|---|---|
| Damac Properties (about 100%) | $8.1 billion | AED 36 billion of property sales in 2025, valued at 0.82 times sales, the ratio of Emaar Development’s November 10, 2026 market value (AED 58.64 billion) to its 2025 sales (AED 71.1 billion). That gives AED 29.7 billion. |
| Damac Digital data centres | $1.5 billion | Our assumption. The business, founded in 2021 as Edgnex, is building data centres in 14 countries, but no valuation or funding round has been published. |
| Hotels, Damac Mall, Roberto Cavalli, de Grisogono, catering | $1.0 billion | Our assumption for businesses with no published accounts: the Damac hotels, a Dubai mall opened in 2023, the Italian fashion house bought in 2019, the jeweller bought in 2022 and the catering firm he started in 1983. |
| 10.04% of Instone Real Estate | $30 million | 4,717,629 shares in the German developer at €5.66 on November 10, 2026, which is €26.7 million, at €0.8924 per dollar. |
| Total | $10.6 billion | $10.63 billion before rounding. No holding company debt has been published, so none is deducted. |
The $595 million buyout that now looks cheap
In June 2021 Sajwani, who already held 72% of Damac, offered AED 1.30 a share for the rest, about AED 2.185 billion or $595 million, The National reported. The offer valued the whole company at roughly AED 7.8 billion. The shares were delisted in 2022.
Then Dubai property took off. Damac sold AED 36 billion of homes in 2025, the most of any private developer in the city, Gulf News reported in January 2026. One launch, Damac Islands 2, brought in about AED 11 billion in five hours.
Our calculation: 28% of our AED 29.7 billion value is AED 8.3 billion, or about $2.26 billion. That is 3.8 times the AED 2.185 billion he paid for the same 28% four years earlier. The investors who sold in 2021 left a lot on the table.
Why a rival sets the price
Emaar Development, the listed builder behind much of Downtown Dubai, reported AED 71.1 billion of sales and AED 15.5 billion of pre-tax profit for 2025 in its February 2026 results. On November 10, 2026 the market valued it at AED 58.64 billion, per market data. That is a November 2026 price set against 2025 sales, and we apply the same ratio to Damac’s 2025 sales. Damac does not publish profit, so a sales multiple is the fairest tool we have, and a blunt one.
The pace has held up. Damac led Dubai off-plan sales by volume in January to June 2026 on Dubai Land Department data, with 5,706 off-plan deals worth AED 15.6 billion, Technical Review Middle East reported in August 2026.
From catering to data centres
Sajwani studied industrial engineering at the University of Washington, worked in finance at Abu Dhabi Gas Industries from 1981 and started a catering business in 1983 that fed clients including the US military. He bought land in Dubai through the 1990s and founded Damac in 2002. Since then he has bought Roberto Cavalli and de Grisogono and announced a $20 billion plan for US data centres in January 2025. His children run large parts of the group: Amira leads sales and development at Damac Properties, Ali runs operations, and Abbas set up his own developer, AHS Properties.
Why other estimates disagree
Public estimates run well above ours. The likely reasons: some give Damac a richer multiple than the listed market gives Emaar Development, and some credit the data centre plans at something close to their headline investment value rather than the equity actually built so far.
What would move the figure
A price for Damac Digital would change this page more than anything else: an outside investor buying a stake would replace our $1.5 billion guess with a real number. A listing of Damac Properties, or a cooling in Dubai off-plan sales, would move the main row. Every 0.1 change in the sales multiple shifts our total by about $1 billion.
Hussain Sajwani net worth FAQ
What is Hussain Sajwani’s net worth?
About $10.6 billion as of November 2026 by our estimate, of which $8.1 billion is Damac Properties.
How much did Hussain Sajwani pay to take Damac private?
About AED 2.185 billion, or $595 million, for the 28% he did not own, at AED 1.30 a share in 2021.
How much property did Damac sell in 2025?
AED 36 billion, about $9.8 billion at the fixed exchange rate. Damac Islands 2 alone brought in about AED 11 billion on launch day.
Does Hussain Sajwani own any listed shares?
Yes, 10.04% of Instone Real Estate in Germany, worth about $30 million in November 2026.
When was Hussain Sajwani born?
In 1953. He founded Damac in 2002, at about 49.
Related profiles
- Mukesh Ambani net worth
- Carlos Slim net worth
- Bernard Arnault net worth
- Larry Ellison net worth
- Richard Branson net worth
How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.