THE MIDDLE EAST’S

4. DAMAC Group

Founder & Chairman: Hussain Sajwani
Established: 1982
Country: UAE

Sajwani founded the DAMAC Group in 1982. The group’s investment portfolio spans real estate, capital markets, hotels and resorts, manufacturing, catering, high-end fashion, and data centers. In 2025, DAMAC Properties reported $9.8 billion in sales and expanded its portfolio with launches including Chelsea Residences in partnership with Chelsea Football Club, Riverside Views, DAMAC District, Capri One, and DAMAC Islands 2. The group also entered Iraq with the launch of the DAMAC Hills Baghdad project. Hussain Sajwani’s net worth was estimated at $15.3 billion as of May 2026.