DAMAC owner Hussain Sajwani is a billionaire property developer. DAMAC Properties is considered one of the largest luxury real estate developers in the Middle East. DAMAC owner Hussain Sajwani is one of the wealthiest men in the World.
Recently, DAMAC owner and real estate entrepreneur Hussain Sajwani talked about how the conflict in the Middle East has actually helped Dubai. Dubai is considered one of the most popular places in The United Arab Emirates. Dubai is the home of many recent technological advancements. The city is hoping to create a passport free airport, along with the World’s first government that is run on blockchain technology. Dubai also launched EmCash, the World’s first government backed cryptocurrency. The city has also started using distributed ledger technology. Investors see a lot of potential in the technologically advanced areas of the city.
How Dubai Benefits
Dubai is considered one of the safest cities in the World. Dubai often hosts people from Egypt, Kuwait, and Iraq during times of crisis. Sajwani says that Dubai has benefited from the conflicts going on around the city. Dubai’s trade leverage increased during the Iraq-Iran War. When Iraq invaded Kuwait, thousands of people migrated to The United Arab Emirates.
Hussain Sajwani also believes that Dubai benefited from the collapse of Somalia. Dubai’s economy became more attractive due to its security and location on the map. Thousands of Somali citizens now reside in Dubai, as they run their export and import businesses. However, the government recently announced restrictions on Somalian immigration into Dubai.
Dubai remains an intriguing place where investors could potentially receive a good return. Because of its emerging stature throughout the World, Dubai is expanding its connections throughout The Middle East. In the future, Dubai seems poised to join London and New York as one of the World’s top cities for potential business opportunities. The city recognizes its status as the bridge between The Middle East and the rest of the World.
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