For a successful business, product position is a key element to consider. Product position determines the direction that a company takes including how to plan of customers. Product position also helps a business in exploiting market opportunities while exploring available market niche. With proper and strategic product position come strong brands in the market. Another key factor to consider in business is entrepreneurial networks. Some brands in marketing have succeeded because of proper entrepreneurial networks. With extensive and good entrepreneurial networks, comes a well-established business. One such brand that has utilized these strategies is DamacGroup of Hussain Sajwani family. The Dubai-based property development company has extensively extended its operations across the world through proper product position and robust entrepreneurial networks thanks to Hussain Sajwani Damac owner.
DamacGroup is a renowned property developer in Dubai. The company was established in 2002 by Hussain Sajwani. The business has emerged to be a growing enterprise of stature. With a strong foundation, DamacGroup has become the greatest pace setter for property developers and real estate managers in the United Arab Emirates. With a huge employee base of approximately 2,000, DamacGroup not only offers luxurious property but also, creates employment for the people of Dubai. Under the leadership of Hussain Sajwani, the chief executive officer has the company become a primary property provider of luxurious commercial and residential building.
One such property is the Donald Trump-branded golf course that was initiated by Hussain Sajwani and designed by the renowned golf professional Tiger Woods. Through the golf course project, Hussain received public recognition from President Donald Trump. This is an excellent example of developing entrepreneurial networks for business. This is also a great indication of growth in stature. Hussain also stated that he is inclined towards listing DamacGroup in the list of London Stock Exchange. This is a step forward towards signing up for partnerships with the European countries. Through the subsidiaries of the company, Hussain Sajwani is growing business across the world. Not only is Hussain a business man but also a philanthropist. The owner of DamacGroup has been a significant donor towards charity.