Hussain Sajwani founded DAMAC Properties in 2002. It is part of the DAMAC Group, delivering residential, commercial, and leisure properties. In 2022, DAMAC acquired a plot of land in Surfside Miami to build a Cavalli-branded condominium project, launched D-labs to build cities in the metaverse, and announced that it would facilitate cryptocurrency payments for properties. In February 2023, DAMAC announced the launch of the 44-floor Canal Heights tower and 45-floor Canal Heights Two tower in Dubai. By June 2023, DAMAC had delivered 46,000 units, with 33,000 more underway. Sajwani’s net worth was $4.5 billion as of March 2024, according to Forbes.