Dubai property giant's chief says that there are no limits to Damac's investment in the U.S. sky.

• Sky is the limit on U.S. investing, Damac chairman tells CNBC
• During a press conference by U.S. President-elect Donald Trump, Damac announced a planned $20 billion investment into U.S. data centers.
• For over a decade, the Trump family and the property chief have been both friends and business partners.

Dubai property giant Damac's chairman stated that the sky's the limit when it comes to the company's investment in the United States, as he shared this information with CNBC on Thursday.

On the two days prior, President-elect Donald Trump declared a $20 billion foreign investment by the Emirati company to construct new data centers across the U.S., with its founder and chairman Hussein Sajwani committing "at least" that amount.

Our $20 billion investment in the U.S. market is a significant amount of money, but there is a growing trend of large investments in data centers, with some estimates suggesting $500 billion or more. Sajwani, a longtime friend and business partner of Trump, mentioned Microsoft's recent announcement of investing $80 billion into American data centers by 2025.

Sajwani stated that he could invest more in the U.S. market if it is feasible, and the limitation would not be on him.

In the first phase, we can use our own financial resources, but in the second phase, we can use a third party's money if our platform grows to the next level.

In 2002, Sajwani founded Damac Properties, which is part of the Damac Group, a prominent real estate company in Dubai known for its large-scale projects, including luxury high-rises, hotels, and villas in both Europe and the Middle East.

In 2022, Damac Properties won a $120 million bid to purchase land in Miami's upscale Surfside district, where it plans to build a luxury oceanfront condominium. The company has already expanded into the U.S.

Trump's pro-business stance has given Sajwani hope for a positive business climate in the U.S. and increased partnerships with the Middle East.

The chairman stated that he enjoys motivating businessmen to visit the U.S., supports his country's openness to business and investments, and was optimistic. Sajwani spent 11 days at Mar-a-Lago, including celebrating New Year's Eve with Trump and his family. Additionally, he spent time with Elon Musk and other close associates of the president-elect during this time.

Since Trump's election, foreign investment deals have been announced, including Softbank CEO Masayoshi Son's plan to invest $100 billion in the U.S. and create 100,000 jobs.

— CNBC's Eamon Javers and Kevin Breuninger contributed to this report.

Microsoft has announced that it will be investing $80 billion into American data centers by 2025.