Ayman Kaouri purchased his first home at 27 and considers his UK property his best investment, as its value has increased by around 90% since he bought it.
Originally from Britain and now living in the UAE since 2023, Ayman credits his father for teaching him money management principles at a young age.
At 38, he is the co-founder and regional director of Scope Solutions Middle East, a software consultancy that focuses on cloud solutions for accounting firms and small to medium businesses.
“We launched the business in August 2023 after seeing success with our sister company in Malta, which was established in 2012,” he explains.
“Before starting Scope Solutions, I spent 15 years in the software industry. I began my career at Oracle in the UK and most recently led Xero’s growth in emerging markets across Europe, the Middle East, and Africa, including the UAE.”
Ayman also founded Accounting Refigured, a Dubai conference that connects accountants with cloud technology.
He holds an MBA and a degree in computer science and lives in Jumeirah Village Circle, Dubai, with his wife and two daughters, aged 7 and 2.
Did Wealth Play a Role in Your Childhood?
“My parents came from a working-class background and had strong beliefs about saving and living within one’s means. Thankfully, we didn’t face financial hardships, or at least we weren’t aware of them as kids.”
His father is a careful spender who views spending money as a logical decision rather than an emotional one.
“This mindset has influenced me greatly, shaping my spending habits. I’m always aware of the need to save and not spend all my earnings.”
How Did You Start Earning Money?
“I started earning money as a schoolboy by buying mobile phones locked to specific networks. I would unlock them using software and then resell them on eBay at a higher price.”
Ayman’s first real job was part-time at a men’s suit store while he was doing his A-levels. He earned around £3.75 (about Dh18) an hour.
“At that age, every little bit helped, and I learned important customer service skills.”
Any Early Financial Lessons?
“Fortunately, I didn’t have any major financial shocks. My father’s advice always kept me grounded.”
How Do You Build Wealth?
“Currently, my wealth is mostly in two areas: property and my business. My UK property has appreciated by around 90% since I bought it, and I also earn rental income from it.”
“Right now, I’m focused on investing in my business in the UAE, with returns expected as we grow in the coming years.”
Are You a Spender or a Saver?
“I’m a bit of both. I enjoy spending on dining out, family activities, and vacations, but I also like to save money for emergencies because you never know when you’ll need it.”
“As a family man, I feel responsible for my financial choices. I value experiences over material possessions.”
Have You Been Smart with Your Money?
“I’d say yes overall. However, I do make some purchases based on emotion rather than logic. I try to find a balance between enjoying life and growing my wealth.”
What’s Your Best Investment?
“My best investment so far is my house in the UK, as I bought it at a great time. It’s in a desirable location, just a short train ride to central London.”
How Do You Feel About Money?
“I feel comfortable with money. It can be a source of stress if not handled carefully. I make sure to have a safety net, so it doesn’t worry me.”
“I know that money provides options and stability, which is why it’s important. When you have enough to live how you want, other things in life become more important.”
What Advice Would You Give Your Younger Self?
“I would tell my younger self to invest in regular savings early and let them grow over the years. Also, I’d suggest buying as much Bitcoin as you can afford when it first came out!”
Any Key Financial Milestones?
“Buying my first home at 27 was my biggest financial milestone. I was lucky to enter the market just before prices soared.”
What Luxuries Matter to You?
“A nice car is important to me. It doesn’t have to be brand new or super expensive, but I do prefer it to feel a bit luxurious, especially the interior since I spend a lot of time in it.”
What Are Your Financial Goals?
“I aim for financial freedom, allowing me the flexibility to do what I want without needing to work every day. I also want to own properties in different countries to diversify my investments and have a place to stay in the places I visit often.”
