We chatted to Parisa Kabiri, Sales and Leasing Director of SRG Properties about the increase of the number of women investing in proprty, and why they can get started as soon as possible.
Tell us a little bit about your background and how you became so involved in property?
I grew up in the German part of Switzerland, although that has never really felt like home. The first time I really felt that I belonged anywhere was when I visited Dubai with my family in 2004. I remember we were driving down Sheikh Zayed Road to look at a project in an exciting new development - the Dubai Marina. I turned to my mother and told her that was the place that I wanted to live!
From a very young age my father included me in his real estate decisions, which I found extremely exciting. I quickly realised that investing in real estate would be the key to achieving a comfortable lifestyle in the future.
When I moved to Dubai in 2005 it was in the middle of a real estate boom and it was the place to be. I connected immediately with the vision of the city and began to live the life that I had always dreamed of. I didn’t hesitate to switch from hospitality to the property business.
Property is also generally regarded as a male-dominated area of investment. How can women develop their own portfolios?
It’s true that historically the real estate market has been dominated by male investors. However, during my 15 years in the industry I have seen more and more women looking to invest in property. With many women breaking through barriers within the business sector to achieve high-earning positions, it is now common to find that they have the required capital to pursue investment opportunities.
My advice to anyone making their first investment is to always thoroughly research the developer and choose the right location is key. Finding a good consultant is also very important, as there can be many hidden costs associated with purchasing a property, so it’s crucial that you are made aware of everything involved from the outset.
What is the biggest challenge women are likely to face in this regard?
Whilst I don’t think there is any challenge that comes across as particularly gender specific, women are more likely to seek perfection! Sometimes we pay more attention to detail and end up over analysing situations.
That being said, it is important to be in possession of all the facts, so extensive research on any development is important. The market today is full of upcoming projects that can often sound too good to be true, so you should always seek the advice of a reliable property consultant who can help educate you about the market and make your buying experience a pleasurable one.
What are your top three tips for young women to keep in mind as they step into the world as young adults?
Tip number one would be for women to own their inner strength; most women are masters in intuition. We are blessed with it and should use it to our advantage more often.
Tip number two is make your work your passion. Find something you love to do and it really is as simple as that. This way you will never truly work a day in your life.
Lastly, my favorite saying is, “The world is your oyster.” Know what you want and be ready to work hard for it. Don’t let obstacles divert you from your goals or make you doubt yourself. Nothing that is worth having comes easy.
What is the one bit of advice that you wish you could give your 18-year old self?
The wiser part of me would say spend less and save more! But on the topic of life I would be kind to my younger self by telling her that, “every time you are faced with a challenge, what you are actually facing is a lesson and you can learn from every experience, good or bad.”