Mehdi Ansari, founder of Analog Room, worked in his family's business from a young age. Khushnum Bhandari / The National
Mehdi Ansari, founder of Analog Room, worked in his family's business from a young age. Khushnum Bhandari / The National
Mehdi Ansari, founder of Analog Room, worked in his family's business from a young age. Khushnum Bhandari / The National
Mehdi Ansari, founder of Analog Room, worked in his family's business from a young age. Khushnum Bhandari / The National

Money & Me: 'I’m not rich but I have everything I need'


  • English
  • Arabic

Mehdi Ansari is founder, chief promoter and a resident performer at Analog Room, a Dubai music community based at The Q Underground in Al Barsha.

The Iranian-born creative has been instrumental in the region’s electronic music scene and has spent 13 years in the UAE.

Experience and music production knowledge has led Mr Ansari to collaborate with numerous artists, as well as working with his brother, Salar, on their Machine Machine project.

Analog Room has endorsements from influential figures such as American DJ and producer Delano Smith and British record producer and musician A Guy Called Gerald. Mr Ansari’s broader business interests include electric vehicles and developing audio technology.

Now 38, he has two daughters, aged seven and nine, and splits his time between Dubai and Tehran.

Did wealth feature in your family?

We are an educated family, my grandfather and father were both engineers. They’ve always been in heavy industry. We have never been rich, but I never felt like we were poor.

We were proud of my father’s achievements with the factory. They built pressure vessels for oil and gas, some shipbuilding. Since I was young, I was in the factory, handling machines, learning to weld.

Have you had a regular career?

I never had a job, except in my dad’s company, never got hired anywhere in my life. All summers were spent in the factory, in the office. I learnt contracts, research development, things valuable for life.

I got paid there a few times. Someone hired me as a freelancer, maybe for programming. I DJ’d, got some money but nothing serious, until I did parties and got the revenue.

What led you to the UAE?

My dad opened a Dubai trading office that mostly serviced our company in Iran. I came and studied for an audio engineering degree. I was also working at the office, sending emails, preparing documents … pocket money.

How did music become a passion?

I studied industrial metallurgy before studying audio, but music was always part of the family … having fun. It was tradition, even during the [Iran-Iraq] war. I remember they were cutting power and these guys had battery-ready Hi-Fi, boom boxes and stuff. They kept the party on. Iranians have deep roots in art and music.

What prompted Analog Room?

We’d never been to nightclubs, always house parties. Going to clubs and bars in Dubai was fine, it was new, but then I went to Berlin and realised that the world knows how to party, they do it as experts, with proper sound, proper lighting.

I started to learn more while studying audio engineering. We became nerds of audio clubbing, did events with a friend who started underground, low-key parties.

But I needed money. My father told me to write a business plan. I convinced him this was what I wanted to do and there was money in it. He gave me Dh30,000, we booked five acts, a sound system, distributed flyers.

Did those early events break even?

We did five parties. They were really fun, not financially profitable. We lost money. They were not cheap bookings, but got a good reception and the city was talking about it.

We were super successful from 2013 to 2016 and we reinvested, brought bigger artists, made it better. I paid back the Dh30,000. It became more meaningful to everyone and started giving people careers.

It was never about the money, and then it made money. Then it lost money, and that’s the way it became about money. You can’t achieve your goal if you’re not financially reasonable; it has to at least pay for itself.

Analog Room founder Mehdi Ansari says he is a spender but is never stressed about money. Khushnum Bhandari / The National
Analog Room founder Mehdi Ansari says he is a spender but is never stressed about money. Khushnum Bhandari / The National

How is your relationship with money?

I’m a spender. I was not that thirsty for money and never really stressed about it, even when I was broke. I never spend much on things but when I have money, I travel business.

What do you invest in?

I’m an entrepreneur with 10 different businesses. Any money you give me, I have holes for it.

I started things in Iran during Covid-19, opened the Society of Arts and Technology, teaching people how to create content and developing artists.

I love cars, so I’ve got a start-up that does EV technology development. We run a garage working on our first car, a classic being converted to electric.

I’m also building an audio mixer, in final design, and we are working on food and beverage things in Dubai.

And your best investment?

It must be Analog Room, if not my wife. Investment is not always money. Time is the biggest investment and sharing it with someone else.

I also did a smart thing buying a sound system [early on], for Dh120,000 ($32,675). That enabled us, as Analog Room, to play anywhere – any basement, boat parties, new venues – and get better deals.

The most successful financial thing is I got the opportunity to create something and got into other arts and culture opportunities.

I’m not worrying about money and I have this good feeling everything is going to come together
Mehdi Ansari,
founder of Analog Room

How do you view money?

It became such a standard for people that their goal in life is financial accomplishments. People do things they don’t like. I’m not that poor, I’m not rich, but I have food, a roof over my head.

Definitely money is required, to a certain extent. Why most people are after money is either physical comfort and entertainment, or the mental comfort that comes from being relaxed about the future. The problem with comfort is you get used to it, fast.

There’s enough money in the world for everybody to do what they’re passionate about and be happy – money will come.

Are you wise with cash?

I waste a little here and there, to enjoy myself. Being an entrepreneur, there are many times I don’t have a lot of money in my account and I’m waiting on money. My wife helps me be more balanced.

Any spending regrets?

I paid a deposit to buy a Porsche 911 – and then the bank didn’t approve the loan. I was self-employed. I had a good income, but they didn’t find it very safe, I guess. The guy didn’t give my deposit back. It hurt.

What purchases bring you joy?

I don’t buy a lot of stuff, but I’m a bit of a foodie.

Cars are my weakness. I drive a Series 1 Range Rover in Iran. It’s a classic, becoming collectible and valuable.

I never had a lot to spend on cars. When and if I have money, I will. That’s not the purpose of life for me, of course, but it’s more than just a unit of transportation for me.

How did you adapt to the pandemic?

We were just flying … Covid took me back five years. It was hard to re-establish things, but I’m getting back there, it’s getting exciting again.

We actually did some great work during Covid; we released A Guy Called Gerald’s record on our record label and did great streams.

Are you confident about your financial future?

I never looked at money going down road. I’m not worrying about money and I have this good feeling everything is going to come together.

Luckily, my businesses all look like they’re ending somewhere. Money is going to be fine. I’m happier that I did things I wanted to do.

EMIRATES'S%20REVISED%20A350%20DEPLOYMENT%20SCHEDULE
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Fight Night

FIGHT NIGHT

Four title fights:

Amir Khan v Billy Dib - WBC International title
Hughie Fury v Samuel Peter - Heavyweight co-main event  
Dave Penalosa v Lerato Dlamini - WBC Silver title
Prince Patel v Michell Banquiz - IBO World title

Six undercard bouts:

Michael Hennessy Jr v Abdul Julaidan Fatah
Amandeep Singh v Shakhobidin Zoirov
Zuhayr Al Qahtani v Farhad Hazratzada
Lolito Sonsona v Isack Junior
Rodrigo Caraballo v Sajid Abid
Ali Kiydin v Hemi Ahio

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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELuv%20Ranjan%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Shraddha%20Kapoor%2C%20Anubhav%20Singh%20Bassi%20and%20Dimple%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Silkhaus%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Aahan%20Bhojani%20and%20Ashmin%20Varma%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Property%20technology%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%247.75%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Nuwa%20Capital%2C%20VentureSouq%2C%20Nordstar%2C%20Global%20Founders%20Capital%2C%20Yuj%20Ventures%20and%20Whiteboard%20Capital%3C%2Fp%3E%0A
How to wear a kandura

Dos

  • Wear the right fabric for the right season and occasion 
  • Always ask for the dress code if you don’t know
  • Wear a white kandura, white ghutra / shemagh (headwear) and black shoes for work 
  • Wear 100 per cent cotton under the kandura as most fabrics are polyester

Don’ts 

  • Wear hamdania for work, always wear a ghutra and agal 
  • Buy a kandura only based on how it feels; ask questions about the fabric and understand what you are buying
MATCH INFO

Uefa Champions League, Group C
Liverpool v Red Star Belgrade
Anfield, Liverpool
Wednesday, 11pm (UAE)

Afcon 2019

SEMI-FINALS

Senegal v Tunisia, 8pm

Algeria v Nigeria, 11pm

Matches are live on BeIN Sports

Key Points
  • Protests against President Omar Al Bashir enter their sixth day
  • Reports of President Bashir's resignation and arrests of senior government officials

Veil (Object Lessons)
Rafia Zakaria
​​​​​​​Bloomsbury Academic

Virtuzone GCC Sixes

Date and venue Friday and Saturday, ICC Academy, Dubai Sports City

Time Matches start at 9am

Groups

A Blighty Ducks, Darjeeling Colts, Darjeeling Social, Dubai Wombats; B Darjeeling Veterans, Kuwait Casuals, Loose Cannons, Savannah Lions; Awali Taverners, Darjeeling, Dromedary, Darjeeling Good Eggs

Heather, the Totality
Matthew Weiner,
Canongate 

UAE currency: the story behind the money in your pockets
The%20BaaS%20ecosystem
%3Cp%3EThe%20BaaS%20value%20chain%20consists%20of%20four%20key%20players%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConsumers%3A%3C%2Fstrong%3E%20End-users%20of%20the%20financial%20product%20delivered%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDistributors%3A%3C%2Fstrong%3E%20Also%20known%20as%20embedders%2C%20these%20are%20the%20firms%20that%20embed%20baking%20services%20directly%20into%20their%20existing%20customer%20journeys%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EEnablers%3A%3C%2Fstrong%3E%20Usually%20Big%20Tech%20or%20FinTech%20companies%20that%20help%20embed%20financial%20services%20into%20third-party%20platforms%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EProviders%3A%3C%2Fstrong%3E%20Financial%20institutions%20holding%20a%20banking%20licence%20and%20offering%20regulated%20products%3C%2Fp%3E%0A
At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

 

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

 

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

 

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30 

 

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

 

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

 

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

The five pillars of Islam
The Vile

Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah

Director: Majid Al Ansari

Rating: 4/5

Updated: September 11, 2023, 4:14 AM