The average person does not recognize the majority of cars that roam the busy streets in Dubai. They would not recognize them if they had not seen them in a magazine or on the Internet.
Dubai is one of the richest cities in the world! Until 2009 ... With the collapse of the stock market, everything changed for many people, even many aristocratic citizens of Dubai. Before the collapse of the stock market, financing was easy to get; money flowed in this city like water.
When you live and work in one of the richest cities in the world, you will keep up with Joneses. Luxury penthouses and exotic cars were part of the culture of Dubai and some of the rich oil-producing countries in the Middle East. This created a strange phenomenon. In all of Dubai and quite often at the airport, people leave some of the most expensive sports / luxury cars in the world with keys in them when they run out of the country!
BMW, Mercedes, Ferrari, Porsches, Jaguars and Rolls Royces; some cost over a million dollars, many of them hundreds of thousands of dollars. There was a Ferrari Enzo, which cost 1.65 million dollars that were left! Police said there were more than 3,000 abandoned cars in Dubai last year. They are left to sit covered with dust, looking as if they are useless. It makes car enthusiasts go crazy! People often leave credit papers or issue credit cards in cars with regrets.
The reason they refuse them is that there is a Sharia law in the United Arab Emirates. If you miss a payment or refuse a check or you cannot pay your loan, this may mean a jail time for you. In countries with Sharia law, there is no such thing as bankruptcy.
People are expelled from the country if they have an outstanding debt. Thus, the solution for many is to get out of the country before they are in trouble.
Many are unhappy that these cars occupy good parking spaces in the parking lot at the airport! When no one claims a car, he is ever auctioned by the police. Now, at auction !! You can win one of the best offers on this new Bentley that you want to receive, but take the money! I'm not sure that you can get a loan for these purchases anymore!
