Why thousands of expensive cars are abandoned in Dubai

Why thousands of expensive cars are abandoned in Dubai

Dubai is a popular city for a holiday destination, skyscrapers, and luxury. The city has some of the richest people in the world. While this is true, large cities face problems like crime, unemployment, and housing costs, but the surplus of abandoned cars is an epidemic in Dubai.

According to Gulf News, 2000- 3000 supercars are abandoned each year. Some luxury supercars include Bentleys, Porsches, Nissan Skylines, BMWs, Lamborghinis, Ferrari, and Honda NSX. These cars are left in public parking lots or Dubai Airport.

Most people believe that the citizens are wealthy and can discard things when they are bored. However, this is not true. Dubai also faces a global financial crisis. The owners are not able to repay loans. Anyone who defaults on loans faces jail terms in the United Arab Emirates tough prisons. The luxury cars are picked and auctioned by the police. Here are the steps of the auction process:

  • Guests get a document with information about the cars available at the event.
  • Guests must have a deposit fee and emirate ID at the counter. Also, they have to register.
  • Every guest gets a bidding number.
  • At least four people conduct the auction.
  • The highest bidder gets the car.
  • Payment is made within 48 hours.

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