Reasons behind Abandoned Luxury Cars in Dubai: Facts, Sale & More

Reasons behind many abandoned luxury cars
Where are luxury cars abandoned
What happens to the abandoned luxury cars
Tips for buying abandoned luxury cars

For most of us, it is impossible to imagine dumping our super expensive luxury car in the middle of nowhere – In Dubai, however, it isn’t unusual to find such luxury cars abandoned in various places. Why would someone leave behind an asset worth thousands or even millions of dirhams? Let us find out the answer to these questions and the possible reasons behind so many abandoned luxury cars in Dubai.

Facts and Figures

A wide range of luxury cars are found abandoned at different places in Dubai

There is a lot of speculation about the reasons behind abandoned luxury cars in Dubai, and a couple of rationales have surfaced.

Every year between 2,000 to 3,000 high-end cars are left in Dubai with keys in the ignition, according to the popular tabloids in the region. You will not just find one brand’s supercars abandoned in the city, but nearly all the models of luxury brands like Audi, Koenigseggs, Ferraris, BMW and Bugattis can be found stranded in the city streets and parking lots.

It is interesting to know that the luxury cars abandoned in Dubai belong to the expats and foreigners, living in the city for work and business.

Why are there so many Abandoned Luxury Cars in Dubai?

Soon after the economic crash of 2009, Enzo worth £1 million, one of the rarest Ferraris was found abandoned in Dubai. It was given up by a British expat, who had spent his entire life here. As per sources, he flew away to escape imprisonment, since he was unable to pay off the remaining loan on his supercar.

The plausible reason for several abandoned cars in Dubai in this scenario was the unmanageable financial burden and fear of imprisonment. Lets learn more about leaving such luxury cars due to non-payment of finances:

Failure to Pay off Debts

Since Dubai is a land of opportunities, a large number of expats come here for work. Many expats overspend to match the lavish living standards in the emirate. They invest in big homes and luxury cars. But, due to poor finance management, they fall into debts. According to the UAE laws, failure to pay off debt is considered a serious offence.

abandoned luxury cars in dubai — People abandon luxury cars in Dubai when they fail to pay off debts

When the time to pay off the debt comes nearer, these debts become a fearsome burden. Therefore, many luxury car owners prefer to abandon the beauties and fly away to escape imprisonment.

Unable to Sell Car Due to Restrictions by Dubai Law

Why do the owners of flashy cars not opt for selling them instead of dumping them? Though they can easily sell luxury cars in Dubai online as well. According to the laws regarding used car registration in Dubai, the owner is obliged to pay off all the dues including debts before the car title deed can be transferred to the new owner. This fact justifies why indebted ex-owners find it better to flee and abandon their expensive cars in the middle of nowhere.

Where can I Find Abandoned Luxury Cars in Dubai?

abandoned supercars in Dubai — Luxury cars are left in the parking lots of airports and malls with keys in ignition

As mentioned earlier, hundreds and thousands of abandoned luxury cars are found at the parking lots of airports. Other cars can be found parked at random places like near a shop and even in residential areas.

Dubai law works differently when it comes to moving abandoned cars. The government does not pay heed until the abandoned car is blocking the traffic or the residents or shop owners start to complain. It is very likely that such cars can remain at their place for over a year.

What Happens to the Abandoned Cars in Dubai?

Any vehicle found abandoned in Dubai is impounded by the Dubai Municipality. Once impounded, the owner of the vehicle is given 15 days to come back and claim their car. In case of failure to do so, the car is auctioned in Dubai. Since they are dusted and wrecked by the weather, the cars are sold on pennies, despite being priced for million dollars. Therefore, licensed car dealers can come up at the auction and buy a Ferrari or BMW at the minimum possible rate.

One can buy abandoned luxury cars in Dubai at the auctions or get scrap parts of the vehicle. Besides, its better to consider the tips when buying a car from auction in Dubai. The buyers can then get car washed and repaired in Dubai and sell it. These cars can also be put up for sale on dubizzle. This online portal has many used cars for sale in Dubai of different makes and models that include:

Things to Consider Before Buying an Abandoned Luxury Car

Perform a complete check of the abandoned luxury car, both internally and externally. This should be the mandatory step.
These cars are left for long in impound lots and other places in the city are expected to have dust and sand in the engine that can impact the car’s performance.
Even after thorough wash, not all the grit and dirt can be removed, so taking them to car detailing shops in Dubai may help.

These are the reasons why luxury cars are abandoned in Dubai. Now you also know what happens with these cars and how they are sold. If you want to buy one of such cars, contact a licensed abandoned car dealer. Also, make sure you have all the documents required for buying a new or used car in Dubai.

Stay tuned to other interesting auto-related blogs on dubizzle.

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