Breathtaking designs, unparalleled comfort and disruptive tech – the allure of luxury vehicles never fails to captivate buyers’ interest. While these high-end vehicles generally come with a hefty price tag, their unrivalled appeal and exclusivity make them worth the cost. Even in the used car market segment, luxury vehicles are highly sought-after, not just for their appeal and performance but also for their status and exclusivity.
dubizzle has long prevailed as the leading platform for buying and selling pre-owned vehicles in the UAE. With some of the finest luxury models on the listings, dubizzle has busted all used car myths and solidified its status as an authentic, customer-centric and trusted platform for car buyers and sellers. In 2023, we tailed an impressive 300k+ listings, perfectly representing users’ trust in dubizzle and the general interest in pre-owned vehicles. Beyond these remarkable figures, a vast choice of over 1000 models from more than 100 brands has ensured that every visitor conveniently finds what they seek.
Concluding another successful year, dubizzle upholds the tradition of sharing valuable insights from the UAE’s luxury used cars market. This luxury pre-owned car market report for 2023 presents an in-depth analysis of dubizzle’s data, which sheds light on the market’s performance during the year. Read on to explore the dominant trends and top-performing brands and models in this segment.
LUXURY PRE-OWNED CAR MARKET TRENDS IN 2023
Overall, the growth of the pre-owned car market segment in the UAE is fueled by several factors, predominantly the difference in prices and slow depreciation rates of pre-owned models.
Industry-led innovation and changes in consumer preferences are also strong contributors to the segment’s growth. For instance, the rise of electric vehicles has prompted leading automakers to introduce eco-friendly vehicles in their lineup, expanding the number of environmentally friendly vehicle choices – a change welcomed by a rising number of eco-conscious consumers.
For such consumers, the availability of pre-owned EVs has provided an opportunity to switch to a greener vehicle without paying the excessive cost of a new electric vehicle. As per dubizzle search trends, EV demand has increased by 33%.
The UAE government has also taken a keen interest in promoting green mobility, such as the Dubai Green Mobility Strategy 2030, among many more initiatives. Owing to these initiatives, the Emirates has ranked 7th on the Global Electric Mobility Readiness Index (GEMRIX) in 2023.
Interest in smarter technology based on the Internet of Things (IoT) and artificial intelligence in cars has also increased the demand for luxury cars. Autonomous driving, smart safety features and voice commands enhance the driving experience, making premium vehicles equipped with such tech more desirable for buyers.
The availability of a trusted platform like dubizzle Cars has further streamlined the entire experience for the users. Buying a car from dubizzle with a wide range of value-added services under one roof saves a fair amount of legwork and time. Moreover, the platform hosts grand events like the dubizzle Yard Weekend Sale to showcase the diverse portfolio of vehicles. Besides, a luxury pre-owned vehicle in pristine condition with a comprehensive history and inspection report bought from the comfort of your home remains a bargain at any price.
POPULAR MAKES FOR PRE-OWNED LUXURY CARS IN 2023
The dominance of German car brands was unchallenged in 2023, similar to previous years. For the third consecutive year, Mercedes-Benz and BMW have stood firm as the top two pre-owned luxury car brands. Strong adherence to modern standards and incorporation of cutting-edge technology have kept user interest intact in the brands’ vehicles.
Mercedes-Benz, a brand synonymous with luxury and comfort, has retained its top position for the third consecutive year. It has numerous top-of-the-lines vehicles – many boasting an iconic status in the automobile industry. Approaching its centennial in 2026, the brand’s legacy is built around producing luxury vehicles with the utmost level of comfort. Besides that, Mercedes is also focused on embedding technologically advanced features like the MBUX Augmented Reality in its models that will reshape the future of mobility.
BMW, yet another German giant, has followed Mercedes on the list of popular luxury makes in 2023. BMW’s car history elaborates on how the automaker evolved its vehicles, revolutionising the automobile landscape. The brand continues to present futuristic features in its concept cars, like E-ink colour-changing technology. Many of its advanced features, like BMW in-car gaming and Shy Tech, are now readily available in production-ready vehicles. Other than its leading-edge tech, the appealing aesthetics and driver-friendly features have kept users interested in BMW vehicles.
Toyota’s luxury division, Lexus, has successfully maintained its rank as the third most popular pre-owned luxury car make. From crossovers to sedans and SUVs, the Lexus range has various car body types to cater to varied customer profiles. Additionally, firm adherence to safety with features like Lexus Safety System makes the brands’ vehicles an easy pick for those looking for a high-end vehicle.
The British brand Land Rover, predominantly producing off-road vehicles, has also emerged as a top-used luxury vehicle brand. The Land Rover families have continued to amass immense popularity for their commendable off-roading capabilities. Right behind Land Rover is Porsche, with its perfect balance of agility and luxury. From breathtaking aesthetics to innovative features, the German brand continues to turn heads and attract attention as the fifth most popular luxury make. Given its massive fanbase, the brand holds noteworthy events like Icons of Porsche to showcase its heritage and legacy on an enormous scale.
Audi has also remained a top-used luxury car make in 2023. The automaker promotes eco-friendly mobility with models like E-Tron and Q5 available with electric and hybrid drivetrains. Lamborghini has also made its way to the list of the most popular pre-owned luxury brands in the UAE. Features like distinctive Lamborghini wheels and unique body designs make the brand’s vehicle highly appealing.
Another Italian brand, Ferrari, has become the eighth most popular luxury brand in the UAE. The introduction of Ferrari Purosangue, the brand’s first SUV, shows the automakers’ interest in expanding the lineup. Ferrari is followed by GMC and Rolls Royce. GMC has continued to reign supreme in the SUV and pickup truck segment, while Rolls Royce has retained its status as a highly sought-after premium make.
MOST POPULAR PRE-OWNED MODELS FOR TOP LUXURY MAKES IN 2023
SUVs and sedans have remained the preferred body types among used luxury car buyers in the UAE. Consequently, these popular car body types have dominated the list of popular pre-owned cars in the region.
The S-Class has continued its glorious run as the top Mercedes model. The full-sized luxury sedan has rear-axle steering for enhanced handling and vehicle control. Moreover, a panoramic sliding sunroof, comfortable seats and high-quality upholstery ensure maximum cabin comfort. The compact sedan, C-Class, has also remained popular with an interesting array of features such as its enhanced heads-up display and MBUX touch control concept. The third most popular choice, the Mercedes E-Class, is also known for its fine equilibrium of comfort and performance.
For the second most popular luxury car used brand, BMW, 5-Series, 7-Series and 3-Series have prevailed as the most preferred models. The latest model of BMW 5-Series houses a 2.0-litre Inline 4-cylinder engine. Combined with BMW TwinPower Turbo technology, the engine produces 208 horsepower and 329 NM torque. Whereas the BMW 7-Series stands out with features like Integral active steering and the all-new BMW interaction bar. The BMW 3-Series also delivers on the brand’s promise of comfort, luxury and performance.
The LS-Series has remained the most popular pre-owned Lexus model. The 2023 model of the luxury sedans is available with two engine variations – a 2.0-litre turbo and a 3.5-litre V6 engine. A more rigid chassis improves cornering and responsiveness. Additionally, the all-new Pre-Crash System introduced by Lexus enhances safety. The Lexus ES-Series comes with a sleek exterior and modern performance specs. The mid-size SUV, the Lexus RX, with ample space and notable specs, remains a popular choice in the pre-owned luxury cars segment.
Range Rover, Range Rover Sport and Defender have been the three most sought-after Land Rover models. Land Rover’s flagship SUV, the latest Range Rover, has surpassed its predecessors fairly with its distinguished design and advanced features. The use of intuitive technology ensures that performance matches the vehicle’s stature. Similarly, the Range Rover Sport remains an off-roading beast with superior performance specs. Meanwhile, the Defender offers superior performance on different terrains.
For Porsche, the Cayenne, 911 Carrera, and Panamera have emerged as the brand’s top models in the used luxury cars segment. The latest Cayenne has a multi-purpose design, making it suitable for long off-roading and road trips. The mid-size SUV has a maximum speed of 248 km/h, and the engine can deliver 343 horsepower and 500 Nm of torque. Similarly, the 911 Carrera and Panamera boast remarkable performance specs – complementing the vehicles’ sporty designs.
PRE-OWNED LUXURY CAR MODELS BY BODY TYPE
Sleek body designs with powerful engines matching the aesthetics have kept customers invested in the brands. Moreover, different car trim levels and facelifted models enhance the choices. Among the many available models, some have garnered immense popularity. Let’s explore the top pre-owned luxury car models of 2023 by body type and check out their average prices.
MOST POPULAR PRE-OWNED LUXURY SUVS WITH AVERAGE PRICE IN 2023
In the UAE, SUVs have always been popular due to their size, comfort, appeal and off-roading capabilities. In 2023, these large vehicles remained popular among users looking for luxury vehicles on dubizzle.
A powerful off-roader packed with high-end features, Nissan Patrol, has continued its reign as the top SUV in the luxury vehicle segment. The average prices for the used 2019 to 2022 models of this full-sized SUV ranged from AED 151,400 to AED 249,800 in 2023. The 4WD SUV is an ideal choice for desert driving and off-roading adventures. The latest model boasts a V8 engine that churns out 400 horsepower and 560 NM torque. Additionally, the SUV features Variable Valve Event and Lift (VVEL) and hydraulic body motion control to enhance the overall performance. A voice recognition system and eco mode add more to the driving experience.
Toyota’s flagship SUV, the Land Cruiser, has retained its spot as the second most popular pre-owned luxury SUV. The 2023 model is powered by a 3.5-litre Twin Turbo engine that complements the SUV’s grand stature. Furthermore, the 3D multi-terrain monitor, adaptive variable suspension and blind spot detection system provide superiority over different terrains. In 2023, used Land Cruisers with model year 2019 to 2023 were priced between AED 217,600 and AED 339,200. The 2024 Toyota Land Cruiser is making a comeback with the retro design.
The Land Rover Range Rover has become the third most popular pre-owned luxury SUV. The latest model is available in two variants: a mild hybrid (MHEV) and a plug-in hybrid (PHEV). The specifications ensure a smooth and eco-friendly off-roading experience. According to our data, the average prices of used Range Rover ranged between AED 307,200 and AED 893,800 in 2023.
Then we have the iconic Mercedes-Benz G-Class, loaded with features like adaptive damping system suspension and a driver assistance package. The average price of pre-owned G-Class models from 2019 to 2023 has ranged from AED 606,700 to AED 1,059,400. The Range Rover Sport has also found a spot among popular used luxury SUVs in 2023. The latest model is available in a PHEV variant, whereas the upcoming fully electric version is set to electrify the off-roading escapades. In 2023, the average prices of used 2019 to 2023 models were between AED 271,000 and AED 688,300.
The Porsche Cayenne has also maintained its rank as a top luxury SUV. The crossover SUV features a 4.0-litre bi-turbo V8 engine and can go from 0 to 100 km/h in 6 seconds. In 2023, the prices of pre-owned 2019 to 2023 models have remained between AED 279,800 and AED 530,700.
Users looking for used luxury SUVs in 2023 have also considered the BMW X5. The budget required for its pre-owned 2019 to 2023 models ranged between AED 243,900 to AED 409,800. The 2023 model comes equipped with augmented reality navigation and dynamic damper control to enhance the driving experience.
Jeep Grand Cherokee, Land Rover Defender and Lexus LX-Series have filled the remaining spots on this list. In 2023, the price range for the Grand Cherokee (used 2019 to 2022 models) has been around AED 116,300 to AED 213,700. Used Defender from model year 2020 to 2023 has average prices between AED 320,700 and AED 459,400. Whereas, the budget required to buy used LX-Series models has been around AED 328,900 to AED 623,000.
MOST POPULAR PRE-OWNED LUXURY SEDANS WITH AVERAGE PRICE IN 2023
There are many reasons to buy sedans – but high-end sedans are a different league altogether. A fine blend of elegance and innovation, luxury sedans are built to impress. While the price matches the performance, many consider buying a pre-owned car to get their hands on their preferred luxury model within a reasonable budget. Let’s take a look at the premium makes and models that have managed to attract used sedan buyers in 2023.
Mercedes-Benz S-Class has taken the lead in this exclusive league. With looks to impress, this full-size sedan stands out with its lush-fitting door handles and seamlessly blending digital light headlamps. The performance specs are top-of-the-line and the exclusive driving assistance package adds a great layer of security with partially automated driving assistance. In 2023, the average price for the 2019 to 2023 S-Class models has ranged from AED 263,600 to AED 676,200.
Maintaining the dominance, two more Mercedes models have acquired the second and third spots as the most popular pre-owned luxury sedans in the UAE. The Mercedes-Benz C-Class and E-Class have followed the S-Class as popular luxury sedans in the used car market. Both the models are equipped with signature Mercedes features, such as MBUX augmented navigation, a new head up display and rear-axle steering. Already ranked among the top Mercedes models in the UAE, the C-Class and E-Class have continued to make rounds. The average price of pre-owned 2019 to 2023 models of the C-Class has been around AED 135,100 to AED 261,800, while used E-Class models costed around AED 164,300 to AED 321,300.
The Lexus LS-Series has ranked as the fourth most popular pre-owned luxury sedan in the UAE, with the average price of used 2021 to 2023 models ranging from AED 222,000 to AED 374,300 in 2023. In the latest model, Lexus LS offers a powerful engine accompanied by the Lexus Safety System+ 2.0.
Two BMW models, the 5-Series and 7-Series, have attained the fifth and sixth spots among the top pre-owned luxury sedans in the UAE. The 5-Series can go from 0 to 100 km/h in 7.5 seconds and is popular due to its agile performance. Meanwhile, the 7-Series has features like Intentional Intelligence Drive and Pro suspension control system. For 5-Series, average prices of used models from 2021 to 2023 have been between AED 193,300 to AED 245,000, while pre-owned 7-Series models from those years costed around AED 274,200 to AED 585,200 in 2023.
The average price for the Lexus ES-Series in 2023, has been AED 129,200 for the 2019 model and AED 193,100 for the 20200 model. A moonroof, Lexus Premium Surround Sound System with 10 speakers, and Active Traction Control (ATRC) ensure an unrivalled driving experience. BMW 3-Series has also made it to the list. The latest model of the 3-Series is equipped with an Intelligent driver assistance system, cutting-edge cockpit design and BMW iDrive operating system. In 2023, the average prices of 2019 to 2023 models of 3-Series have ranged from AED 146,200 to AED 214,200.
Lexus has continued its dominance in the luxury sedan segment as two more models have secured their spots as the most popular luxury sedans. The Lexus IS-Series and GS-Series have attained the 9th and 10th spots, respectively. The IS-Series is available in two engine specs: a 2.0-litre turbo engine and a 3.5-litre V6 engine. In 2023, used IS-Series models from 2019 were priced between AED 93,600 and AED 222,000. Whereas the prices for the 2019 and 2020 GS-Series models were around AED 135,700 and AED 185,100.
An Electrifying Change – The Increase in EV Demand
Electric vehicles have continued to garner immense attention. The general shift in focus towards eco-friendly vehicles has prompted major brands to introduce EVs in their lineups. Moreover, modern EVs are fully capable of competing with petrol vehicles.
Issues like EV range anxiety and lack of charging stations are a thing of the past now. The government has taken a keen interest in promoting green mobility and has included electric vehicles in several of its projects. For instance, the Tesla Model 3 has become a part of the Dubai Taxi fleet.
Moreover, the trial of Chinese EV Skywell for Dubai Taxi also portrays government efforts in promoting electric vehicles. All in all, the electrical wave has taken the industry by storm. Consequently, increased user search for EVs has also reflected this uptick in demand.
Concluding Remarks
The pre-owned car market has witnessed significant growth in recent years. The sector has remained a major contributor to the UAE’s economy.
Moreover, platforms like dubizzle have played their part in establishing user trust in the pre-owned cars segment. Buying a car from dubizzle remains a breeze and the plethora of services add more to the car-buying experience. As we head towards the end of the report for used luxury cars in the UAE 2023, let’s take a look at some useful insights and findings as per dubizzle data.
- As per dubizzle data, electric cars have observed a significant increase in demand. People have shown keen interest in these eco-friendly vehicles.
- The inclusion of EVs by many luxury brands has also sparked public interest in electric vehicles. For instance, Spectre by Rolls Royce and Hummer GMC EV among other vehicles.
- All-electric car brands like Tesla and Polestar have continued to make rounds with their high end vehicles. The Tesla Model 3 and Polestar 3 are some notable releases by these luxury brands in 2023.
- SUVs and sedans have remained the predominant body types in the pre-owned luxury vehicle segment.
- German auto brands have continued their dominance in the pre-owned luxury vehicle market. Mercedes-Benz, BMW, Audi, and Porsche have been included on the list of most popular luxury brands in the UAE.
- Mercedes-Benz has dominated the pre-owned luxury sedans segment. The S-Class, C-Class and E-Class, some of the most popular used Mercedes sedans have attained the top spots on the popularity charts.
- In the popular pre-owned luxury SUV segment, Nissan Patrol, Toyota Land Cruiser and Land Rover Range Rover have extended their reign.
- Lamborghini and Ferrari have struck big and ranked among the top luxury brands in the UAE.
- Lexus has gained immense popularity in the luxury sedans segment, with four of its models making it to the list of top pre-owned luxury sedans.
Stay tuned to dubizzle’s auto blog to get market overview of pre-owned vehicles in the UAE and more.
Disclaimer: The above report for used luxury cars in the UAE 2023 is based on data from listings advertised on dubizzle and is not representative of actual car transactions in the UAE. All popularity figures mentioned in this report are determined by the pageviews on the dubizzle platform. The average prices (AED) are for pre-owned models manufactured from 2019 to 2023.
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