Can you imagine dumping your supercar? Well, it happens all the time at the Dubai airport. The height of it was in 2009 when the stock market crashed and a lot of people went bankrupt. In Dubai, prison sentences are very harsh if you’re in massive debt so a lot of people who aren’t United Arab Emirate residents (mostly Europeans) who came to Dubai in early 2000 looking for high paying jobs, decided to drive their supercar to the airport and take a one way ticket back home. Dubai police give an abandonment notice after 14 days and end up impounding the cars to police parking shortly after. These cars then await their owners for a few weeks, but if no one shows up to claim them, they end up in police auctions.
While some of these cars aren’t that extraordinary, you can see a limited edition Ferrari Enzo, Porsche, BMW, Rolls Royce, Maserati, Lamborghini, Range Rover, Mercedes, and many other brands. Many of these cars are found with an apology note inside as well as a credit card or two that have been used to the maximum allowance. Currently, there are 2,000-3,000 cars abandoned each year in Dubai. This really hurts considering the humid and harsh conditions of Dubai, imagining a Ferrari Enzo exposed to the natural elements and covered in dust and sandstorms. The Ferrari Enzo owner was allegedly a British national who left more than his nice car there. He left his entire life to avoid the harsh imprisonments which are strictly enforced.
Dubai, a small city located in the United Arab Emirates is known as the Las Vegas of the Middle East. Among many things, it offers the nicest hotels, shopping malls, supercars and hypercar collections. Thousands, if not millions, of foreigners travel to Dubai each year to seek work or their dream job. A lot of them get a temporary visa to do construction, since it is a developing city. Others travel or migrate there as businessmen, designers, engineers, and doctors. Dubai’s main income is its oil supply as well as its famous airline known as Emirates, one of the nicest, most luxurious airlines. Many people moved to Dubai to make a better living, especially when it was booming with new developments in early 2000. People made good money and took out loans to buy fancy cars and houses. A lot of Emiratis also started doing the same. Some are so well off, they like to indulge themselves in ways we could never understand, like changing cars every 6 months, always wanting the latest and greatest.
Because nonpayment of debt is a criminal offense under the law in Dubai (Sharia law) and most of the Middle East, you can’t forget to pay any bill even if by accident. Foreign workers have been added to the blacklist and were not allowed to leave the country if they were missing a payment or if one of their checks bounced. There’s no such a thing as bankruptcy protection in the United Arab Emirates which is why people prefer to leave. People from all walks of life abandon expensive things to avoid imprisonment.
What does this mean to car lovers? It means you can pick up your dream car at a big discount. The Dubai police auction is exclusive to these cars which are sold for pennies on the dollar. So you can certainly find a good deal. You need to be sure you can afford the payments though. Otherwise, your new car would end up in an auction again.