News Net Nebraska

Complete News World

Because in Dubai there is a huge cemetery of abandoned luxury cars.

Because in Dubai there is a huge cemetery of abandoned luxury cars.

Ferrari, Rolls-Royce, Porsche, Bentley and many other expensive models: they are abandoned, even in the desert, by debtors or seized by the emirate's tax authorities. They are put up for auction but real bargains are hard to come by

The great Eduardo Galeano would excuse us if we paraphrased – in a mechanical sense – one of his most beautiful phrases in The Splendor and Misery of the Game of Football: “There is nothing less empty than an empty stadium.” Well, looking at the thousands of abandoned cars in Dubai (here is the video), one might think “There's nothing less sad than a luxury car graveyard». This phenomenon is not unprecedented, but it has reached impressive proportions: there is talk of 2-3 thousand models ending up in designated areas outside Dubai. Endless spaces of this kind can also be seen in China but with a difference: in the east, China is filled with electric cars from failed car-sharing companies while the level is very high in the emirate.

The standard of living

Ferrari, Lamborghini, Porsche, Bentley, Rolls Royce and so on: it sounds unbelievable, but they represent the majority of cars that end up in “cemeteries”. A video of him has gone viral As the protagonist Enzo's Ferrari is worth approximately 1.2 million eurosAbandoned and in very bad condition. The explanation – except in very rare cases – does not lie in the boredom of the local rich: for years they were thought to be so spoiled that they would abandon their former supercar wherever they could to buy a brand new one. The truth lies in the old concept of biting off more than you can chew, which makes many foreigners – especially Britons – have difficulty moving to Dubai and are unable to maintain the desired standard of living for a long time. But there are also local entrepreneurs (mostly property developers) who are in dire straits or are tax evaders.

See also  Watch out for this new virus on your mobile phone that may empty your bank account in an instant

The problem is that in Dubai, failure to pay a debt (even just a mortgage installment, a loan, or a month's rent) is a criminal offense. There are no bankruptcy administration laws, and you cannot seek legal protection of any kind: it is better to leave the car – wherever it may be under a house or in the desert – and disappear for a while. But those with Dubai passports change emirates more easily while foreigners return to their country of origin. The alternative is prison. For your information, owners of seized cars have fifteen days to recover their car, pay off the debt, and get it back before selling it at public auction. But almost all cars go under the hammer for a few dollars on Is it worth it? As always, it depends on the condition of the car and any repairs, moreover, we must not forget the cost of importing by ship (for example, a 2015 Maserati Quattroporte costs 9 thousand euros) and re-registration in Italy. Not taking into consideration that it often takes months to deliver it to your home. So be careful.

28 December 2023, 08:23 – Updated 28 December 2023, 08:24