- Up to 3000 luxury cars annually in the car cemeteries in Dubai
- The Hypercars group includes a rare of millions of millions, from Ferraris to Bugattis.
- Financial crisis and strict debt laws that compel their owners to flee, and leave cars behind them.
In the sparkling oasis in Dubai, where the super gold -plated cars wander around, Rolls -Royce exudes the elegance, and the Lamborghini is present as daily rules, one may expect every strange car to be proud of like the jewel of the crown. However, in a more contradictory story than the rise of the city from the desert sand, a vast “cemetery” of thousands of luxury compounds lies in many under the coercive Arab sun.
This surreal car cemetery, which stretches on the arid horizon in a mirage, contains everything from the Italian Aseela mosque cars to one time corridor, all of them collect dust as calm witnesses to failed ambitions and financial loss. With temperatures more than 100 degrees Fahrenheit and the endless sandstorms capable of burying a car within a few hours, these engineering miracles are a victim of nature attacks unabated over years.
Understanding the phenomenon
The roots of the Cemetery in Dubai are back to the financial and legal environment in Dubai. In a city with almost 88 % of its citizens It consists of expatriates, Dubai’s lack of tax and high living standards, attracts workers and professionals around the world. Easy Credit and the amazing scene of wealth in Dubai, expatriates were bought these dreams and soon overpowered a sea of debt.
The phenomenon reached its peak in 2008 during The global financial crisis When many cars of high and strange value were parked and abandoned when the owners can no longer bear their costs. In the legal system of the United Arab Emirates, the failure to pay debts in the past was a criminal crime, with no bankruptcy laws that protect the defaulters with loans. With the choice between imprisonment or escape, many chose to flee, sometimes with keys in their precious cars, and to give up their valuable assets.
The path of abandonment
“Many people did” discharge and run “during the global financial crisis because at that time the high check was a criminal crime, which led to the prison sentence. So when many expatriates lost their jobs, they simply left their rented places, and left their cars and credit card debts Behind them, they jumped on one trip. ”He explains Damian ReedDubai -based leadership journalist.
The size of this exit from the breathtaking cars. according to Gulf NewsBetween 2000 and 3000 cars are abandoned in Dubai every year. Many of these vehicles are not just regular cars – they are ownership of cars. $ 1 million Ferrari EnzoThat was seen between the abandoned group, sparked international anger and became a symbol of increasing the Dubai surplus.
From abandoning the auction
A journey such cars takes a file Good chart protocol. Once it was monitored, Dubai Police offers a notice, and Malcon receives a message. If there is no claim in 15 days, a car is pulled and seized. The owners have six months to demand the car, with a fine for payment at the beginning. Six months later, cars go in the hammer for a part of their price.
These auctions are by invitation, and buyers interested in participation must register with the police and have a budget to pay for them. There are 20 % safety fees for bidding, and successful buyers have 48 hours to make payment.
Second opportunity
Like phoenixes that rises from desert sand, hope is not yet lost to these buried gemstones. Sometimes, lovers of local cars and mechanics will save such cars, and adopt them for ambitious restoration projects. It is difficult, at least, that these efforts provide a new rental contract for a few cars, but many discussions about whether these values deserve the great investment required.
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Today, while Dubai laws have evolved – there is no longer a risk of imprisonment just to fail to pay the loan – the phenomenon continues. The city’s trapped squares continue to swell, not only by the cars that have been abandoned, but with cars held due to violations such as driving through red light or excessive speed.
While the sunset glows on this silent guard from the surplus, the Dubai Cemeter shows that in a city built on the dreams that have no limits, not all stories have a happy ending with gold. These dusty cars tell a story of big dreams and harsh facts in a city based on ambition.
