Dubai Airport - 3000 Cars Abandoned - Ferrari Life
 
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post #1 of 11 Old 03-19-2009, 11:05 PM Thread Starter
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Dubai Airport - 3000 Cars Abandoned

Ouch.....from autoblog:

3000 Cars Abandoned in Dubai International Airport
by Serena Merriman


Riding high and in style is over for many expats who moved to Dubai to live the good life. As a result of the economic recession that has plagued the most populous of the seven Emirate states, many have begun to flee the country, leaving their cars abandoned outside the Dubai International Airport. Over the past four months, airport police have reported over 3,000 vehicles left in their parking lots, from BMWs to Mercedes. Once symbols of their owners' tax-free wealth, the orphaned vehicles now represent the ruins of a failed utopia.
Five years ago, a building boom fuelled double-digit growth, with thousands of Westerners investing in the skyrocketing real estate market. When the market collapsed, many expatriates were left owning several homes and unable to pay their mortgages. Since the punishment for defaulting on debt is jail (under Sharia, which prevails in Dubai), and the loss of a job results in a revoked visa, many Westerners have decided to cut and run. While some simply left their keys in the ignition, other ‘skips,’ as they have been labeled, offered more in the way of an explanation: maxed-out credit cards were left on passenger seats with “I’m Sorry” notes stuck to windshields. Don’t expect the owners to be coming back anytime soon; Dubai police have issued arrest warrants for the owners.
Locals looking for brand new Beamers at closeout prices can check out the weekly auctions held at one of Dubai’s participating banks.
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post #2 of 11 Old 03-20-2009, 12:47 AM
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Unbelievable..

Looks like there will be some great deals in the Dubai autotrader.com..

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post #3 of 11 Old 03-20-2009, 12:52 AM
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Just amazing and sad to see such unloved cars,...abandoned. w/ smiles Jimmy
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post #4 of 11 Old 03-20-2009, 02:39 AM
 
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there's a reason those cars are unloved Jimmy... they are after all BMW and Mercedes
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post #5 of 11 Old 03-20-2009, 06:48 AM
 
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Beemer's arent that bad,,,no Ferrari, but not that bad. Just got a ride in the Dinan 3 series the other night. Very nice. Quick for a turbo car.
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post #6 of 11 Old 03-20-2009, 08:59 AM
 
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I'll take them

“ To accomplish great things, we must not only act, but also dream; not only plan, but also believe.”-Anatole France
"Dude, it's just math"-Pete
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post #7 of 11 Old 03-20-2009, 11:27 PM
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Quote:
Originally Posted by Chrishawk4 View Post
I'll take them
Chris you will take anything...

Night life........ain't a good life........but it's my life -- Willy Nelson
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post #8 of 11 Old 03-21-2009, 04:48 AM
 
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Originally Posted by Night Life View Post
Chris you will take anything...
Tis true

“ To accomplish great things, we must not only act, but also dream; not only plan, but also believe.”-Anatole France
"Dude, it's just math"-Pete
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post #9 of 11 Old 03-21-2009, 06:22 AM
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Wow
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post #10 of 11 Old 03-21-2009, 04:10 PM
 
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Quote:
Originally Posted by Night Life View Post
Chris you will take anything...
or anyone
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post #11 of 11 Old 03-21-2009, 07:35 PM
 
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or anyone
More picky with women

“ To accomplish great things, we must not only act, but also dream; not only plan, but also believe.”-Anatole France
"Dude, it's just math"-Pete
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