A report in The National yesterday (10 January, 2009) said that in 2008, the number of abandoned-leased cars increased by 123 per cent and gave the following numbers:
- 65 cars were abandoned at Dubai airport and seized by the policeÂ by the end of 2008
- 22 cars were removed from Dubai airport by police “recently”
- 1450 cars were claimed back by banks in 2007 (not just abandoned at the airport) – about 28 cars per week
- 3200+ cars were claimed by banks in 2008 – about 60 cars per week.
However, private source said, that around 460 cars were found parked with keys inside, in Dubaib Airport parking lot, which assumes of people terminated who fled the country leaving these cars.
We can’t speculate guessing what the exact number is, but even ifÂ the newspapers’ report is true, how many cars we can expect to be found abandoned on the streets and open car parks around buildings in Dubai and the northern emirates,Â where mostly expats live?
It’s the right time to purchase car for less, as everything else going for less nowadays.
Seized cars end up as lots in an auction or on the floor of car showrooms. Golden Belt, an auction house based in Al Aweer, Dubai, holds car auctions every week where many cars taken back by banks are sold off. Among them are expensive sports cars such as Porsches and BMWs.