Dubai's supercar graveyard: Why do thousands of luxury cars remain abandoned in the Gulf Tiger!
Dubai's abandoned luxury cars, from Ferraris to Lamborghinis, reveal a harsh reality behind the city's opulence. Strict Sharia-influenced financial laws criminalize debt, leading expats and locals to flee unpaid loans, especially after the 2008 crisis. Impounded vehicles are auctioned after a 3-month notice, but most belong to banks, not opportunistic buyers.
Dubai's abandoned luxury cars, from Ferraris to Lamborghinis, reveal a harsh reality behind the city's opulence. Strict Sharia-influenced financial laws criminalize debt, leading expats and locals to flee unpaid loans, especially after the 2008 crisis. Impounded vehicles are auctioned after a 3-month notice, but most belong to banks, not opportunistic buyers.
