As the economy and its slowing effects take a negative downturn in the Unites States, countries across the pond have been taking major hits below the belt. Reports tell Tuned that over 3,000 vehicles have been abandoned by their respectful owners in the past 4 months alone. The trend is the fruit of the declining Dubai real estate industry and what critics say is “laughable”. Many of these vehicles are of high profile, having been owned by fleeing executives most likely returning to their native countries.
Dubai has a strong policy for travel and business Visas and has been overturning an average of 1500 Visas per month in 2009 alone.
The abandoned vehicles become property of the state and are auctioned off at public auctions where a heck of a bargain can be made.
Just last week it was reported that an Englishman purchased an abandoned Ferrari 360 Modena for little over $35,000, incredible isn’t it?
Tuned travel tip: Travel to Dubai, go sightseeing, buy a car.