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UAE abandoned cars: not entirely expats’ fault
| Published: | 15 Sep at 9 AM |
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Luxury cars that have been abandoned at airports throughout the United Arab Emirates might not completely be down to expats fleeing strict debt laws, according to reports.
Recent studies have shown that there is a high number of luxury sports cars that have been abandoned at Abu Dhabi and Dubai airports by expats worried that they will end up in prison as a result of their debt.
The Sharia law, observed in the UAE and across the Middle East, states that it is a criminal offence to leave debt unpaid. There are no bankruptcy laws in the Emirates, so even if people fall into debt accidently, they cannot be protected.
Highlighting the situation, images of a Ferrari Enzo worth over £1m, rumoured to have been abandoned by a UK expat in Dubai have circulated across the country. It is thought that the man failed to make loan repayments on the limited edition automobile and fled the emirate to avoid a possible jail term.
There have been a number of cases when expats have been stopped from flying out of the UAE due to the fact that they have been blacklisted for bouncing a cheque or failing to make a credit card payment.
However, the number of abandoned cars is not simply because of foreigners fleeing, as the financial crisis has hit many locals hard too. Recently, the Municipality of Abu Dhabi impounded a tranche of cars, with records showing that they were owned by a mix of Emiratis and expats.
Recent studies have shown that there is a high number of luxury sports cars that have been abandoned at Abu Dhabi and Dubai airports by expats worried that they will end up in prison as a result of their debt.
The Sharia law, observed in the UAE and across the Middle East, states that it is a criminal offence to leave debt unpaid. There are no bankruptcy laws in the Emirates, so even if people fall into debt accidently, they cannot be protected.
Highlighting the situation, images of a Ferrari Enzo worth over £1m, rumoured to have been abandoned by a UK expat in Dubai have circulated across the country. It is thought that the man failed to make loan repayments on the limited edition automobile and fled the emirate to avoid a possible jail term.
There have been a number of cases when expats have been stopped from flying out of the UAE due to the fact that they have been blacklisted for bouncing a cheque or failing to make a credit card payment.
However, the number of abandoned cars is not simply because of foreigners fleeing, as the financial crisis has hit many locals hard too. Recently, the Municipality of Abu Dhabi impounded a tranche of cars, with records showing that they were owned by a mix of Emiratis and expats.
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