Dubai, DUBAI ABANDONED LUXURY CARS - Expats Fear Being Jailed Because of Overdue Debts
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SUBSCRIBE to ELITE NWO AGENDA for Latest on GLOBAL RESET / CURRENCY WARS / GOLD / SILVER http://www.youtube.com/ELITENWOAGENDA DUBAI ABANDONED LUXURY CARS - Expats Fear Being Jailed Because of Overdue Debts Abandoned luxury cars left at airports across the United Arab Emirates may not entirely be the fault of expats escaping tough debt laws. Recent reports have highlighted high-end sports cars gathering dust at Dubai and Abu Dhabi airports from panicked expats fleeing the country to avoid prison sentences for money owed. Images of a limited edition Ferrari Enzo, worth more than £1 million, allegedly abandoned in Dubai by a British expat have been circulated widely. He was believed to have defaulted on a loan for the supercar and fled the city to escape possible imprisonment. Under Sharia law which is observed across the Middle East, non-payment of debt is a criminal offence. As the UAE has no bankruptcy laws, there is no protection for those slipping into debt, even accidentally. There have been cases of foreigners being prevented from leaving the Emirates after being blacklisted for simply missing a credit card payment or bouncing a cheque. But the spate of abandoned luxury cars – of which more than 3,000 were discovered last year – is not an exclusive tactic of expats on the run. One British expat said: "It's not just expats to blame for the irresponsible act of leaving expensive cars behind as they flee their debts, but many locals too. The aftermath of the global financial crisis affected people from all walks of life, not just foreign workers. "Many took out big loans to finance flashy cars to keep up with their peers. But when things slowed down they have struggled to make repayments and have fallen into debt. Foreigners and locals have been caught out alike." A recent tranche of cars impounded by the Municipality of Abu Dhabi included a mix of foreign and Emirati owners. A chief drawback of the abandoned cars is that they take up much-needed spaces at airport car parks. On the plus side, many of these luxury cars are auctioned by the police at bargain prices. Once a vehicle is suspected of being abandoned, local government inspectors will issue a warning notice. If the owner fails to respond within 15 days the car will be taken to a police scrapyard where it can still be reclaimed for a small fee. dubai emirates "united arab emirates" UAE law car "car rental" supercar "supercar rental" "dubai supercar" yacht investment invest "made in italy" millionaire billionaire debt crisis bubble economy rich wealthy elite "super rich" luxury society 2015 2016 travel expat property "real estate" monaco london bank loan "credit card" wealth asset lifestyle auto exotic "airport parking" "savings account" savings ferrari bmw mercedes lamborghini "elite nwo agenda" debt collection loan shark auction range rover 5 star hotel arab invasion gumball rally 1% 99% payday loan alex jones infowars david icke lindsey williams louis farrakhan jim rogers marc faber prediction china russia f1 bugatti top gear jeremy clarkson gtboard speedracer38 frikk gerald celente anonymous Most impounded vehicles however are never reclaimed, with hundreds of cars auctioned off each year. While the global economic slowdown has dented growth within the Gulf states, the UAE is still one of the region's strongest economies. These high-performance cars have been left abandoned at the airport by expats who fear being jailed because they are in debt. Sign of the times: Thousands of high-performance cars have been left abandoned at Dubai airport by expats who fear being jailed because they are in debt. This is a Ferrari Enzo worth £1million Dumped: Instead of facing possible jail sentences under the strict debt laws in Dubai, many Brits have decided to return home, without even bothering to sell on the cars. This is a Jaguar XJ220 worth £200,000 Instead of facing possible jail sentences under the strict debt laws in Dubai, the Brits have decided to return home, without even bothering to sell on the cars. Luxury cars which have been left at the airport with the keys in the ignitions include Mercedes, Audi's and Jaguars Dubai is governed by strict Sharia laws which can see people sent to prison for being in debt. You might not know Yves Rossy by name, but there’s a decent chance you’ve seen him before. He’s one of the only people in the world with a working jetpack — and he’s really good at flying it. We’ve seen him fly next to a B17 bomber, circle Mount Fuji, and soar over the Grand Canyon. But the man with the jetpack just released his most hair-raising video yet. burj al arab
Comments
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I feel so sorry for them
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This isn't true. This happened in 2008. Most expats can't even afford a $2,000 driving license to get to owning a car. A handful of expats who have decent income own a 3 to 5 year old Corolla. Only elite locals have expensive toys. Most educated expats live 10 to a room with over 30 per 3 room apartment without a living room and a dirty kitchen, as salaries are getting lower and lower. Situation for labor class is even worse.
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abandoned super cars where I live? lol.
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Fuck NWO
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Yes I have seen 3 hensi and 5 bugatti
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why just why I live there and I HATE abandoned sports cars
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WTF, I can only dream of having a car like this, and these people just leave them in the street like TRASH!
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send me 1.LOL
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can u buy them ???
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Can you just take the car wash it and put ur own license plate on it they would never know
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fuck it I'm going to dubai and going to buy collect and sell the fuck out of those cars....luxery life here I come
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was dubai built on borrowed money from Europeans and they pay the debt with oil.
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Can you just take the car?
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collect and sell them!
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yea seen a mustang Shelby at delta airport in Rochester
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wow. i wish we had that problem here. id start a business just to capitalize on this
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Foreigners mostly British invested in the property market?????? WHAT???? Everyone invested and the British were a part of that but were no way the biggest investors. Try Indian/Chinese/Russian. Dubai isn't the hub of the oil economy, it's GDP is fractionally dependent on oil. If you are going to make a video then at least do some homework as AD is the main producer of oil and the UAE isn't broke, only those who live beyond their means and leave without paying are......
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The abandoned Delorean made me sad
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I live in an area called mirdiff in Dubai, it's a residential area with plenty private and compound villas, once I spotted an old formula 1 car parked beside one villa, it was dusting away, but recently it disappeared. I Managed to take. Pic of the car, if anyone is curies to see it I would love to share it with you
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so in some cars the keys and paperwork is left inside?!
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