Abondoned cars in dubai-

January 12, 2009 at 2:25 am (Abondoned cars, cars, Dubai, Dubai Airport, Dubai Airports, dubai crisis, Dubai police, dubai properties)

  • 65 cars were abandoned at Dubai airport and seized by the police 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.

More than 3,000 cars have been abandoned by owners to escape loan payments, just over double the figure in 2007, a senior police official has revealed.
Police recently removed 22 cars dumped at Dubai International Airport after owners fled the country leaving a trail of debt behind. Cars have also been abandoned at Abu Dhabi International Airport.
In Dubai last year 3,241 cars were claimed by the banks, he said. Of these 466 had been impounded by police. “The percentage of such incidences rose last year. In 2007, 1,450 cars were claimed by banks. In 2008, the number increased by 123 per cent,” said Col Saif Muhair Al Mazrouei, deputy director of traffic department at Dubai Police.
he said. “A lot of times people just leave. You get a credit card and loans and then you lose your job. What to do? Go home. It’s something that all banks are facing.
The seized cars will 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.

private source said, that around 460 cars were found parked with keys inside, in Dubai Airport parking lot, which assumes of people terminated who fled the country leaving these cars.

How many more it will be ?

via source and source2

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