Abandoned Supercars in Dubai

Regardless of supercars’ impressive and luxurious aspects, they represent a wider issue of neglect and abandonment that might be more about complex personal or financial situations. There are around 3,000 abandoned supercars in Dubai every year, such as BMW, Ferrari, Bugatti, Audi, and Koenigsegg, which are quite commonly in the streets, in the airports, and different parking areas of the UAE, especially in Dubai.

These expensive cars, left in dust and pollution in parking lots and impound yards, as a remind of the consequences of impulsive purchases and financial mismanagement in a luxury city like Dubai.

Why the Supercars are Abandoned in Dubai

There are several reasons why a car might be abandoned in the UAE. Sometimes, the owners fail to pay a car loan or can’t afford the payments on their luxury cars, leading them to abandon their supercars. Besides, the Dubai government impounds or sets a heavy fine for certain driving offenses, such as running a red, going 45 km/h over the speed limit, and driving on the hard shoulder.

At FindCarDubai, we review some common factors impacting the abandonment of Dubai supercars.

• Financial Difficulties

The financial crisis has become a struggle for people to keep up with the supercar cost, and they may no longer be able to afford the car’s maintenance or insurance. So, many exclusive supercars were abandoned by their owners due to their bankruptcy.

• Expatriate Departures

Abandoning a supercar may be easier for expats leaving the country than going through selling or shipping them.

• Unpaid Fines & Penalties

If you have gathered car fines and penalties overreaching a particular amount, your car must be impounded and ultimately classified as abandoned.

• Mechanical Problems

Having significant mechanical issues that are too expensive to repair may lead to abandoning the supercars.

• The Strict Law in Dubai

For some people, buying supercars requires taking loans from the bank, and when they cannot pay off the loans on their cars, they have to leave their cars and flee Dubai.

• Unable to Sell Car Due to Restrictions by Dubai Law

According to the laws of used car registration in Dubai, the owners have to pay off all the car debts before transferring the car to the new owner. So, indebted ex-owners find it better to abandon their expensive cars in the middle of nowhere.

We recommend you visit the article on Dubai’s Famous Cars, Iconic Models and Exotic Supercars.

What Happens to the Abandoned Cars in Dubai?

Any abandoned car in Dubai is impounded by the Dubai Municipality and that gives the owner 15 days to come back and claim their car. After this time, the car is auctioned, where licensed car dealers can come up at the auction and buy a Ferrari or BMW at the minimum possible rate.

How Abandoned Cars Are Sold?

Dubai Municipality has organized public auctions through which abandoned cars are typically sold. They are often invite-only and require potential buyers to register in advance. You may need to provide proof of funds and meet other eligibility requirements to participate.

The Process of Impounding Cars by the Authorities

Considering road safety and responsible driving, the UAE has extended traffic laws. FindCarDubai explores the key aspects of the Dubai and UAE Traffic Laws related to impounded cars.

Impounded cars are usually taken to the region’s police or traffic authority impound yard, and based on the type of violation, the impound period can last between 7 to 60 days, except 90 days for driving without number plates.

The laws in the UAE have been updated regularly in recent years, and you can see the Dubai government’s efforts to clamp down on dirty cars. Therefore, unwashed and abandoned cars will first receive a warning sticker to keep the city clean and well-maintained. If the owner fails to respond and clean the car, it will be impounded by the authorities. The car can be auctioned if the owner is still out of reach and does not pay the fine after 15 days.

In Abu Dhabi, dust-covered and left unattended cars will also get impounded. The traffic authority will also impound your car if the pending traffic fines reach AED 7000 or more. The new rule was implemented recently as Abu Dhabi faced countless unpaid fines.

Let’s review some reasons for impounding cars in Dubai.

• Participating in a road race without an initial permit from the police.
• Riding a recreational motorcycle on a paved road.
• Making comprehensive changes to the car that may raise its speed limit or cause loud noises while driving it.
• Recording traffic fines over AED 6,000 concerning the car.
• Driving the car carelessly or in a manner that endangers lives or property or compromises road traffic safety in Dubai.

Luxury car auction

As mentioned above, the auction of abandoned supercars is generally an invitation-only event where the auction of abandoned cars is announced, so potential buyers must register with the police and confirm their financial status for the deposit. The registration procedure is done before the interested buyers receive an auction invitation.

Abandoned cars in Dubai are auctioned to dealers who can offer an appropriate price. Dubai car auctions offer an exciting opportunity to buy cars at exceptional prices and prepare various cars, from luxury cars to everyday models. The UAE government directs auctions through RTA, Emirates Auction, and Emirates Transport at locations known to the general public. Besides, specific auction house agents are invited to participate in these car auctions, and they often take their clients along to help them make a purchase.

At Find Car Dubai, we comprehensively understand the diverse world of Dubai car auctions. There are different types of car auctions in Dubai, including Dubai used car auctions, Dubai police car auctions, and Dubai abandoned and salvaged car auctions. Let’s review Dubai’s abandoned auction.

Dubai Abandoned and Recovered Car Auction

These auctions are usually conducted by Dubai police, giving potential buyers confidence and reassurance. They are very popular among car enthusiasts and restorers and allow you to own a car at an affordable price. Due to the high cost of cars, abandoning is quite common in Dubai and Sharjah, so many of these types of abandoned cars exist.

How To Buy Abandoned Cars?

To buy an abandoned car from a car auction, you should pay attention to the following process generally:

• As a guest, you receive a document with all the details of the cars present at the event.
• You must register for the live auction by providing the Emirates ID along with a deposit fee at the counter.
• You are provided with a bidding number.
• A panel of 4 to 5 conduct the auction and sell the car to the highest offered price.
• Payment for the auctioned car must be made within 48 hours.
• It is important to note that these cars have no manufacturer or dealer warranty.

 Auction Rules and Regulations

Researching reliable auction companies and registering with your chosen one is very important. So, consider two initial steps whether you attend in person or bid online.

• Inspecting cars, you’re interested in.
• Setting a budget

Bidding is all part of the process. Remember, setting a budget puts you in control and ensures you’re prepared. Finally, if you win, you should pay for and take possession of the car.

Want to know about Buying a Car in Dubai? Click here.

Conditions of Participation in Auctions, Costs and Legal procedures

1. Registration Requirements

You should provide personal information, verify your identity, and agree to the auction’s terms and conditions.

2. Understanding the Auction Catalog

You should review the catalog for detailed information about each luxury car up for auction, including descriptions, photographs, and specifications of the cars, as well as their starting bid prices.

3. Not buying at the first auction

You should take time and analyze the procedure. It is crucial to pay attention to all the small details, such as the auctioneers, types of requests, and their interactions with prospective buyers.

4. Check the car’s condition carefully

You should inspect the car carefully before sealing the deal. Check everything, including the doors, the engine, tires, puddles under the car, and the smoothness of the paint, that can show whether a car has already been repainted.

5. Make a smart bargain

Making an intelligent bargain without bidding higher requires adopting a strategic approach. So, before starting, determine the exact value of the car you want. You should start bidding with a lower price and then keep going until you reach the set price.

6. Check documentations

Even if you are told everything is up to date, you should check the licensing and taxes to see if there are any fines or court cases until the date of the purchase.

7. Check the car identification number (VIN)

You should check the VIN is printed on the lower-left corner of the dashboard, doors, trunk lid stickers, and front of the engine.

Understanding Auction Fees

Understanding auction fees at Emirates Auction is essential for buyers and sellers of luxury cars. From buyer’s premiums to seller’s commissions and beyond, these fees can significantly impact the overall trade.

• Buyer’s Premium.

An additional percentage that is added to the final bid price, ranging from 10% to 20%.

• Seller’s Commission.

Covers the auction house’s expenses for marketing, listing, and facilitating the sale. For luxury cars, it is a percentage of the final sale price, from 5% to 10%.

• Registration Fee.

Vary based on the auction type. The bidder’s status ensures that only serious buyers participate, maintaining the auction’s integrity.

• Bid Increment.

It’s the lowest amount a new bid must exceed the current one. For luxury cars, bid increments are normally higher to reflect the car’s value.

• Reserve Price.

It’s the lowest amount the seller is willing to accept for their luxury car. The car will not be sold if bids do not reach this price.

• Listing Fees.

Cover the costs of photographing, cataloging, and marketing the car. They vary based on the vehicle’s value and the auction’s range.

• Withdrawal Fees.

It can be substantial, reflecting the time and effort involved in listing high-value cars if a seller decides to withdraw their luxury car from the auction after it has been listed.

• Internet Bidding Fees.

Cover the costs of maintaining the online platform. These fees might be higher for luxury car auctions due to the increased security measures required.

• Currency Conversion Fees.

Converting the local currency to the Auction’s currency causes international buyers participating in the Emirates Auction to face currency conversion fees.

• Storage Fees.

In case of buying a luxury car, you must collect it within a specified period. If there are delays, storage fees may apply based on the car’s size and value. For luxury cars, storage fees are often higher, reflecting the need for secure, climate-controlled storage facilities.

• Insurance Fees.

Cover the car against damage or loss, providing peace of mind for both buyers and sellers. The insurance cost is normally based on the car’s value and the required coverage duration.

• Payment Processing Fees.

It has various payment methods, including credit cards, bank transfers, and online payment systems. Each method may have processing fees, covering the costs of secure and efficient payment processing.

• Documentation Fees.

Transferring luxury car ownership requires precise documentation, including title transfer, registration, and legal paperwork.

Things To Remember for Buying Abandoned Cars

The abandoned cars in the UAE might seem strange, but it also presents a unique opportunity for car enthusiasts and bargain hunters. So, potentially purchasing a car at a significantly lower price, you should understand the process and take necessary precautions. Let’s review some tips to buy an abandoned car in Dubai.

• Research the car’s history and condition before placing a bid.
• Clarify outstanding fines and penalties associated with them with the authorities before purchasing.
• Be prepared to invest time and money in repairs. These cars often require significant work to become roadworthy again.

Cultural Significance: Reflections of Society

As society develops and priorities shift, some people may no longer place the same value on material wealth and status symbols. In some cases, changing cultural attitudes towards ownership and material possessions may contribute to the phenomenon of abandoned luxury cars. Abandonment of luxury cars is often complicated and influenced by various factors, such as financial circumstances, legal issues, and changing priorities.

As a reminder of the temporary nature of material possessions and the quick appeal of status symbols, it reflects wider social trends and attitudes towards wealth, consumerism, and materialism in Dubai and serves.

Some Abandoned Supercars in Dubai

1. Ferrari Enzo abandoned Dubai

One of the 399 cars produced in the world that was left at the Dubai airport. The million-dollar Ferrari has been abandoned for years, and no one knows what will happen. It remains unclaimed, 7Days UAE reported. Police impounded the car after it was abandoned by its British owner in a parking lot in 2011. Although law enforcement in Dubai usually sells such cars after a while in detention, this car is not for sale. Interpol believes that it was either stolen or purchased with stolen funds. There is also an active legal dispute over car ownership in Dubai’s court system.

2. Abandoned Lamborghini

Among the abandoned cars in Dubai, iconic brands like Ferrari, Lamborghini, and Porsche are frequently spotted, showcasing models such as the Ferrari 458 Italia, Lamborghini Aventador, and Porsche 911 Turbo. High-performance models from McLaren and Bugatti also make appearances, with the McLaren 720S and Bugatti Veyron. One Lamborghini Aventador is abandoned on the streets of Dubai due to the owner’s financial debt.

3. Bugatti Veyron

A car that was abandoned due to Dubai’s strict debt laws.

4. McLaren P1

One of the most special cars in the world was found in a parking lot in Dubai’

Conclusion

Abandoned luxury cars in Dubai are a complex issue that connects wealth, consumerism, and cultural values. As symbols of excess or reflections of social norms, you can see the darker side of Dubai’s luxurious atmosphere through these abandoned cars. As efforts continue to manage the problem, the heritage of abandoned luxury cars serves as a reminder of the temporary nature of material wealth and the enduring appeal of the automobile. Explore the Shozon platform in Dubai for the latest luxury car models and car prices in Dubai UAE.

If you want to attend a luxury car auction in Dubai, see complete information about the rules and procedures on the Shozon platform.

FAQs

1.Why are supercars abandoned by their owners in Dubai?

After facing bankruptcy, the owners often exit the country and leave the luxury cars behind.

2.How much time is given in Dubai to the owners to claim their cars back?

As per the law of Dubai, once the abandoned car is found and seized, they have only six months to claim their car back.

3.Where is the supercar graveyard?

It is in Dubai, randomly found in the airports and other parking lots abandoned by their owners.