Why are there so many luxurious cars in Dubai?

Dubai is a car-centric city and a perfect place for car enthusiasts. It's a world-known fact that Dubai has the most luxurious cars in the rest of the world. In the article, let's find out the reason behind this fact.

Reasons for having so many luxurious cars in Dubai

Dubai is known as a business hub

You might be surprised that every alternate family holds a business in Dubai, or the family is quite prosperous to own these Dubai luxury cars. And the lavish cars are considered to be a symbol of status.

People prefer used cars

Owning a brand new car is more expensive than going for a used one. In Dubai, the percentage of used cars with 1 or 2 years of ownership has increased in past decades due to the abandoned rate of cars. Also, one can own these used cars at a lower price.

Car loans are readily available

In Dubai, you can effortlessly apply for car loans if you have spending capacity. If you are looking for an answer to how people in Dubai can afford luxurious cars, the answer is straightforward! The process for applying for a car loan is simple and painless. And the interest rates are much lower than others.

Insurance rates are affordable

To maintain car expenses and cover damages, it is vital to have insurance. In the emirate, insurance rates are pretty low to afford it. And that's another reason to have tons of Dubai luxury cars.

The rate of abandonment of exotic cars is high

Do you know the owners leave more than 2000 luxurious cars on the Dubai airport or public parking lot every year? Once it is proved that the car is abandoned by the owner, police toes the car to the auction center and sell it at a lower price.

Bottom line

We hope you have got the answer to why so many luxurious cars are available in Dubai. You can even rent these exotic cars from sports car rental Dubai. So if you are in Dubai, make sure you hire one.