Dubais car market is now on the right track, if judged by the results of the Dubai Auto Show that concluded here recently. A number of manufacturers chose to unveil their models at the show which was well attended, and got a lot of attention from both wealthy buyers and car enthusiasts.
This is seen in stark contrast to the time when expatriates leaving Dubai chose to abandon their cars at the citys airport with keys and apology notes in them. Dubai was affected by the beats by dre global recession which hit the Gulf region in late 2008, decimating the emirates real estate and construction sectors and sending thousands of expatriates and migrant workers back home at short notice. Some were even informed that they were being let go while on vacation back home. Many people have bad recollections about the experience and will probably not return to Dubai anytime soon.
But back at home, it is the lack of jobs and underpaid employment that forces them to take the risk. The government does not pay any attention to this problem, and as a abercrombie and fitch consequence people are forced to work for low wages in appalling conditions just to make ends meet. The effect of the recession in Europe, USA and other developed nations also means that there are less wages and employment to go around, as a result of which the expatriate is enticed to take up job offers millions of miles from home.
Dubai authorities had understandably played down abercrombie and fitch the problem of abandoned vehicles in the city. Nevertheless there were many abandoned vehicles found at the airport and in parking lots, covered in dust with messages such as Gone Away or Sorry written on the windscreen. These cars were either returned to the borrowing firms who had taken the loans, repossessed by the banks that had sanctioned the loans or if fully paid up, auctioned off by the Government in the second hand auto market.