(A combo of images created on October 12, 2008, shows an Emirati investor reacting to the movement of share prices on the Dubai Financial Market in Dubai on October 12, 2008. Stock markets in the energy-rich Gulf states opened the week’s trading Sunday sharply down with the Dubai Financial Market shedding six percent. Getty Images)
The above images sort of sum up a recent story from Daijiworld.com news. It says here:
Local police have found at least 3,000 automobiles — sedans, SUVs, regulars — abandoned outside Dubai International Airport in the last four months. Police say most of the vehicles had keys in the ignition, a clear sign they were left behind by owners in a hurry to take flight.
The global economic crisis has brought Dubai’s economic progress, mirrored by its soaring towers and luxurious resorts, to a stuttering halt. Several people have been laid off in the past months after the realty boom started unraveling.
On the night of December 31, 2008 alone more than 80 vehicles were found at the airport. “Sixty cars were seized on the first day of this year,” director general of Airport Security, Mohammed Bin Thani, told DNA over the phone. On the same day, deputy director of traffic, colonel Saif Mohair Al Mazroui, said they seized 22 cars abandoned at a prohibited area in the airport.
Faced with a cash crunch and a bleak future ahead, there were no goodbyes for the migrants — overwhelmingly South Asians, mostly Indians – just a quiet abandoning of the family car at the airport and other places.
While 2,500 vehicles have been found dumped in the past four months outside Terminal III, which caters to all global airlines, Terminal II, which is only used by Emirates Airlines, had 160 cars during the same period.
So, if you are in the gold plated private jet industry, you’d better start lookin’. With oil prices tanking, so to speak, it may be a while before Dubai get’s back to owning you. NOW GET BACK OUT THERE AND FILL UP YER HUMMERS!
4. March 2009 at 1:33 pm
Also, I gather, they have debtors’ prisons in Dubai. Another reason for quietly sneaking off in the night.
4. March 2009 at 5:09 pm
I think the price will be going back up when the weather gets warmer.
4. March 2009 at 10:46 pm
Gas fell $0.04 here (Nashville), overnight.
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5. March 2009 at 2:20 am
Man that guy in the pictures sure was having a bad day. It wont be long before the price of gas sneaks back up to $3.00 a gallon.
23. March 2009 at 8:24 am
I am sure the price will go down in near furture.Lets wait and see what happends.