![]() There is no bankruptcy protection in the UAE. voomed If you fall behind on your car payments, bounce a check, stop paying your credit card, or default on your mortgage, you go to prison. Under Sharia law, not paying your debts is a criminal offense. The UAE, like many Arab countries in the Middle East, observes Sharia law. Being in extreme debt can lead to someone being thrown in jail. voomed Dubai prison sentences are extremely harsh. Once wealthy people were unable to pay their bills, and in Dubai that is a very bad thing. However, when the market crashed in 2009, it changed the entire economic landscape throughout the world. voomed Fast cars, big houses, and even bigger bank accounts were all part of living in this wondrous paradise. voomed Up to a point this lifestyle worked out, people were making good money and could afford the lifestyle that is Dubai. voomed It was a paradise that was also a booming center for business and luxury living. In the early 2000’s, business men and women started flocking to Dubai for the rich and lavish lifestyle. Once wealthy people were forced into bankruptcy, and in Dubai that is a very bad thing. Fast cars, big houses, and even bigger bank accounts were all part of living in this wondrous paradise. Up to a point this lifestyle worked out, people were making good money and could afford the lifestyle that is Dubai. It was a paradise that was also a booming center for business and luxury living. In the early 2000’s, business men and women started flocking to Dubai. Check out these abandoned cars in Dubai and take a look at the lavish lifestyle that was stripped away from so many. What if you had no choice? Well that is the exact position many people found themselves in when they moved to Dubai. ![]() ![]() Your first reaction is probably to be like, “Well I would never do that”. ![]() Imagine leaving something you paid more for than some houses cost, just sitting at an airport. ![]()
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