For many expat workers in Dubai it was the ultimate symbol of their tax-free wealth...... a luxurious car that few could have afforded on the money they earned at home.Now, faced with crippling debts as a result of their high living and Dubai’s fading fortunes, many expatriates are abandoning their cars at the airport and fleeing home rather than risk jail for defaulting on loans. Police have found more than 3,000 cars outside Dubai’s international airport in recent months. Most of the cars – four-wheel drives, saloons and “a few” Mercedes, had keys left in the ignition.
Gee, that's strange. Who could've possibly seen that one coming? Does this mean we aren't going to get that refrigerated beach we were promised? Park and Fly just took on a whole new meaning.
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STORY IN THE TIMES
Are you under debt and want to debt-free? It’s really possible. You not only will be debt-free, but can also avoid getting into debt again. The secret to stay out of debt is to live below your means. It might sound a bit weird, but if you analyze, you will see that it actually works. For instance, if you are in debt and still living within your means, it will no way help you to keep you out of your debt. It’s like walking on a treadmill, you work hard but you fail to go anywhere.
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