Written in Partnership with Thomas Herd
The adage “the rich get richer” has been proven right time and again. Even during the pandemic, this remains true. However, at the time of eroding values, diminishing trust in fiat money and traditional assets like stocks, high net worth individuals’ investment behavior is adapting to the new reality. For instance, they quite often invest in alternative assets that hold value and appreciate with time, such as art, rare wine, luxury vintage timepieces, and classic and luxury cars. As a result, luxury and classic car indexes track cars’ value as NASDAQ tracks tech stocks.
One place in the world stands out as the epitome of luxury—Dubai, one of the most prosperous of the seven United Arab Emirates. Expensive automobiles have long become a crucial attribute of demonstrable wealth in this unique Arab nation whose prosperity is fuelled by oil and tourism. UAE is one of the world’s most visited tourist destinations. The best place to buy exclusive wheels in Dubai is VIP Motors.
With only five years in the luxury cars business, VIP Motors deserves its reputation as one of the best-stocked luxury vehicles dealerships offering a broad range of exclusives from Bugatti Chiron to Lamborghini Aventador, Rolls Royce Wraith to Austin Martin One-77. Interestingly, only seventy-seven of those have hit the road, yet VIP Motors has one. All in all, the Dubai dealership boasts a priceless collection of 150 luxury and limited editions automobiles, each of which is a hard-to-get marvel of automotive engineering. Moreover, any of the cars presented in the showroom is ready for international delivery.
The luxury cars sector is set to grow in 2021, continuing last year’s upward trend. For example, Bentley sales grew by another 30% compared with the record-high growth in 2020, whereas Lamborghini is overbooked through September 2021. All this attests to the luxury market’s strength and bodes well for VIP Motors business in the years to come.
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