The old saying “the rich get richer” has been proven true time and time again. Even during a pandemic, this remains true. However, at a time of eroding values, and diminishing confidence in fiat money and traditional assets such as stocks, the investment behavior of high net worth individuals is adapting to the new reality. For example, they often invest in alternative assets that have value and appreciate over time, such as art, rare wines, vintage luxury watches, and classic and luxury cars. As a result, luxury and classic car indices track the value of cars while the Nasdaq tracks tech stocks.
One place in the world stands out as the epitome of luxury – Dubai, one of the seven most prosperous of the United Arab Emirates. Expensive cars have long become a central feature of the demonstrable wealth of this unique Arab country whose prosperity is fueled by oil and tourism. The United Arab Emirates is one of the most visited tourist destinations in the world. The best place to buy exclusive wheels in Dubai is VIP Motors.
With only five years in the luxury car business, VIP Motors deserves its reputation as one of the best in-stock luxury car dealerships offering a wide range of exclusive offers from the Bugatti Chiron to the Lamborghini Aventador, Rolls Royce Wraith to the Austin Martin One-77. Interestingly, only seventy-seven of those made it to the road, yet VIP Motors has one. All in all, the dealership in Dubai boasts an invaluable collection of 150 luxury and limited-edition vehicles, each of which are hard-to-obtain marvels of automotive engineering. Moreover, any of the cars displayed in the showroom are ready for international delivery.
The luxury car segment is set to grow in 2021, continuing the upward trend last year. For example, Bentley sales have grown by another 30% compared to record high growth in 2020, while Lamborghini sales are packed until September 2021. All this testifies to the strength of the luxury car market and bodes well for VIP Motors’ business in the coming years.