UAE Luxury Car Market Keeps Registering Solid Growth

UAE, one of the top global luxury car markets, continues to witness incredible sales growth for luxury cars. The country’s luxury car sales are led by many factors, including ultra-high-net-worth individuals, booming economic conditions, robust road infrastructure, easy car ownership regulations, and a strong focus on luxury and tourism.

Sheikh Juma Bin Maktoum recently inaugurated the Oscar Luxury Car Showroom, one of the newest state-of-the-art facilities for premium and super luxury car buyers at Umm Sheif, Sheikh Zayed Road, Dubai.

The owner of Oscar Luxury Auto, Sarabdeep Singh Bassi, in a statement to Gulf Today, said that the newly opened showroom will be the newest addition to Advantage Motors, which already has around three branches across the nation.

The new auto showroom is spread over 7,000 sq ft with an exclusive parking space in the basement, which collectively can accommodate 35-40 cars. Bassi also said that the company has plans to open more automotive businesses in the UAE. Bassi added that the company offers top luxury car models from brands like Rolls Royce, Ferrari, Lamborghini, Range Rover, Mercedes, and BMW, all with warranty cover and easy payment options.

Talking about the car sales, he mentioned that the customer response is very positive in the market, and their business has already sold out five luxury cars in just one week, with the price tag of AED 500,000 to AED 7,00,000.

Additionally, he stated that the company also promotes electric cars, owing to their environment-friendliness, while the demand for super luxury cars is high, and they have a unique collection of rare cars in the market.

Advantage Motors has customers from all over the UAE and other countries, like Russia, the Middle East, China, and Africa, providing zero km and brand-new car models to these loyal luxury car buyers.

According to recent reports, the luxury car market by revenue in the United Arab Emirates (UAE) is anticipated to grow between 2023 and 2027 by 8.5%, with total vehicle sales of 0.3 thousand.