Dubai is set to develop the world’s largest car market. Spanning an expanse of over 20 million square feet, the new mega ‘Dubai Car Market’ will feature new & used car dealerships, showrooms, automotive businesses, large event arenas, and more. This is a move that will revolutionise car buying and selling in the UAE and cement Dubai’s status as a global hub for car enthusiasts and automotive businesses alike.
Under the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President & Prime Minister of the UAE and Ruler of Dubai, the Dubai Municipality and multinational logistics company DP World signed a deal to build the world’s largest car market on 04 July 2024.
The Ruler of Dubai was quoted as saying, “We have mandated DP World to develop the Dubai Car Market, expanding the current market eightfold to create a 20 million square feet facility that will be the largest and most advanced car market globally. The Dubai Car Market will be connected with 77 ports managed by DP World around the globe, enhancing its capacity and doubling its current sales of AED6.8 billion ($1.85 billion).”
Dubai’s Automotive Landscape
Dubai is known across the world for a large number of luxurious cars and high-performance supercars. However, there’s more to Dubai’s automotive market than just these extravagant machines. From value-for-money Chinese cars to rugged SUVs and even entry-level cars, Dubai’s automotive industry has a diverse range of cars, unlike any other market in the world. The new Dubai car market will augment the automotive landscape of the Emirate.
At the moment, the Sharjah Car Market, known as Souq Al Haraj is the largest car market in the Middle East & North Africa (MENA) region. It hosts 415+ car showrooms, 25,000+ cars for sale, and several shops that deal in car accessories. In Dubai, the Ras Al Khor auto market and Ducamz free zone car market collectively host over 500 car showrooms and several ancillaries.
The World’s Largest Car Market In Dubai
The new car market in Dubai will not just be the largest in the world but also the most advanced. With a strategic location and state-of-the-art facilities, this market aims to attract a diverse array of stakeholders, from car manufacturers and dealers to service providers and auto enthusiasts.
The development is expected to include showrooms, auction houses, service centers, and spaces for innovation and technology. Key players in the automotive industry are expected to flock to this mega-market, drawn by the promise of unparalleled infrastructure and business opportunities. The project’s scale and ambition align with Dubai’s broader economic goals.
The project will create thousands of jobs and stimulate significant economic activity. The car market will also feature cutting-edge technological integrations. Plans include smart parking solutions, advanced logistics systems, and eco-friendly initiatives, such as electric vehicle (EV) infrastructure.
DP World is an Emirati multinational shipping and logistics company. It specializes in port terminal operations, maritime services, and free trade zones. The brand operates 78 marine and inland terminals. With Dubai being an export hub for cars, the new Dubai Car Market will benefit from DP World’s logistical expertise. Here’s how you can export a car from Dubai.
This landmark project will serve the local and regional automotive markets. In addition, it will also position Dubai as a pivotal player in the global automotive industry. With its unparalleled scale, advanced facilities, and strategic location, the new car market in Dubai is set to become a beacon for the future of automotive trade and technology.
FAQs
Is Dubai A Good Place To Buy A Car?
Dubai is a unique city with a diverse range of cars on sale. In addition, the salaries are on the higher side and tax-free too. Hence, most residents are able to afford a car that’s quite premium. A combination of these two factors makes Dubai a great place to buy a car.
Are Car Prices Cheaper In Dubai?
Yes, car prices are relatively cheaper in Dubai. The low tax rate, minimal rate of interest on car financing and cheap fuel prices are all factors that contribute to the overall cheaper car prices in Dubai.
Which Is The Largest Car Market In The UAE?
Souq Al Haraj, or the Sharjah Car Market is the largest of its kind in the MENA region. It hosts over 451 showrooms and several car accessory shops. But Dubai has now announced the development of the world’s largest car market in Dubai.
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