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Luxury car market booming in UAE

A few weeks ago, a UAE resident bought the world's most expensive car - a $2.4m Bugatti.

That sort of purchase may not be within reach of everyone but the Gulf's proving to be lucrative for high-end car retailers.

Luxury car sales in the oil-rich region are expected to rise by 20% this year, that is twice the rate of car sales in general.

The strong growth in most of the Gulf contrasts with other areas of the Arab world, where uprisings in Egypt, Tunisia, Libya, Syria, Bahrain and Yemen have seen car sales take a big hit.

So what's behind the Gulf's boom in luxury car sales?

Katy Watson reports.

  • 25 Jul 2011
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