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Top Five Luxury Used Cars in Dubai
The Covid-19 pandemic has brought about significant shifts in Dubai's luxury used car market. Experts attribute this transformation to several key factors.
Firstly, the increased availability of used luxury cars can be attributed to the mass exodus of residents from the city during the initial months of the pandemic. Many individuals returned to their home countries, resulting in a surplus of high-end vehicles in the local market.
Secondly, a global shortage of microchips disrupted the production of new carmodels, leading consumers to explore the used car segment as a viable option.
Here are the top five luxury used cars in Dubai that have garnered significant attention:
1. Range Rover Evoque
The Range Rover Evoque stands out as the most sought-after luxury used car in Dubai. Its enduring popularity is attributed to its contemporary style and modern appeal, which continues to resonate with buyers of older models. Additionally, the Evoque boasts surprisingly low maintenance costs.
Average price: Dh99,000
2. Porsche Cayenne
The Porsche Cayenne's reputation precedes it, making it a favorite among Dubai's luxury car enthusiasts. Its distinctive V8 engine produces an unmistakable growl that resonates with automotive aficionados. With its sleek interior and impressive practicality, the Cayenne is a strong contender in the luxury used car market.
Average price: Dh119,000
3. Jeep Wrangler
The Jeep Wrangler is another standout choice among Dubai's luxury used cars. This off-roading legend finds favor with buyers seeking thrilling dune bashing experiences. Its unrivaled off-road capabilities set it apart as a clear winner in this category.
Average price: Dh79,000
4. Audi Q5
Dubbed a top choice for families, the Audi Q5 has earned a reputation for its commitment to high safety standards. Its spacious interior and robust safety features make it an excellent choice for those looking for an all-around family car.
Average price: Dh74,000
5. Audi A3
The Audi A3 is a versatile favorite, appealing to a wide spectrum of buyers. Whether you're a first-time car owner, a family, or a luxury enthusiast, the A3 caters to your needs. Its compact size, smooth driving experience, and wellrounded performance make it an attractive option.
Average price: Dh49,000
In conclusion, Dubai's luxury used car market has experienced a notable surge in demand, driven by factors such as increased stock availability and the global chip shortage affecting new car production. These five luxury models have emerged as the front runners in this evolving landscape, each offering unique features and value to prospective buyers. If you are considering buying a new & used car in Dubai, Service My Car is your one-stop shop that caters to all your needs through buy second hand car service.
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This year financial market may seems unfruitful but its going to be a boom toward the year end.
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Can I borrow your crystal ball? I'd like to know how my football team is going to do this year.
Posted in Financial Investment
Re: Which is better - buying for dividend payout or buying for gain
I second all the great comments made by malcontent. Slow and steady wins the race.
For those folks who think they have the knowledge and skills to buy individual stocks, or to jump into some kind of market timing scheme, or some kind of "technicals" program, you have to remember this: There are tons of people out there with far more information than you have, and far more experience than you have. And even the market professionals who buy and sell for managed funds cannot beat market averages and more often, do worse than average.
There is a great (and funny) article about managed funds and their inability to beat the market over the long haul. https://www.chicagobooth.edu/review/why-active-managers-have-trouble-keeping-up-with-the-pack A cat batting a toy mouse onto a number grid beat three money managers in market return.
Second, any single stock is inherently risky when compared to holding a basket of stocks in a similar line of business. Let's say you have an .....
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Re: Which is better - buying for dividend payout or buying for gain
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The 30% tax on US source dividends applies to most but not all overseas jurisdictions. For example, Ireland has a tax treaty with the U.S. which lowers it to 15%. This is one reason why London traded ETFs are so popular with non-US persons, because most ETFs holding U.S. stocks that are traded in London are domiciled in Ireland, allowing you to retain maximum dividends.
This is what I meant when I said London traded ETFs are tax optimized for non-US persons.
In addition, holding US stocks or funds directly by non-US persons could subject your investments to as much as 40% estate tax on your beneficiaries if anything should happen to you. This can be a very unpleasant surprise and happened to someone I knew at work, the surviving spouse ended up paying a six figure tax bill. This can easily be avoided by investing on the LSE instead of NYSE, or at least limiting .....
Posted in Financial Investment
Re: Which is better - buying for dividend payout or buying for gain
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Recommended reading:
Extraordinary Popular Delusions and the Madness of Crowds is an early study of crowd psychology by Scottish journalist Charles Mackay, first published in 1841 under the title Memoirs of Extraordinary Popular Delusions.
The key lesson: these always end the same way.
: )
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Got it, thanks!
Posted in Financial Investment
Re: Which is better - buying for dividend payout or buying for gain
❰❰ Quote:
The 30% tax on US source dividends applies to most but not all overseas jurisdictions. For example, Ireland has a tax treaty with the U.S. which lowers it to 15%. This is one reason why London traded ETFs are so popular with non-US persons, because most ETFs holding U.S. stocks that are traded in London are domiciled in Ireland, allowing you to retain maximum dividends.
This is what I meant when I said London traded ETFs are tax optimized for non-US persons.
In addition, holding US stocks or funds directly by non-US persons could subject your investments to as much as 40% estate tax on your beneficiaries if anything should happen to you. This can be a very unpleasant surprise and happened to someone I knew at work, the surviving spouse ended up paying a six figure tax bill. This can easily be avoided by investing on the LSE instead of NYSE, or at least limiting your US exposure to $60,000.
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Oh now I get the .....
Posted in Financial Investment
