Ahmed Amwell | Zero to 100 Supercars: Building Dubai's Ultimate Luxury Car Business
Disruptors
Rob Moore
4.8 • 1.4K Ratings
🗓️ 10 February 2025
⏱️ 79 minutes
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| 0:00.0 | In the UK the supercar market has crashed. |
| 0:04.0 | Is it the same here in Dubai? |
| 0:06.0 | It depends. |
| 0:07.0 | See, Dubai is different than the UK. |
| 0:09.0 | The reason why I say that is because a lot of the people come to Dubai, they buy cars, they move to Dubai, then they relocate again back to the UK, back to Australia, back to the States. |
| 0:19.0 | Whereas in the UK, most of the people are buying cars there at residence. |
| 0:22.7 | Right. |
| 0:22.9 | So then the market can crash because there's not much demand as there is in Dubai. |
| 0:26.5 | So in Dubai, maybe 10,000 people are residents today. |
| 0:29.6 | They all need a car. |
| 0:30.6 | So the car market here is never going to crash. |
| 0:32.8 | It's probably the fastest car market in the Middle East in Dubai. |
| 0:36.5 | Wow. fastest car market in the Middle East in in Dubai. Wow and just the price of buying cars affect your |
| 0:42.1 | rental market because in the UK owning and renting isn't necessarily directly linked. It's different. |
| 0:50.3 | It depends. Say that question again, sorry. I didn't I didn't answer. I know, I know. That's what I was going to say, yeah, yeah. |
| 0:57.0 | Yeah, I'll ask it again. I didn't ask it very well. |
| 1:00.0 | I got confused. |
| 1:02.0 | If car prices are coming down, does that make your rental business better, worse? |
| 1:08.0 | Look, we intend... we buy anyway, we get cheap deals. |
| 1:11.6 | So we buy from Europe most of the time. |
| 1:13.6 | We do buy from the local market as well. |
| 1:15.6 | But yeah, if the price does drop on the vehicles, then the rentals have to drop. |
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