close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Car ban postponed

Car ban postponed

The UAE president postponed the ban on 20 year old cars…for now.

1

December 1, 2008 12:38 by



The president of the UAE, Sheikh Khalifa bin Zayed, has postponed the ban on 20 year old cars. Sheikh Saif bin Zayed, the interior minister, announced on November 30 that the ban, which was due to begin today, will be postponed indefinitely.

According to Sheikh Saif, the president’s ruling came “in the right time so that concerned authorities undertake more studies […] this would guarantee more effectiveness when the regulations are implemented.”

He also added that the president’s order is meant to give low-income car owners more time to find alternative forms of transportation. But with Dubai’s metro still under construction, and the cost of taxis remain high, it is unlikely many drivers will have many alternatives.

The president’s decision, however, couldn’t have come at a better time. With banks making personal and car loans harder to get, low-income owners of cars older than 20 years were having a rough time finding funds to buy new cars before the December 1 deadline. They can now relax a little and come up with a plan.

Earlier this year, the National Transport Authority announced that cars older than 20 years will no longer be allowed on the UAE’s roads as of December 1. The law also states that owners of cars older than 10 years – more than 420,000 cars – cannot transfer their car registrations to anyone else’s name; and cars older than 15 years – more than 320,000 cars – will not be allowed on the road as of January 2010.

However, the announcement yesterday did not mention if the latter two laws will also be postponed along the first. But UAE drivers are hopeful. Considering the tightening on liquidity in banks throughout the nation, it is unlikely many car owners are keen on spending their own savings on buying new cars. –DB



1

Tags: , , , ,

1 Comment

  1. andy on January 4, 2009 10:18 am

    I wonder how well thought out this is..

    1. what will all the old emirati nationals do with their landrovers and nissan patrols, pick-ups, surburbans, suzuki and daihatsu jeeps

    2. classic car owners. who will decide which cars are classics or how old a car has to be to be a classic if there is an exempt catagory
    will a 15 year old car have to sit unregistered for 5 or 10 years before it becomes a classic and possible to re-register??

    3. is this an initiative to push new car sales

    4. there is no reason an old car cannot be a safe and low immisions vehicle

    3.

     

Leave a Comment