A 2024 report by the classifieds platform dubizzle on the used electric car market in the UAE shows that demand for electric vehicles (EVs) was met by a simultaneous increase in inventory. With increasing environmental awareness, government initiatives and policies, and the availability of diverse EVs, more consumers have turned to used electric cars in 2024.
As a leading classifieds platform in the UAE, dubizzle has emerged as a trusted portal with more than 7,000 electric car listings. The platform's wide range of readily available services has also played an instrumental role in fostering consumer trust in the pre-owned car market.
The report, based on dubizzle's trend analysis, highlights the shift of consumers towards sustainable vehicles along with developments and progress in electric car adoption during the past few years.
Commenting on the growth of the market in 2024, Aatif Rana, general manager of dubizzle Cars, said: "At dubizzle Cars, we're all about putting our customers first. By harnessing innovation and deep market insights, we’ve established a platform that seamlessly adapts to the dynamic UAE automotive market. According to our 2024 market analysis, the pre-owned car segment continues to experience steady growth, with a notable surge in the electric vehicle sector.
"Demand for EVs on dubizzle increased by 53 per cent in 2024, accompanied by a 47 per cent rise in total EV listings, reflecting a significant shift in consumer preferences. This shift aligns with Dubai’s commitment to sustainability and its vision to reduce carbon emissions as part of the UAE Net Zero 2050 initiative. As the government enhances infrastructure and incentives for EV adoption, individuals are becoming increasingly aware of the benefits of eco-friendly transportation.
"We take pride in playing an active role in this transformation by offering solutions and leveraging our deep market knowledge and innovative services to expand our offerings. This includes a diverse range of electric vehicle brands, aiming not only to support the country’s sustainability goals but also to empower customers to make informed, environmentally conscious choices in their car-buying journey."
Highlights of dubizzle’s report include:
- Tesla has remained a market leader with its 36 per cent share while established brands like Volkswagen, BMW, Mercedes-Benz, Audi and Porsche have secured spots in the top 10 brands list.
- Tesla has continued its domination in the sedan and SUV categories. Tesla’s Model 3 and Model S have ranked in the top three popular sedans, and Model Y and Model X have been the top two most popular electric SUVs.
- Besides Tesla, Porsche Taycan, BMW i3, and BYD HAN have also remained popular among consumers.
- For SUV enthusiasts, other preferred options include Volkswagen iD4, BMW iX, and Honda ENS1.
Used Electric Car Market Trends in 2024
In recent years, the UAE has become a hotspot for the growth and facilitation of sustainable mobility trends. The government has announced policies and taken multiple initiatives dedicated to increasing electric car adoption across the country.
The establishment of new charging stations - around 1,000 in Dubai by 2025 and 70,000 in Abu Dhabi by 2030 - supports EV users across the country. Feasible financing and electrification of public and government transport are other initiatives of note.
In synergy with the government, technological advancements and the inclusion of innovative features in electric cars have also contributed to the growth of this sector. Where Tesla has embedded 4680 Battery Technology in its cars, BMW has offered fifth-generation eDrive innovation, showing the dedication of leading brands towards increasing efficiency. These adaptations in electric cars garnered significant attention from used car buyers, raising the EV demand in the pre-owned car market.
Popular brands
BYD has followed Tesla on the popularity index with its Song Plus, Seagull and HAN EVs.
After the top two spots, there is a marked dominance of German car manufacturers. Volkswagen with its iD series, BMW with the i Series and Mercedes-Benz with the EQ series have secured third, fourth and fifth spots, respectively.
Audi and Porsche have also been among the preferred brands for buying used electric cars.
In the used electric sedan segment, Tesla has taken the lead, followed by Porsche and BMW. Consumers in search of used electric sedans have also opted for BYD’s HAN and Mercedes’ EQS and EQE models.
In the used electric SUV category, Tesla, Volkswagen, BMW, Honda, Audi and BYD have commanded the top spots. New entrants including Avatr and Chery have also remained strong contenders.
With the latest models available on dubizzle, the most popular used luxury sedan, the Tesla Model 3 has been listed with an average sales price ranging from Dh120,600 to Dh195,000 for the 2020 to 2024 models. For the Porsche Taycan, the sales prices have been averaged between Dh389,900 and Dh466,900 for the 2021 to 2024 models. The third position has been held by another Tesla car, the Model S with an average sales price of Dh200,700 for the 2022 model and Dh350,000 for the 2023 model.
The most popular used electric SUV, Tesla Model Y has been listed with an average sales price of Dh140,000 to Dh207,400 for the 2020 to 2024 models. Meanwhile, the sales prices of the used Tesla Model X have averaged between Dh232,100 and Dh389,200 for the 2020 to 2024 models. Volkswagen iD.4 with third rank on the popular used electric SUVs has an average sales price of Dh100,600 and Dh112,800 for the 2021 and 2022 models, respectively.
Overall, dubizzle’s pre-owned electric car market analysis reveals tremendous growth, marked by shifting user preferences and market dynamics, favouring sustainable mobility trends. The development of top-notch charging infrastructure, increased vehicle options, various EV owner-exclusive benefits and incentivised ownership costs further underpins the rapidly expanding electric car market.
BMW M5 specs
Engine: 4.4-litre twin-turbo V-8 petrol enging with additional electric motor
Power: 727hp
Torque: 1,000Nm
Transmission: 8-speed auto
Fuel consumption: 10.6L/100km
On sale: Now
Price: From Dh650,000
RESULTS
Main card
Bantamweight 56.4kg: Mehdi Eljamari (MAR) beat Abrorbek Madiminbekov (UZB), Split points decision
Super heavyweight 94 kg: Adnan Mohammad (IRN) beat Mohammed Ajaraam (MAR), Split points decision
Lightweight 60kg: Zakaria Eljamari (UAE) beat Faridoon Alik Zai (AFG), RSC round 3
Light heavyweight 81.4kg: Taha Marrouni (MAR) beat Mahmood Amin (EGY), Unanimous points decision
Light welterweight 64.5kg: Siyovush Gulmamadov (TJK) beat Nouredine Samir (UAE), Unanimous points decision
Light heavyweight 81.4kg: Ilyass Habibali (UAE) beat Haroun Baka (ALG), KO second round
FFP EXPLAINED
What is Financial Fair Play?
Introduced in 2011 by Uefa, European football’s governing body, it demands that clubs live within their means. Chiefly, spend within their income and not make substantial losses.
What the rules dictate?
The second phase of its implementation limits losses to €30 million (Dh136m) over three seasons. Extra expenditure is permitted for investment in sustainable areas (youth academies, stadium development, etc). Money provided by owners is not viewed as income. Revenue from “related parties” to those owners is assessed by Uefa's “financial control body” to be sure it is a fair value, or in line with market prices.
What are the penalties?
There are a number of punishments, including fines, a loss of prize money or having to reduce squad size for European competition – as happened to PSG in 2014. There is even the threat of a competition ban, which could in theory lead to PSG’s suspension from the Uefa Champions League.
UAE currency: the story behind the money in your pockets
Mohammed bin Zayed Majlis
THE SPECS
Engine: 3-litre V6
Transmission: eight-speed automatic
Power: 424hp
Torque: 580 Nm
Price: From Dh399,000
On sale: Now
The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
Torque: 390Nm at 3,000rpm
Transmission: eight-speed auto
Price: from Dh122,745
On sale: now
The specs
Engine: 3.8-litre twin-turbo flat-six
Power: 650hp at 6,750rpm
Torque: 800Nm from 2,500-4,000rpm
Transmission: 8-speed dual-clutch auto
Fuel consumption: 11.12L/100km
Price: From Dh796,600
On sale: now
Voy!%20Voy!%20Voy!
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
World Cup warm-up fixtures
Friday, May 24:
- Pakistan v Afghanistan (Bristol)
- Sri Lanka v South Africa (Cardiff)
Saturday, May 25
- England v Australia (Southampton)
- India v New Zealand (The Oval, London)
Sunday, May 26
- South Africa v West Indies (Bristol)
- Pakistan v Bangladesh (Cardiff)
Monday, May 27
- Australia v Sri Lanka (Southampton)
- England v Afghanistan (The Oval, London)
Tuesday, May 28
- West Indies v New Zealand (Bristol)
- Bangladesh v India (Cardiff)
The%20specs
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What is graphene?
Graphene is extracted from graphite and is made up of pure carbon.
It is 200 times more resistant than steel and five times lighter than aluminum.
It conducts electricity better than any other material at room temperature.
It is thought that graphene could boost the useful life of batteries by 10 per cent.
Graphene can also detect cancer cells in the early stages of the disease.
The material was first discovered when Andre Geim and Konstantin Novoselov were 'playing' with graphite at the University of Manchester in 2004.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
BEACH SOCCER WORLD CUP
Group A
Paraguay
Japan
Switzerland
USA
Group B
Uruguay
Mexico
Italy
Tahiti
Group C
Belarus
UAE
Senegal
Russia
Group D
Brazil
Oman
Portugal
Nigeria
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%203S%20Money%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202018%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20London%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Ivan%20Zhiznevsky%2C%20Eugene%20Dugaev%20and%20Andrei%20Dikouchine%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%245.6%20million%20raised%20in%20total%3C%2Fp%3E%0A
Meydan racecard:
6.30pm: Al Maktoum Challenge Round 2 (PA) Group 1 | US$75,000 (Dirt) | 2,200 metres
7.05pm: UAE 1000 Guineas (TB) Listed | $250,000 (D) | 1,600m
7.40pm: Meydan Classic Trial (TB) Conditions | $100,000 (Turf) | 1,400m
8.15pm: Al Shindagha Sprint (TB) Group 3 | $200,000 (D) | 1,200m
8.50pm: Handicap (TB) | $175,000 (D) | 1,600m
9.25pm: Handicap (TB) | $175,000 (T) | 2,000m
10pm: Handicap (TB) | $135,000 (T) | 1,600m
FULL%20FIGHT%20CARD
%3Cp%3EFeatherweight%20Bout%3A%0D%20Abdullah%20Al%20Qahtani%20v%20Taha%20Bendaoud%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Ali%20Taleb%20v%20Nawras%20Abzakh%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Xavier%20Alaoui%20v%20Rachid%20El%20Hazoume%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Islam%20Reda%20v%20Adam%20Meskini%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Tariq%20Ismail%20v%20Jalal%20Al%20Daaja%0D%3Cbr%3EBantamweight%20Bout%3A%0D%20Elias%20Boudegzdame%20v%20Hassan%20Mandour%0D%3Cbr%3EAmateur%20Female%20Atomweight%20Bout%3A%0D%20Hattan%20Al%20Saif%20v%20Nada%20Faheem%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Maraoune%20Bellagouit%20v%20Motaz%20Askar%0D%3Cbr%3EFeatherweight%20Bout%3A%0D%20Ahmed%20Tarek%20v%20Abdelrahman%20Alhyasat%0D%3Cbr%3EShowcase%20Featherweight%20Bout%3A%0D%20Mido%20Mohamed%20v%20Yazeed%20Hasanain%0D%3Cbr%3EShowcase%20Flyweight%20Bout%3A%0D%20Malik%20Basahel%20v%20Harsh%20Pandya%0D%3C%2Fp%3E%0A
THE SPECS
Engine: 2.0-litre four-cylinder turbo
Transmission: eight-speed automatic
Power: 258hp at 5,000-6,500rpm
Torque: 400Nm from 1,550-4,400rpm
Fuel economy, combined: 6.4L/100km
Price, base: from D215,000 (Dh230,000 as tested)
On sale: now
Cryopreservation: A timeline
- Keyhole surgery under general anaesthetic
- Ovarian tissue surgically removed
- Tissue processed in a high-tech facility
- Tissue re-implanted at a time of the patient’s choosing
- Full hormone production regained within 4-6 months
When is VAR used?
• Goals
• Penalty decisions
• Direct red-card incidents
• Mistaken identity
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
The Vile
Starring: Bdoor Mohammad, Jasem Alkharraz, Iman Tarik, Sarah Taibah
Director: Majid Al Ansari
Rating: 4/5
Silent Hill f
Publisher: Konami
Platforms: PlayStation 5, Xbox Series X/S, PC
Rating: 4.5/5
More from Rashmee Roshan Lall
UAE currency: the story behind the money in your pockets
The Cockroach
(Vintage)
Ian McEwan
Will the pound fall to parity with the dollar?
The idea of pound parity now seems less far-fetched as the risk grows that Britain may split away from the European Union without a deal.
Rupert Harrison, a fund manager at BlackRock, sees the risk of it falling to trade level with the dollar on a no-deal Brexit. The view echoes Morgan Stanley’s recent forecast that the currency can plunge toward $1 (Dh3.67) on such an outcome. That isn’t the majority view yet – a Bloomberg survey this month estimated the pound will slide to $1.10 should the UK exit the bloc without an agreement.
New Prime Minister Boris Johnson has repeatedly said that Britain will leave the EU on the October 31 deadline with or without an agreement, fuelling concern the nation is headed for a disorderly departure and fanning pessimism toward the pound. Sterling has fallen more than 7 per cent in the past three months, the worst performance among major developed-market currencies.
“The pound is at a much lower level now but I still think a no-deal exit would lead to significant volatility and we could be testing parity on a really bad outcome,” said Mr Harrison, who manages more than $10 billion in assets at BlackRock. “We will see this game of chicken continue through August and that’s likely negative for sterling,” he said about the deadlocked Brexit talks.
The pound fell 0.8 per cent to $1.2033 on Friday, its weakest closing level since the 1980s, after a report on the second quarter showed the UK economy shrank for the first time in six years. The data means it is likely the Bank of England will cut interest rates, according to Mizuho Bank.
The BOE said in November that the currency could fall even below $1 in an analysis on possible worst-case Brexit scenarios. Options-based calculations showed around a 6.4 per cent chance of pound-dollar parity in the next one year, markedly higher than 0.2 per cent in early March when prospects of a no-deal outcome were seemingly off the table.
Bloomberg
