The supply chain issues are also making delivery times longer. If you’re ordering a bespoke Rolls-Royce or custom Ferrari, you might be looking at 18-24 month waits. Some buyers might be getting frustrated and delaying purchases indefinitely.
Another thought – maybe Dubai’s market became oversaturated with luxury vehicles over the past decade. I’ve read reports suggesting the roads are filled with high-end cars. Perhaps this is just market saturation playing out naturally.