An employee checks the fan on a mining machine at a cryptocurrency farming facility in Quebec, Canada. Investors in digital currencies should be prepared for a wild ride. Christinne Muschi/Bloomberg
An employee checks the fan on a mining machine at a cryptocurrency farming facility in Quebec, Canada. Investors in digital currencies should be prepared for a wild ride. Christinne Muschi/Bloomberg
An employee checks the fan on a mining machine at a cryptocurrency farming facility in Quebec, Canada. Investors in digital currencies should be prepared for a wild ride. Christinne Muschi/Bloomberg
An employee checks the fan on a mining machine at a cryptocurrency farming facility in Quebec, Canada. Investors in digital currencies should be prepared for a wild ride. Christinne Muschi/Bloomberg

Be warned: cryptocurrency investing will undoubtedly be hair-raising


  • English
  • Arabic

You can say what you like about bitcoin and other cryptocurrencies but they are certainly never boring.

Last year they caught the imagination of the world by turning early investors into dollar millionaires or even billionaires, as the likes of bitcoin, Ethereum, Litecoin and Ripple rocketed.

Bitcoin opened 2017 trading at around $1,000 and peaked at just below $20,000 in mid-December, a rise of 1,900 per cent. Litecoin jumped a staggering 8,000 per cent, turning an investment of $10,000 into $800,000.

After the gain, the pain. So far 2018 has been a nightmare for investors in so-called “alt-coins”, especially those who arrived late at the party who may now be nursing hefty losses. At time of writing, bitcoin has slumped below $7,500, losing almost two thirds of its value.

By the time you read this, the price could be plunging below $5,000 or flying above $10,000 because cryptos are notoriously volatile, rising or falling by as much as 40 per cent in a single trading day.

Absolutely anything could happen. Last month, Saxo Bank analyst Kay Van-Petersen, who correctly predicted last year’s bitcoin rally, claimed it could rebound to between $50,000 and $100,000 this year, warming the hearts of worried investors.

Then in February Nobel prize-winning economist Nouriel Roubini labelled bitcoin the “mother of all bubbles” and predicted its value would collapse to zero. Mr Roubini was even more scathing of the estimated 1,300 initial coin offerings that have followed in its wake, calling them “a bubble to the power of two or three”.

If you want an authoritative view on the outlook for cryptocurrencies and whether you should invest in them, forget it, there is no such authority. Investors are in completely uncharted waters. How and where it ends is anybody’s guess.

Some might find that exciting, others will rightly find it terrifying. Only thrill seekers should get involved, and they should still strap on a safety harness.

So is the recent bloodbath the beginning of the end of the crypto currency frenzy, or just a temporary setback?

There will be blood

Bitcoin remains the world’s largest digital token with a total market capitalisation today of $132 billion, but that is far below its all-time high of around $326bn, which it hit on 16 December. What's that strange sound you hear? That’s crypto investors kicking themselves for failing to sell at the top of the market.

It is a similar story with all of the altcoins, none of which are immune to meltdown, which have bobbing down with the tide of news flow and investor sentiment.

A quick glance at the price chart for Ripple, which briefly looked set to usurp bitcoin as the dominant cryptocurrency, shows what a roller coaster investors have been on in recent weeks.

On December 11, it was trading at $0.25 before spiking to $3.65 on 4 January in a speculative frenzy. That would have turned $10,000 into $146,000 but only if you sold at the peak, and few ever manage that. If you hung on, you would have around $30,000 at today’s $0.75.

Vijay Valecha, chief market analyst at Century Financial Brokers in Dubai, says the correction has been driven by a regulatory blitz from fearful authorities all over the world. "Governments and regulators are unnerved by this decentralisation, and are taking precautions.”

Bitcoin has always had a dark side, first springing to public attention after drug dealers and weapons dealers exploited its faceless nature to fund transactions on the so-called dark Web.

In January, South Korea banned anonymous trading to counter money-laundering and calm the speculative mania that had gripped the country, which saw schoolchildren trading on their phones. Regulators even talked of shutting down domestic virtual currency exchanges.

China, another key market, also moved to assert control and curb capital outflows, by banning initial coin offerings, blocking domestic exchanges, and outlining proposals to discourage energy-intensive bitcoin mining.

India’s minister of finance Arun Jaitley joined the assault by saying his country does not recognise bitcoin as legal tender and calling it a Ponzi scheme.

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Read more:

Bitcoin continues to plummet along with other cryptocurrencies

Major British bank joins credit card ban on buying Bitcoin

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Social network Facebook has now blocked initial coin offering adverts which it said are “frequently associated with misleading or deceptive promotional practices”, major credit card issuers are declining credit card transactions with known crypto exchanges in a bid to stop customers investing on credit. JP Morgan, Bank of America and Citigroup in the US, and Lloyds Banking Group in the UK, are all tightening rules.

This is starting to look like a concerted clampdown, as the authorities fight back against the freewheeling ethos of the crypto renegades.

Mr Valecha believes that rather than trying to destroy the sector, regulators want to bring it under their control. “The question now is how well they can bring a speculative asset class into the mainstream,” he says.

Cryptocurrencies also face technical problems, notably bitcoin, which is actually a rather unsuccessful currency, as transactions are slow and expensive, and its rampant volatility means neither buyer nor seller has any idea what it will be worth once the transaction completes.

Some say its future could be as a store of value, such as gold, but even here volatility is a problem, Mr Valecha says. “Gold has an average daily volatility of 1.06 per cent, bitcoin has a daily volatility of 6.07 per cent.”

He predicts more swings but remains optimistic that current teething troubles will pass. “In the long term, cryptocurrencies still hold up to the bullish view point.”

Another concern is that bitcoin is not particularly secure, as people risk losing their money if they lose their digital passwords or their online wallet is targeted by hackers. An estimated than three million bitcoins have been lost, maybe forever, a large chunk of the total 16.85 million currently in circulation.

Hackers stole more than $500 million in cryptocurrencies from the Japanese exchange Coincheck last month, although the site has said it will reimburse victims.

Holding on

Cryptocurrency enthusiasts have been knocked down by this year’s perfect storm, but they are not yet out.

Long-time altcoin enthusiast David Mondrus, chief executive of the blockchain-based research platform Trive, has dismissed current problems as early-year market blues. "In 12 months we won’t even remember it,” he says.

_______________

Read more:

UAE issues warning against initial coin offerings as cryptocurrencies plunge

Bitcoin slides as Facebook ad ban, India clampdown unnerve investors

_______________

Bitcoin has endured plenty of similar falls in the past, many of them coming in a January. One theory blames the timing of the Chinese lunar new year, as locals cash in their coins to fund travel and gifts in advance of February 16. So, cross your fingers, the second half of February may be brighter.

Fawad Razaqzada, a market analyst at Forex.com, says as sentiment sours many people are having second thoughts about investing their hard-earned cash in digital currencies, but that could change. “Would-be buyers are probably waiting on the sidelines until the downtrend is over, while existing buyers may be selling up to protect their remaining profit.”

Sentiment could reverse once there is clear evidence that prices have bottomed out, he adds. “A lot of people still want to get on board when the time is right. Things are not looking great for bitcoin right now, but that could change due to pent-up demand.”

Today might even be the buying opportunities crypto enthusiasts have been waiting for. Brave investors who were kicking themselves for failing to buy bitcoin last time it traded below $8,000, in November last year, have been granted another chance.

However, they would be taking a huge gamble - and with real money. Bitcoin could fall another 60 per cent, or 100 per cent.

Tuan Phan, a board member of Common Sense Personal Finance and Investing, a non-profit community of UAE investment enthusiasts, says an old investment rule continues to apply to this new asset class: “Don’t invest in anything you do not fully understand. Unless you have a clear understanding of blockchain technology, the concept behind bitcoin and a clear strategy how to enter and exit this volatile market, your get-rich-quick dream may turn into a nightmare.”

Since few people do understand the blockchain concept, this rules out most ordinary investors.

Mr Phan says existing bitcoin holders face tricky choices but need to develop a clear strategy. “They should consider using a stop-loss to protect themselves from another huge market drop.”

New investors should decide on a clear price floor, at which point they can start buying again, and a ceiling at which to lock in any profits. “This way they may potentially be able to take advantage of bitcoin’s extreme volatility,” says Mr Phan.

Another old investment mantra applies: do not put all your eggs in one basket. “Investors should consider diversifying into other coin offerings as well as traditional assets such as stocks, bonds and cash,” he says.

Finally, only invest money you can afford to lose, because you could lose the lot.

Like many experts, Mr Phan says it is important to draw a distinction between cryptocurrencies and the underlying blockchain technology. “This may be the beginning of the end for bitcoin but only the beginning of blockchain technology, which looks set to transform financial transactions.”

Bitcoin shares many similarities to the dot.com boom and bust either side of the millennium, he adds. “From the ashes rose companies such as Google, Apple and Amazon that have changed the world.”

That will be little consolation if you have lost all of your money along the way.

Lee Wild, head of equity strategy at website Interactive Invester, says investors are now nervously second-guessing what the authorities will do next. “The regulatory clampdown risks bringing the crypto party to a bloody end, but there’s no guarantee the South Korean and Chinese governments will follow through on threats to ban the practice.”

Jordan Hiscott, chief trader at Ayondo Markets, says the blockchain's underlying value has been distorted by speculative frenzy. “If bitcoin is to achieve longevity, the crypto community needs to decide whether it is a hyper-turbo speculation tool or a genuine form of digitally secure monetary transactions. In my view, it can’t be both.”

Mr Hiscott does favour one crypto in particular, Ripple’s XRP, which is designed to help banks and money-transfer services send funds across borders quickly and at low cost. “Ripple has the potential to take cryptocurrencies to the next level. It is being used by a growing number of major financial institutions, so has some credibility," he says.

"In addition, there is a genuinely structured company behind it, while its cryptography puts it above the rest.”

Ripple may transform global payments, but that does not mean it will necessarily make you spectacularly rich. The glory days may now be over for good. Although people have said that before.

UAE currency: the story behind the money in your pockets
Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
  • 400m Olympic running track
  • NBA-spec basketball court with auditorium
  • 600-seat auditorium
  • Spaces for historical and cultural exploration
  • An elevated football field that doubles as a helipad
  • Specialist robotics and science laboratories
  • AR and VR-enabled learning centres
  • Disruption Lab and Research Centre for developing entrepreneurial skills
WOMAN AND CHILD

Director: Saeed Roustaee

Starring: Parinaz Izadyar, Payman Maadi

Rating: 4/5

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 UAE squad for the Asian Indoor and Martial Arts Games

The jiu-jitsu men’s team: Faisal Al Ketbi, Zayed Al Kaabi, Yahia Al Hammadi, Taleb Al Kirbi, Obaid Al Nuaimi, Omar Al Fadhli, Zayed Al Mansoori, Saeed Al Mazroui, Ibrahim Al Hosani, Mohammed Al Qubaisi, Salem Al Suwaidi, Khalfan Belhol, Saood Al Hammadi.

Women’s team: Mouza Al Shamsi, Wadeema Al Yafei, Reem Al Hashmi, Mahra Al Hanaei, Bashayer Al Matrooshi, Hessa Thani, Salwa Al Ali.

The White Lotus: Season three

Creator: Mike White

Starring: Walton Goggins, Jason Isaacs, Natasha Rothwell

Rating: 4.5/5

ELIO

Starring: Yonas Kibreab, Zoe Saldana, Brad Garrett

Directors: Madeline Sharafian, Domee Shi, Adrian Molina

Rating: 4/5

Bareilly Ki Barfi
Directed by: Ashwiny Iyer Tiwari
Starring: Kriti Sanon, Ayushmann Khurrana, Rajkummar Rao
Three and a half stars

The BIO

Favourite piece of music: Verdi’s Requiem. It’s awe-inspiring.

Biggest inspiration: My father, as I grew up in a house where music was constantly played on a wind-up gramophone. I had amazing music teachers in primary and secondary school who inspired me to take my music further. They encouraged me to take up music as a profession and I follow in their footsteps, encouraging others to do the same.

Favourite book: Ian McEwan’s Atonement – the ending alone knocked me for six.

Favourite holiday destination: Italy - music and opera is so much part of the life there. I love it.

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions

UAE currency: the story behind the money in your pockets
Turning%20waste%20into%20fuel
%3Cp%3EAverage%20amount%20of%20biofuel%20produced%20at%20DIC%20factory%20every%20month%3A%20%3Cstrong%3EApproximately%20106%2C000%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EAmount%20of%20biofuel%20produced%20from%201%20litre%20of%20used%20cooking%20oil%3A%20%3Cstrong%3E920ml%20(92%25)%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3ETime%20required%20for%20one%20full%20cycle%20of%20production%20from%20used%20cooking%20oil%20to%20biofuel%3A%20%3Cstrong%3EOne%20day%3C%2Fstrong%3E%3C%2Fp%3E%0A%3Cp%3EEnergy%20requirements%20for%20one%20cycle%20of%20production%20from%201%2C000%20litres%20of%20used%20cooking%20oil%3A%3Cbr%3E%3Cstrong%3E%E2%96%AA%20Electricity%20-%201.1904%20units%3Cbr%3E%E2%96%AA%20Water-%2031%20litres%3Cbr%3E%E2%96%AA%20Diesel%20%E2%80%93%2026.275%20litres%3C%2Fstrong%3E%3C%2Fp%3E%0A
Lowest Test scores

26 - New Zealand v England at Auckland, March 1955

30 - South Africa v England at Port Elizabeth, Feb 1896

30 - South Africa v England at Birmingham, June 1924

35 - South Africa v England at Cape Town, April 1899

36 - South Africa v Australia at Melbourne, Feb. 1932

36 - Australia v England at Birmingham, May 1902

36 - India v Australia at Adelaide, Dec. 2020

38 - Ireland v England at Lord's, July 2019

42 - New Zealand v Australia in Wellington, March 1946

42 - Australia v England in Sydney, Feb. 1888

The specs
 
Engine: 3.0-litre six-cylinder turbo
Power: 398hp from 5,250rpm
Torque: 580Nm at 1,900-4,800rpm
Transmission: Eight-speed auto
Fuel economy, combined: 6.5L/100km
On sale: December
Price: From Dh330,000 (estimate)
Abu Dhabi race card

5pm: Maiden (PA) | Dh80,000 | 1,600m
5.30pm: Maiden (PA) | ​​​​​​​Dh80,000 | 1,400m
6pm: Liwa Oasis (PA) Group 2 |​​​​​​​ Dh300,000 | 1,400m
6.30pm: Arabian Triple Crown Round-2 (PA) Group 3 | Dh300,000 | 2,200m
7pm: Wathba Stallions Cup (PA) Handicap | Dh70,000 | 1,600m
7.30pm: Maiden (TB) |​​​​​​​ Dh80,000 | 2,200m

Concrete and Gold
Foo Fighters
RCA records

Farasan Boat: 128km Away from Anchorage

Director: Mowaffaq Alobaid 

Stars: Abdulaziz Almadhi, Mohammed Al Akkasi, Ali Al Suhaibani

Rating: 4/5

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

Part three: an affection for classic cars lives on

Read part two: how climate change drove the race for an alternative 

Read part one: how cars came to the UAE

About Krews

Founder: Ahmed Al Qubaisi

Based: Abu Dhabi

Founded: January 2019

Number of employees: 10

Sector: Technology/Social media 

Funding to date: Estimated $300,000 from Hub71 in-kind support

 

Dengue%20fever%20symptoms
%3Cul%3E%0A%3Cli%3EHigh%20fever%3C%2Fli%3E%0A%3Cli%3EIntense%20pain%20behind%20your%20eyes%3C%2Fli%3E%0A%3Cli%3ESevere%20headache%3C%2Fli%3E%0A%3Cli%3EMuscle%20and%20joint%20pains%3C%2Fli%3E%0A%3Cli%3ENausea%3C%2Fli%3E%0A%3Cli%3EVomiting%3C%2Fli%3E%0A%3Cli%3ESwollen%20glands%3C%2Fli%3E%0A%3Cli%3ERash%3C%2Fli%3E%0A%3C%2Ful%3E%0A%3Cp%3EIf%20symptoms%20occur%2C%20they%20usually%20last%20for%20two-seven%20days%3C%2Fp%3E%0A
UAE Falcons

Carly Lewis (captain), Emily Fensome, Kelly Loy, Isabel Affley, Jessica Cronin, Jemma Eley, Jenna Guy, Kate Lewis, Megan Polley, Charlie Preston, Becki Quigley and Sophie Siffre. Deb Jones and Lucia Sdao – coach and assistant coach.

 
How to avoid crypto fraud
  • Use unique usernames and passwords while enabling multi-factor authentication.
  • Use an offline private key, a physical device that requires manual activation, whenever you access your wallet.
  • Avoid suspicious social media ads promoting fraudulent schemes.
  • Only invest in crypto projects that you fully understand.
  • Critically assess whether a project’s promises or returns seem too good to be true.
  • Only use reputable platforms that have a track record of strong regulatory compliance.
  • Store funds in hardware wallets as opposed to online exchanges.
The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

The specs
Engine: 3.0-litre twin-turbo flat-six

Power: 480hp at 6,500rpm

Torque: 570Nm from 2,300-5,000rpm

Transmission: 8-speed dual-clutch auto

Fuel consumption: 10.4L/100km

Price: from Dh547,600

On sale: now 

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Revibe%20%0D%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202022%0D%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Hamza%20Iraqui%20and%20Abdessamad%20Ben%20Zakour%20%0D%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20UAE%20%0D%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20Refurbished%20electronics%20%0D%3Cbr%3E%3Cstrong%3EFunds%20raised%20so%20far%3A%3C%2Fstrong%3E%20%2410m%20%0D%3Cbr%3E%3Cstrong%3EInvestors%3A%20%3C%2Fstrong%3EFlat6Labs%2C%20Resonance%20and%20various%20others%0D%3C%2Fp%3E%0A
What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

No Shame

Lily Allen

(Parlophone)

Mission%3A%20Impossible%20-%20Dead%20Reckoning%20Part%20One
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Christopher%20McQuarrie%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tom%20Cruise%2C%20Hayley%20Atwell%2C%20Pom%20Klementieff%2C%20Simon%20Pegg%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
The specs: 2017 Maserati Quattroporte

Price, base / as tested Dh389,000 / Dh559,000

Engine 3.0L twin-turbo V8

Transmission Eight-speed automatic

Power 530hp @ 6,800rpm

Torque 650Nm @ 2,000 rpm

Fuel economy, combined 10.7L / 100km

FROM%20THE%20ASHES
%3Cp%3EDirector%3A%20Khalid%20Fahad%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Shaima%20Al%20Tayeb%2C%20Wafa%20Muhamad%2C%20Hamss%20Bandar%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
What are the influencer academy modules?
  1. Mastery of audio-visual content creation. 
  2. Cinematography, shots and movement.
  3. All aspects of post-production.
  4. Emerging technologies and VFX with AI and CGI.
  5. Understanding of marketing objectives and audience engagement.
  6. Tourism industry knowledge.
  7. Professional ethics.
The%20specs%3A%202024%20Mercedes%20E200
%3Cp%3E%3Cstrong%3EEngine%3A%20%3C%2Fstrong%3E2.0-litre%20four-cyl%20turbo%20%2B%20mild%20hybrid%0D%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E204hp%20at%205%2C800rpm%20%2B23hp%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E320Nm%20at%201%2C800rpm%20%2B205Nm%20hybrid%20boost%0D%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E9-speed%20auto%0D%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E7.3L%2F100km%0D%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3ENovember%2FDecember%0D%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EFrom%20Dh205%2C000%20(estimate)%3C%2Fp%3E%0A
Results

Stage Two:

1. Mark Cavendish (GBR) QuickStep-AlphaVinyl 04:20:45

2. Jasper Philipsen (BEL) Alpecin-Fenix

3. Pascal Ackermann (GER) UAE Team Emirates

4. Olav Kooij (NED) Jumbo-Visma

5. Arnaud Demare (FRA) Groupama-FDJ

General Classification:

1. Jasper Philipsen (BEL) Alpecin-Fenix 09:03:03

2. Dmitry Strakhov (RUS) Gazprom-Rusvelo 00:00:04

3. Mark Cavendish (GBR) QuickStep-AlphaVinyl 00:00:06

4. Sam Bennett (IRL) Bora-Hansgrohe 00:00:10

5. Pascal Ackermann (GER) UAE Team Emirates 00:00:12

Five%20calorie-packed%20Ramadan%20drinks
%3Cp%3E%3Cstrong%3ERooh%20Afza%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20contains%20414%20calories%0D%3Cbr%3E%3Cstrong%3ETang%20orange%20drink%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%20300%20calories%0D%3Cbr%3E%3Cstrong%3ECarob%20beverage%20mix%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%20about%20300%20calories%0D%3Cbr%3E%3Cstrong%3EQamar%20Al%20Din%20apricot%20drink%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20saving%20contains%2061%20calories%0D%3Cbr%3E%3Cstrong%3EVimto%20fruit%20squash%3C%2Fstrong%3E%0D%3Cbr%3E100ml%20serving%20contains%2030%20calories%3C%2Fp%3E%0A
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