Plate auc­tion racks up Dh­s67m

7 Days in Dubai - - NEWS - is­mail@7days.ae

The Roads and Trans­port Au­thor­ity (RTA) col­lected nearly Dhs67 mil­lion from the auc­tion­ing of rare and one-digit num­ber plates in what was the big­gest money event of its kind to date in Dubai. Some 92 unique num­bers were sold on Satur­day night, rang­ing from one to five dig­its. Four of the unique num­ber plates ac­counted for the lion’s share, with a to­tal of Dhs41.9 mil­lion with Dhs33 mil­lion from num­ber plate D 5 alone. The other num­ber plates that at­tracted big bid­ders were Q 77, which was bought by an Emi­rati bid­der for Dhs4.52 mil­lion, O 111, which was sold for Dhs2 mil­lion and S 786 at Dhs1.4 mil­lion.

More than 500 bid­ders par­tic­i­pated at the live auc­tion, which takes place ev­ery two months. It saw fierce bid­ding bat­tles be­tween some for the top plate num­bers. The Dhs33 mil­lion paid by real es­tate mogul Balvinder Sahni for D 5 was the sin­gle big­gest bid for a plate auc­tion in Dubai. Sahni said on Satur­day night: “I’ll put it on one of my Rolls-Royce, the black one.” But it did not come close to the Dhs52.2 mil­lion paid by Saeed Al Khouri for Abu Dhabi plate num­ber 1 in 2008. The next auc­tion will be held in De­cem­ber this year. All of the pro­ceeds go to­wards fu­ture RTA projects such as roads and bridges.

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