Plate auction racks up Dhs67m
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.