Auctions have raised millions of dollars in the past
Dubai’s Roads and Transport Authority (RTA) is staging its latest online number plate auction later this month, offering 200 distinctive number plates to the emirate’s drivers.
The auction, the third so far this year, will include three, four and five digits and the following letters: A, B, H, I, J, K, L, M, N, O, P, Q, R, S and T, according to the WAM state news agency.
To take part, bidders can register from Sunday, July 21 and the bidding kicks off on Sunday, July 28 at 8am.
“Acquiring plates through RTA’s auctions avails clients the possibility of owning plates bearing symbolic reference to important events in their life… Such auctions are marked by wide participation and positive rivalry of passionate bidders,” the RTA said in a press statement.
Each bidder is required to have a traffic file opened in Dubai, submit a security cheque amounting to AED5,000 ($1,361) and pay an non-refundable subscription fee of AED120. Payment can be made at Customers Happiness Centres at Umm Ramool, Al Barsha or Deira, by credit card via (www.rta.ae) or through the Dubai Drive app.
Number plate auctions are big business in Dubai. An RTA auction in 2017 raised $7.56 million for 80 plates, with plate number R-13 generated the highest bid of $795,640.
An Indian expat businessman also paid $8.9 million for the D-5 number plate an RTA auction in 2016.For all the latest car news & reviews from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.