We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Sun 20 Nov 2016 10:35 AM

Font Size

- Aa +

Emirati businessman pays $8.45m for 'number 1' car plate in Abu Dhabi

Emirates Auction chairman Abdullah Al Mannai said the auction had raised $26.9m from sale of limited number plates

Emirati businessman pays $8.45m for 'number 1' car plate in Abu Dhabi
(Image: Instagram/emiratesauction)

The No 1 limited edition license plate in Abu Dhabi has bought for $8.45 million (AED31 million) at an auction on Saturday by an Emirati businessman.

In 2008, Emirati businessman Saeed Al Khoury paid AED52.2 million for a number 1 license plate in Abu Dhabi, which holds the record for the costliest number plate sold in the emirate.

Earlier in October 2016, Balwinder Sahani, a Dubai-based Indian businessman, paid $8.9 million (AED33 million) for number plate D5 at the Roads and Transport Authority's number plate auction.

“I’m so excited that I won plate number 1, it feels amazing and I was willing to pay any amount to get the plate number. I often come to auctions like that and fetch the most unique numbers at the highest bids,” Abdullah Al Mahri, 32, told Gulf News.

Emirates Auction chairman Abdullah Al Mannai said the auction had raised AED99 million ($26.9m) from sale of limited number plates, which had exceeded their expectations.

Plate No 7 was sold for AED13.4 million while No 50 was sold for AED6.8 million. Both the numbers were bought by Emirati businessmen.

The winning bidders will not be awarded the ownership certificate and declared the true owners of the plates until make the full payments this week, according to Emirates Auction.

 

Arabian Business: why we're going behind a paywall