Dubai Number Reg Plate Auction Hits High Prices
Spending money for fantasy vehicle number plates is a good investment in Dubai, said an Emirati entrepreneur who spent over Dh3 million to purchase his favourite number at an auction on Saturday.
In its first open auction of the year, the Roads and Transport Authority (RTA) of Dubai placed 80 distinguished numbers for auction at the Godolphin Ballroom in the Emirates Towers Hotel. The numbers included numbers of two, three, four and five digits.
Waleed Abdul Khader spent Dh3.08 million to buy number 18 of O series on Saturday.
"I came here only for this number and I have got it for Dh3.08 million. It is a good investment that I am making and I advise others too to put their money in unique number plates," said the Emirati businessman.
"Investing in number plates is part of my business and I have full confidence in the potential value appreciation," he told Khaleej Times, in the middle of the auction, attended by a few hundred number plate enthusiasts.
"I have seen the value of number plates multiply several times over years. For instance, a number plate which was bought for Dh2 million about seven years ago is worth Dh30 million now.
The value of number plates has not come down and compared to investment in property or share market, this is an attractive option for me," said Abdullah Shahib, who was waiting to know the pulse of the auction before taking his turn. Some of the distinguished numbers were sold for over Dh1 million.
Retaining a Registration Number
This process involves getting a retention certificate for your registration number. It lasts for 10 years and costs £80. As with the vehicle to vehicle transfer process, the easiest way to do this is online. You will need the vehicle registration certificate for the vehicle you are transferring the registration number away from. Use this form to complete the details in the online process.
Once complete, you will get an email confirmation. This email will also give you the new registration number for the vehicle. Shortly after this you will receive (by post) a vehicle registration certificate for the vehicle with the new registration number. You will also get the retention certificate for your registration number.
Established For Over 25 Years
the Cherished Numbers Guild
- Free transfer service - your paperwork is handled by our trained team
- Over 25 years expertise - long established and trusted company
- DVLA Recognised Reseller - linked directly from the DVLA website
- DVLA Registered Number Plate Supplier - in line with all DVLA & MOT regulations