Dubai Reg Plates Auction Selling Prices
Reg Plates ArticleDubai Reg Plates Auction Selling Prices
Dubai’s Roads and Transport Authority (RTA) has raised Dhs27.75m by selling 80 car number plates at an auction on Saturday.
The RTA’s 95th licencing open plates auction saw four licence plates receiving the highest bid amounts, Dubai Media Office said in a statement.
Number plate R13 fetched the highest bid of Dhs2.92m, while number plate H33 was sold for Dhs2.82m. The third highest bid was received for licence number O69 at Dhs1.68m, while S66666 was sold for Dhs680,000.
The auction saw “fierce competition between bidders hailing from the all community segments”, a statement said.
Ahmed Bahrozyan, CEO of RTA’s Licensing Agency, said: “The Dhs27.751m revenue raised from the 95th Open Auction reflects the remarkable popularity of such commercial activity organised by RTA.
“The number auctions organised by the RTA are characterised by transparency and enthusiasm. They measure up to the aspirations of customers who seek exclusivity in this regard. Such auctions suffice the needs and aspirations of number plate enthusiasts,” he added.
The auction of exclusive number plates garners strong interest in the UAE.
In October last year, a Dubai-based Indian businessman bought the D5 number plate for Dhs33m in what was described as the biggest auction in the Roads and Transport Authority’s history.
Balwinder Sahani, owner of property management firm RSG International, beat competition from other VIPs to secure the plate after paying Dhs25m for the number O9 last year.
However, in November, an Emirati businessman who bought the car plate Number 1 for Dhs31m at an auction in Abu Dhabi was charged with fraud after his cheque bounced.
The Abu Dhabi Public Prosecution charged the man with fraud and sentenced him to seven days in custody.
How popular any name or initial it contains is: You are more likely to get good money for a registration plate that spells out a name like 5UE than you are with a more unusual name, simply because there is more demand for Sue (or Dave or Mel) than there would be for Hector, Primrose or Zebedee
How valuable the letters and numbers the plate contains are: in terms of numbers, lower numbers with fewer digits tend to be the most valuable when reselling personalised number plates, making BOB 1 more valuable than BOB 379. Sequential numbers (123, 456 etc.) and repeated numbers (444, 88) are more popular than random combinations, and special occasion numbers like 18 and 21 can also boost a number plate’s value a little. In terms of the letters in a number plate, the likelihood of a series of letters being a name or a person’s initials increases the value of the plate, too.
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