Number Plates Up For Auction In Dubai
Dubai: U66, Z777 and M2222 will be among 80 unique number plates up for grabs at the Roads and Transport Authority’s (RTA) 94th open auction on March 11.
Registration for the year’s first auction, which will be held at Emirates Towers’ Godolphin Ballroom, will open from March 4.
The last two auctions of last year generated huge interests with single digit plate D5 going for Dh33 million in October, while the plate number Q2 on offer in December went unsold despite massive expectations.
“The recent open auctions saw huge footfall from various community segments. This has promoted us to offer another chance for the public to engage in positive bidding for their fancied numbers in various codes,” Sultan Al Marzouqi, Director of Vehicle Licensing at RTA.
The numbers on offer range from two and three digits to four and five digits, including S90000 and U66.
During the auction, plate N572 will be on offer through a draw for the participants.
“Interested bidders can register in RTA’s Customers Happiness Centres at Umm Al Romool, Deira and Al Barsha. They can also register through RTA’s website (www.rta.ae), or Drivers and Vehicles app, and each participant is required to have a traffic file in Dubai,” said Al Marzouqi.
Registration for the auction will remain open until the day of the auction, and bidding will start at 4.30pm.
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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