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 close a series of letters or numbers are to a real name of word: if the match quality is high (and the numbers and letters are very convincing in making a popular word), the value of the registration plate will be higher. This means that a match like 5IMON, for the name Simon, will be worth a lot more than a more obscure set of letters and numbers that are not as convincing a match, such as S17 MMM for the name Sam.
The style of the plate: this means establishing if it is a new-style plate, an older-style format or if it is dateless or Irish, for instance. Other options are that it is a prefix-style plate or a suffix-style plate. New-style number plates, which have been produced since 2001, tend to be the least valuable because they are a bit less appealing to some collectors, plus the rule about not having plates that are newer than your car can also come into play, putting people off from buying a newer-style plate for their older car. Prefix-style number plates, which were in production between 1983 and 2001 can be more popular as more vehicles are entitled to have those licence numbers, and they may have fewer characters in total. Suffix-style plates, issued from 1963 to 1983 are relatively rare, which means they can attract higher prices than prefix-style plates and newer designs. Dateless number plates, also known as cherished number plates, were produced between 1903 and 1963 and are nearly always the most valuable number plate configurations; they have fewer digits and their dateless nature means that people can hide the age of their car. Irish number plates are similar to dateless number plates, especially because they don’t have a year identifier. They also tend to be cheaper than other types of vehicle registration plates.
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