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RTA raises Dh24.8m in number plate auction.

Summary: 80 plates went under the hammer at RTA's 96th open auction

Staff Report

Dubai: Number plate R-111 was the biggest attraction at the Roads and Transport Authority's (RTA) 96th licensing open plates auction held on Saturday, bagging Dh2.65 million.

The popular auction that generated a revenue of Dh24.8 million had 80 unique number plates up for grabs.

Ahmad Behroozian, CEO of RTA's Licensing Agency, said that the Dh24.8 million revenue raised from the auction reflects the remarkable popularity of the event.

Other big catches at the auction were F-999 that went for Dh1.06 million, while M-7777 and N-1000 bagged Dh800,000 each.

"The 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," said Behroozian.

Last October, Indian businessman Balwinder Sahani created history when he bought the number plate D-5 for Dh33 million, which remains the most expensive number plate in Dubai.

However, in December another single digit number Q-2 was up for grabs, which surprisingly found no buyer.

The last in the series of single digit plates, the plate was offered at a base price of Dh33 million.

RTA's open number plates auctions draws huge crowds, mostly from enthusiastic young Emiratis as well as seasoned collectors, generating huge revenue for the authority.

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Publication:Gulf News (United Arab Emirates)
Date:Oct 1, 2017
Words:250
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