Asia Pacific, Luxury, News

Indian Businessman Buys Dubai License Plate for $9 Million

Indian Businessman Buys Dubai License Plate for $9 Million

Indian businessman Balwinder Sahani has paid 33 million dirhams ($9 million) for a Dubai license plate for one of his Rolls Royces. Plate ‘D5’ was sold at the government auction. Sahani, who owns a property management company, also purchased another plate for 1 million dirhams

“Indian businessman Balwinder Sahani has paid $9 million for a Dubai license plate for one of his Rolls Royces.”

~Bloomberg

Auctions of license plate numbers are highly coveted in the United Arab Emirates where a shorter number is a status symbol for the wealthy.  Eighty number plates went under the hammer at auction in Dubai. Bids for the ‘D5’ plate started at 20 million dirhams and the proceeds of the sale will go to Dubai’s Roads & Transport Authority.

Related Reports: Bloomberg

 


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