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This Resident Just Found His AED 15K License Plate To Be Worth AED 89K After 10 Years
Imagine buying something for AED15K dirhams a decade ago… and finding out today it’s worth almost AED90K. Mohammed Azhar Sajan of Danube group just invested in a mini fortune back then when he decided to get the number plate “2786”
A four digit plate that’s valued at AED89,580 today! Move over gold and crypto, Dubai’s got license plates going around like a fortune
From 15K to 89K – that’s almost six times the original price. And best part, the graph will never really drop down on this one.
It’s all in the number
In Dubai, it’s not always the car that gets the nod, it’s the plate.
You could be rolling up in a humble Nissan Sunny, but if your number plate reads something like “10” or “1,” you’ve got the road respect. Meanwhile you could have the flashiest supercar on the block – a Bugatti, a Rolls, the works – but without a killer plate, you’re just another car on Sheikh Zayed Road.
The city has a love for unique plates, and clearly the prices reflect that. Some of the rarest numbers sell for millions, and it’s not unusual for collectors to go all-in just for bragging rights.
Only in Dubai can a simple license plate on a car fetch more than a luxury penthouse
When you spot a rare plate in Dubai, it’s impossible not to notice it. Here, the digits are the ‘FIT’ more than your car itself.
@rsm.13 In Dubai the story is different #DubaiRealEstate #RealEstate #DubaiMarket #RealEstateStory
Some of the city’s priciest plates – P7, AA9, DD5 were sold up to AED55 Million.
But they’re not just “all flash”. The proceeds from these auctions often support some of Dubai’s biggest philanthropic and charitable activities.
From HH Sheikh Mohammed bin Rashid Al Maktoum’s One Billion Meals Endowment to the Fathers’ Endowment campaign – the license plates are a story of support and giving back to the people.
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