• Dubai number plate 7 sold for 55 million dirhams. All photos: Pawan Singh / The National
    Dubai number plate 7 sold for 55 million dirhams. All photos: Pawan Singh / The National
  • The charity auction was held in aid of the One Billion Meals Endowment campaign
    The charity auction was held in aid of the One Billion Meals Endowment campaign
  • The winner of the Dubai 7 number plate at the charity auction
    The winner of the Dubai 7 number plate at the charity auction
  • The event was held at the Four Seasons Resort Dubai
    The event was held at the Four Seasons Resort Dubai
  • Exclusive mobile numbers also went under the hammer
    Exclusive mobile numbers also went under the hammer
  • The bidding was tense
    The bidding was tense
  • Special Dubai number plates were sold
    Special Dubai number plates were sold
  • Exclusive mobile numbers were also auctioned
    Exclusive mobile numbers were also auctioned
  • Dubai number plate Q 22222 sold for 975,000 dirhams
    Dubai number plate Q 22222 sold for 975,000 dirhams
  • An exclusive mobile number sold for 140,000 dirhams
    An exclusive mobile number sold for 140,000 dirhams
  • The charity event attracted many bidders
    The charity event attracted many bidders
  • Another mobile number sold for 125,000 dirhams
    Another mobile number sold for 125,000 dirhams
  • An exclusive mobile number sold for 2.3 million dirhams
    An exclusive mobile number sold for 2.3 million dirhams

Dubai vehicle plate '7' sold for Dh55 million


Ali Al Shouk
  • English
  • Arabic

A bidder paid Dh55 million for Dubai's number 7 number plate, in an auction that raised nearly Dh100 million ($27 million) for a Ramadan food appeal.

Sold plates included H31, W78, N41, AA19, AA22, X36, Z37, AA80 and more.

In total, Dh97,920,000 was raised from the sale of car plates and exclusive mobile phone numbers at the Four Seasons hotel in Jumeirah.

The event was organised by Emirates Auction, Dubai’s Roads and Transport Authority, Etisalat and Du.

'P 7' topped the list after a bidding war between several people who wanted to break the existing record set in 2008, when a businessman paid Dh52.2 million for Abu Dhabi's number 1 plate.

The second highest number was AA22, which sold for Dh8.4m ($2.3m), followed by AA19 for Dh4.9 million ($1.34m).

Ten mobile phone numbers from Du and 11 phone numbers from Etisalat were also on offer.

Etisalat numbers went for more than Dh3.3m, with the number 971548888888 on top of the list, selling for Dh2.3m.

The 10 special mobile numbers from Du went for Dh3m.

All proceeds from the most noble numbers auction will go to the One Billion Meals campaign, which was launched to boost efforts to combat global hunger.

The One Billion Meals Endowment was launched by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in line with the generous spirit of Ramadan.

It is the latest in a series of food drives held during Ramadan in recent years, but is taking a new approach to helping those in need.

Instead of donations being spent directly on food parcels, they will go into endowment funds from which financial returns will be spent on feeding the needy.

Last year, Dh111 million ($30.2 million) was raised at an Abu Dhabi auction in April 2022, held in support of the One Billion Meals campaign. Abu Dhabi's exclusive 2 car number plate sold for Dh23.3 million at the fund-raiser.

The One Billion Meals campaign, launched by Sheikh Mohammed bin Rashid to combat global hunger, received a major boost as a charity auction of rare licence plates and exclusive mobile phone numbers raised nearly Dh98 million ($26.6 million) in Dubai. Photo: UAE One Billion Meals Campaign / UAE Government Media Office
The One Billion Meals campaign, launched by Sheikh Mohammed bin Rashid to combat global hunger, received a major boost as a charity auction of rare licence plates and exclusive mobile phone numbers raised nearly Dh98 million ($26.6 million) in Dubai. Photo: UAE One Billion Meals Campaign / UAE Government Media Office
RedCrow Intelligence Company Profile

Started: 2016

Founders: Hussein Nasser Eddin, Laila Akel, Tayeb Akel 

Based: Ramallah, Palestine

Sector: Technology, Security

# of staff: 13

Investment: $745,000

Investors: Palestine’s Ibtikar Fund, Abu Dhabi’s Gothams and angel investors

Company Fact Box

Company name/date started: Abwaab Technologies / September 2019

Founders: Hamdi Tabbaa, co-founder and CEO. Hussein Alsarabi, co-founder and CTO

Based: Amman, Jordan

Sector: Education Technology

Size (employees/revenue): Total team size: 65. Full-time employees: 25. Revenue undisclosed

Stage: early-stage startup 

Investors: Adam Tech Ventures, Endure Capital, Equitrust, the World Bank-backed Innovative Startups SMEs Fund, a London investment fund, a number of former and current executives from Uber and Netflix, among others.

Visa changes give families fresh hope

Foreign workers can sponsor family members based solely on their income

Male residents employed in the UAE can sponsor immediate family members, such as wife and children, subject to conditions that include a minimum salary of Dh 4,000 or Dh 3,000 plus accommodation.

Attested original marriage certificate, birth certificate of the child, ejari or rental contract, labour contract, salary certificate must be submitted to the government authorised typing centre to complete the sponsorship process

In Abu Dhabi, a woman can sponsor her husband and children if she holds a residence permit stating she is an engineer, teacher, doctor, nurse or any profession related to the medical sector and her monthly salary is at least Dh 10,000 or Dh 8,000 plus accommodation.

In Dubai, if a woman is not employed in the above categories she can get approval to sponsor her family if her monthly salary is more than Dh 10,000 and with a special permission from the Department of Naturalization and Residency Dubai.

To sponsor parents, a worker should earn Dh20,000 or Dh19,000 a month, plus a two-bedroom accommodation

 

 

 

The specs

Price, base: Dh228,000 / Dh232,000 (est)
Engine: 5.7-litre Hemi V8
Transmission: Eight-speed automatic
Power: 395hp @ 5,600rpm
Torque: 552Nm
Fuel economy, combined: 12.5L / 100km

'Cheb%20Khaled'
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Hotel Silence
Auður Ava Ólafsdóttir
Pushkin Press

The Penguin

Starring: Colin Farrell, Cristin Milioti, Rhenzy Feliz

Creator: Lauren LeFranc

Rating: 4/5

Key changes

Commission caps

For life insurance products with a savings component, Peter Hodgins of Clyde & Co said different caps apply to the saving and protection elements:

• For the saving component, a cap of 4.5 per cent of the annualised premium per year (which may not exceed 90 per cent of the annualised premium over the policy term). 

• On the protection component, there is a cap  of 10 per cent of the annualised premium per year (which may not exceed 160 per cent of the annualised premium over the policy term).

• Indemnity commission, the amount of commission that can be advanced to a product salesperson, can be 50 per cent of the annualised premium for the first year or 50 per cent of the total commissions on the policy calculated. 

• The remaining commission after deduction of the indemnity commission is paid equally over the premium payment term.

• For pure protection products, which only offer a life insurance component, the maximum commission will be 10 per cent of the annualised premium multiplied by the length of the policy in years.

Disclosure

Customers must now be provided with a full illustration of the product they are buying to ensure they understand the potential returns on savings products as well as the effects of any charges. There is also a “free-look” period of 30 days, where insurers must provide a full refund if the buyer wishes to cancel the policy.

“The illustration should provide for at least two scenarios to illustrate the performance of the product,” said Mr Hodgins. “All illustrations are required to be signed by the customer.”

Another illustration must outline surrender charges to ensure they understand the costs of exiting a fixed-term product early.

Illustrations must also be kept updatedand insurers must provide information on the top five investment funds available annually, including at least five years' performance data.

“This may be segregated based on the risk appetite of the customer (in which case, the top five funds for each segment must be provided),” said Mr Hodgins.

Product providers must also disclose the ratio of protection benefit to savings benefits. If a protection benefit ratio is less than 10 per cent "the product must carry a warning stating that it has limited or no protection benefit" Mr Hodgins added.

Company%20profile
%3Cp%3E%3Cstrong%3EName%3A%20%3C%2Fstrong%3EMaly%20Tech%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202023%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Mo%20Ibrahim%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%20International%20Financial%20Centre%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunds%20raised%3A%3C%2Fstrong%3E%20%241.6%20million%3Cbr%3E%3Cstrong%3ECurrent%20number%20of%20staff%3A%3C%2Fstrong%3E%2015%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%20%3C%2Fstrong%3EPre-seed%2C%20planning%20first%20seed%20round%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20GCC-based%20angel%20investors%3C%2Fp%3E%0A
The biog

Favourite book: You Are the Placebo – Making your mind matter, by Dr Joe Dispenza

Hobby: Running and watching Welsh rugby

Travel destination: Cyprus in the summer

Life goals: To be an aspirational and passionate University educator, enjoy life, be healthy and be the best dad possible.

If you go

The flights

Fly direct to London from the UAE with Etihad, Emirates, British Airways or Virgin Atlantic from about Dh2,500 return including taxes. 

The hotel

Rooms at the convenient and art-conscious Andaz London Liverpool Street cost from £167 (Dh800) per night including taxes.

The tour

The Shoreditch Street Art Tour costs from £15 (Dh73) per person for approximately three hours. 

Tewellah by Nawal Zoghbi is out now.

WITHIN%20SAND
%3Cp%3EDirector%3A%20Moe%20Alatawi%3C%2Fp%3E%0A%3Cp%3EStarring%3A%20Ra%E2%80%99ed%20Alshammari%2C%20Adwa%20Fahd%2C%20Muhand%20Alsaleh%3C%2Fp%3E%0A%3Cp%3ERating%3A%203%2F5%3C%2Fp%3E%0A
if you go

The flights

Air France offer flights from Dubai and Abu Dhabi to Cayenne, connecting in Paris from Dh7,300.

The tour

Cox & Kings (coxandkings.com) has a 14-night Hidden Guianas tour of Guyana, Suriname and French Guiana. It includes accommodation, domestic flights, transfers, a local tour manager and guided sightseeing. Contact for price.

Updated: April 10, 2023, 1:00 PM