Saeed Al Khouri (center) holding plate no. 1 which was sold for Dh52.2 million, with Lt Col. Abdul Rahman Al Makali of Abu Dhabi Police (left) during the Number Plate Auction held at Emirates Palace, Abu Dhabi, Saturday, February 16,2008. ( Photo by Paulo Vecina )
Saeed al Khouri holds his newly purchased plate number one after an auction at the Emirates Palace in February. Online auctions are drawing some surprising bids as well.

Prestige, now a click away



ABU DHABI // The car number plate craze is taking off online, with bidders in the capital's second internet auction offering thousands of dirhams in a week-long bidding war for what at first glance appear to be some rather ordinary numbers. By yesterday morning, the number 702 had attracted 14 bids and an offer of Dh320,000 (US$87,160), while 694 received 12 bids and an offer of Dh280,000. With more than two days of bidding left to go, the number plates seem certain to earn even more money.

If that's too rich for you, a five-digit plate might be more to your taste: the number 12999 has so far fetched a mere Dh5,000 (US$1,362). All these, of course, pale in comparison with the record Dh52.2 million (US$14.2m) earned in February by the magic number one at an auction in the Emirates Palace hotel. Nevertheless, the bids for some of the more "ordinary" numbers are surprising even to the head of the company that runs the online auction.

"It's a surprise, but people have links with these numbers," said Abdullah al Mannaei, the managing director of Emirates Auction. But not a complete surprise: the choice of numbers, he said, was based on requests made on the website by potential bidders. "When we see a number requested by more than three people, we have a special strategy which guarantees when we add a number to the online auction we get the best result," he said.

Combinations of numbers that matched bidders' mobile telephone numbers were common, said Mr Mannaei. Others, like the request for plate number 1164 - Dh6,500 (US$1,770) so far - matched bidders' driving licences. Mr Mannaei said he believed part of the popularity of the online auction was the freedom it gave bidders to place bids over the week, rather than sit through hours of bidding at the Emirates Palace.

The bio

Favourite food: Japanese

Favourite car: Lamborghini

Favourite hobby: Football

Favourite quote: If your dreams don’t scare you, they are not big enough

Favourite country: UAE

CREW

Director: Rajesh A Krishnan

Starring: Tabu, Kareena Kapoor Khan, Kriti Sanon

Rating: 3.5/5

Traits of Chinese zodiac animals

Tiger:independent, successful, volatile
Rat:witty, creative, charming
Ox:diligent, perseverent, conservative
Rabbit:gracious, considerate, sensitive
Dragon:prosperous, brave, rash
Snake:calm, thoughtful, stubborn
Horse:faithful, energetic, carefree
Sheep:easy-going, peacemaker, curious
Monkey:family-orientated, clever, playful
Rooster:honest, confident, pompous
Dog:loyal, kind, perfectionist
Boar:loving, tolerant, indulgent  

Five famous companies founded by teens

There are numerous success stories of teen businesses that were created in college dorm rooms and other modest circumstances. Below are some of the most recognisable names in the industry:

  1. Facebook: Mark Zuckerberg and his friends started Facebook when he was a 19-year-old Harvard undergraduate. 
  2. Dell: When Michael Dell was an undergraduate student at Texas University in 1984, he started upgrading computers for profit. He starting working full-time on his business when he was 19. Eventually, his company became the Dell Computer Corporation and then Dell Inc. 
  3. Subway: Fred DeLuca opened the first Subway restaurant when he was 17. In 1965, Mr DeLuca needed extra money for college, so he decided to open his own business. Peter Buck, a family friend, lent him $1,000 and together, they opened Pete’s Super Submarines. A few years later, the company was rebranded and called Subway. 
  4. Mashable: In 2005, Pete Cashmore created Mashable in Scotland when he was a teenager. The site was then a technology blog. Over the next few decades, Mr Cashmore has turned Mashable into a global media company.
  5. Oculus VR: Palmer Luckey founded Oculus VR in June 2012, when he was 19. In August that year, Oculus launched its Kickstarter campaign and raised more than $1 million in three days. Facebook bought Oculus for $2 billion two years later.
The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

The five pillars of Islam

1. Fasting

2. Prayer

3. Hajj

4. Shahada

5. Zakat

Top 10 most competitive economies

1. Singapore
2. Switzerland
3. Denmark
4. Ireland
5. Hong Kong
6. Sweden
7. UAE
8. Taiwan
9. Netherlands
10. Norway

Scores

New Zealand 266 for 9 in 50 overs
Pakistan 219 all out in 47.2 overs 

New Zealand win by 47 runs

Company Profile

Name: Direct Debit System
Started: Sept 2017
Based: UAE with a subsidiary in the UK
Industry: FinTech
Funding: Undisclosed
Investors: Elaine Jones
Number of employees: 8

Five expert hiking tips
  • Always check the weather forecast before setting off
  • Make sure you have plenty of water
  • Set off early to avoid sudden weather changes in the afternoon
  • Wear appropriate clothing and footwear
  • Take your litter home with you
SPECS

Engine: 4-litre V8 twin-turbo
Power: 630hp
Torque: 850Nm
Transmission: 8-speed Tiptronic automatic
Price: From Dh599,000
On sale: Now


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