Buyer forks out Dh10m for 9 car plate


Haneen Dajani
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  • Arabic

Abu Dhabi // The car registration plate number 9 has been sold for Dh10million and become one of the most expensive number plates in the world. The total revenue for the "special-number" plate auction held by Abu Dhabi Police at the Emirates Palace hotel on Saturday reached more than Dh30m. The 81 plates auctioned also included the number 19, sold for Dh3.5m, number 77 bought for Dh3.3m, and the number 11111, which fetched Dh1.5m.

Brig Gen Salem al Shamsi, the director of privatisation and the resource management section, said there was an increase in the number of bidders this year. The money raised supports charity and social development projects. "The new auction season had a strong start, which shows that this season might include a lot of record-breaking plates," Ahmed Ahli, the successful bidder for the number 9 plate, said.

Organisers took extra efforts to make this season's auction unique, he added. The plates were presented in 3D with high-tech sound effects. "The new season shows a boom in licence plate auctions, which is a good economic sign," Salem Khalifa, another participant, said. hdajani@thenational.ae

The specs

Engine: 5.0-litre supercharged V8

Transmission: Eight-speed auto

Power: 575bhp

Torque: 700Nm

Price: Dh554,000

On sale: now

Company%20Profile
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The specS: 2018 Toyota Camry

Price: base / as tested: Dh91,000 / Dh114,000

Engine: 3.5-litre V6

Gearbox: Eight-speed automatic

Power: 298hp @ 6,600rpm

Torque: 356Nm @ 4,700rpm

Fuel economy, combined: 7.0L / 100km

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

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