DUBAI // Collectors are expected to pay more than Dh250,000 for some licence plates this Saturday.
The licensing agency at the Roads and Transport Authority (RTA), is set for its 82nd Open Number Plates Auction, with about 100 to go under the hammer.
Mohammed Nimaat, director of vehicle licensing, said the RTA organised open and online auctions each year.
“The coming open auction comprises a plethora of numbers that will be appealing to the public, particularly as the mix includes two-digit plates as well as three, four, and five-digit plates bearing codes H, I, J, K, L, M, N and O.”
The plates expected to fetch Dh250,000 are I 98, L 51, and N 34. The auction will be the first time code O plates have been offered.
“The auction promises to be highly appealing to the public as it offers a comprehensive platform for distinguished plates and acquiring them in a highly competitive, transparent, clear and secured environment,” said Mr Nimaat.
“Registration can be made either through visiting RTA’s customer-service centres in Dubai or online.
“The registration process requires depositing a security cheque of Dh25,000, which can be withdrawn afterwards in case no successful bid is made.”
Registration for the auction, which will be held from 8am to 4pm at RTA’s head office, began on Sunday and will be open until Saturday.
malkhan@thenational.ae
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Sector: transport and logistics
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Investors include: Singapore’s Battery Road Digital Holdings, Egypt’s Algebra Ventures, Uber co-founder and former CTO Oscar Salazar
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Also on December 7 to 9, the third edition of the Gulf Car Festival (www.gulfcarfestival.com) will take over Dubai Festival City Mall, a new venue for the event. Last year's festival brought together about 900 cars worth more than Dh300 million from across the Emirates and wider Gulf region – and that first figure is set to swell by several hundred this time around, with between 1,000 and 1,200 cars expected. The first day is themed around American muscle; the second centres on supercars, exotics, European cars and classics; and the final day will major in JDM (Japanese domestic market) cars, tuned vehicles and trucks. Individuals and car clubs can register their vehicles, although the festival isn’t all static displays, with stunt drifting, a rev battle, car pulls and a burnout competition.