Video: Prized number plate, V 12, auctioned for Dhs7m in Dubai

Dubai’s Roads and Transport Authority (RTA) confirmed that at the 104th Open Auction for Distinctive Number Plates held on Saturday, August 22, it generated a total revenues of Dhs36.224m.

This figure marks an 83 per cent increase over the previous auction held in December 2019 which raked in Dhs19m.

The auction on Saturday was held at the InterContinental Dubai Festival City Hotel and was the first open auction of number plates conducted this year by the RTA in Dubai.

The 104th Open Auction for Distinctive Number Plates organised by RTA on 22 August generated AED36.224 millions.https://t.co/6pqh6VIL3f pic.twitter.com/T4wp6N8nuR

— RTA (@rta_dubai) August 23, 2020

The RTA offered 90 number plates up for auction, comprising two-, three-, four- and five-digit combinations.

The auction’s top selling plate was V 12 which sold for Dhs7m.

The other coveted plates at the auction included S 20 and Y 66 which sold for Dhs4.06m and Dhs3.2m respectively.

Last year, the Dubai number plate W 12 auctioned for Dhs4m.

Read: Video: Dubai number plate 12 W nets Dhs4m in auction

However, one of the most expensive plates ever auctioned by the RTA was in 2016, when Dubai-based Indian businessman Balvinder Sahni bought the D5 plate for Dhs33m.