Special UAE number plates on sale for Dh130 million!

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Special UAE number plates on sale for Dh130 million!

Dubai - 786 is the most searched number plate.


A Staff Reporter

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Published: Tue 18 Oct 2016, 2:15 PM

Last updated: Wed 19 Oct 2016, 1:53 AM

The new number plates category on the classifieds website Dubizzle has garnered over 4,500 ads for a gross market value of Dh130 million since its launch in mid-July, the company announced today.

The number plates category received over 100,000 visits over the past 30 days, the announcement said.
Also read: Dubai businessman buys number plate for Dh33 MILLION

"Dubizzle is enabling buyers and sellers of number plates to transact in a liquid secondary market, giving buyers an opportunity to search and be notified when their dream plate becomes available, and sellers a path to monetize their valuable and previously illiquid asset," commented Jean-Pierre Mondalek, General Manager Motors at dubizzle.

"The average asking price per plate is Dh32,000 and we have already seen several plates listed worth over Dh1 million, including a 2-digit plate for Dh7 million," adds Mondalek.
Also read: Car number plate '1' goes for Dh18m in Sharjah

The most searched number plate on dubizzle is 786 in the past three months.

The dedicated number plates category enables sellers to distinguish their plates by Emirate, plate type, number of digits, and the plate number, making it easier for buyers and sellers of number plates to get connected and transact.

"The number plates category is all about being local and understanding the needs of the UAE's motoring community. Distinguished number plates are very popular in the UAE, however are not always accessible. What was previously reserved to those in the know or those that were lucky to have inherited a unique plate, is now available to the wider community through dubizzle," concluded Mondalek.

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