GCC insurers will also benefit from the expansion of compulsory insurance
The number plates category received over 100,000 visits over the past 30 days, the announcement said.
"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.
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.
GCC insurers will also benefit from the expansion of compulsory insurance
The National Emergency Crisis and Disaster Management Authority on Monday announced its preparedness for the unstable weather conditions
Retailer's share offering oversubscribed 64 times
The UAE and other Gulf markets saw a flurry of IPOs over the past two years
Vital jobs that require working at workplace premises and those of weather condition response teams are exempted from flexible and remote work
The authority announced certain exemptions for employees whose jobs require presence at the workplace
The utility provider highlighted the importance of using the services of a competent technician to carry out regular maintenance work
It is the second facility to be launched this year after the introduction of a similar service in Yas Mall in February