A factory-sealed first generation iPhone has sold for a record-breaking $63,356 (Dh232,698.35) at an auction on Sunday.
Original iPhones have fetched exorbitant amounts at auctions before - but never this much. According to 9to5Mac, the last original sealed iPhone auction saw the device being sold for $35,414 - almost half the record-breaking price.
According to media reports, the phone belonged to Karen Green, who received it as a gift from a friend over 15 years ago.
She did not use it because the phone did not support her service provider at the time. Over the years, she considered selling it but decided to hold out after she saw just how much original, sealed iPhones were going for at auctions.
Bidding started at $2,500 but eventually went for over 25 times that price.
Once ramped up, the new centres are expected to each generate annual revenue of up to Dh200 million
Many residents opt for it in times of financial crunch and other urgent personal needs
Rents are projected to continue the upward trend across the country in 2024
The number of transactions carried out witnessed a significant increase compared to last year
The 57,000 sqm facility incorporates advanced technologies that include automated sort systems
Report notes that the GCC banking sector has experienced steady growth due to infrastructure projects, economic diversification efforts