I live in Abu Dhabi and what you said is true but the only two real reasons why many spend that much money on a license plate is because it appreciate in value and whenever locals see a car with these numbers they will almost always give way to the car on the highway or streets or let them in important government buildings with out asking who are they or give them vip parking. The number does not have to be a single digit it could be double or triple digit but not more. And you also have the smaller number/letter in the corner of the license plate, for example the number 5 was given to locals in the 1980’s where now it’s seen as who ever owns a plate with a number 5 on its side as an old but most probably a high ranking member in the government or maybe a successful businessman. So people give them respect without even knowing who they are. Also some numbers are well known such as number 1 Dubai which belongs to the crown prince of dubai or as most people call him Fazza (the meaning of fazza in Arabic is someone who will help you when you are in need and it’s not a name but a nickname his real name is Hamdan bin Mohammed al maktoom also we name him fazza because he is a great prince just like his father who help those in need)
Doctor Petrol your welcome but I don’t think you understood me or maybe I didn’t explain well enough, people would give way out of respect not because the would have too. People actually would give way too anyone (in the highway not important gov building and such) but it’s more likely they would do that to the owners of low number car plates plus they would give them way in important places such as conventions or as I said gov buildings without asking them who they are but those with longe typically 4 digits+ numbers would almost always be asked who they are.
Personally I think the reasons why people pay this kind of money for license plates is more interesting than the actual prices of the license plates sold, but I guess that's just my preference :)
It's appears UAE is a special place for a lot of money for things, but where is the money going? Is this to the state for issuing the plate or, for example, did he pay 14 million to another person who already owned number 1 and if so how much did they pay for it?
In the UAE most of these plates were originally owned by the state. Multiple sources around the web mention that the proceeds of these license plate auctions are used for good causes. The proceeds of the auction the $14.3m plate was bought at went to building a special facility to help victims of traffic accidents. So, on the face of it it appears that the money doesn't just go to waste. Barwinder Sahani (buyer of the 5 and 9 plates) said in an article as well that he saw buying the plates at such a hefty price as his 'contribution' to the state in lieu of income tax which they don't have in the UAE. Don't know if all the funds are appropriated properly as said in reality of course.
Might do some follow up videos! In many Asian countries the value of plates (as well as for instance phone numbers) is determined by the numbers in the plate as they have certain lucky numbers. In The Netherlands for instance we don't have custom plates. Instead every car gets a license plate assigned randomly and that plate stays with that car forever.
There is a lot of number 1 plates in Dubai you have to look at the Alphabet letter before the number is different on each licence some times it will be like A 1 or H 1 you get the gist
These are assets & investments, meaning turning your money into license plates, no money lost, only exchange. I live in Qatar, the most expensive license sold (atleast publicly) was "411" for $960,000 in 2016. Now it is worth around $1,300,000. That's $340,000 dollars gained in almost 6 years for just owning a license plate.
thesee are assets & investments, meaning turning your money into license plates, no money lost, only exchange. I live in Qatar, the most expensive license sold (atleast publicly) was "411" for $960,000 in 2016. Now it is worth around $1,300,000. That's $340,000 dollars gained in almost 6 years for just owning a license
These are assets & investments, meaning turning your money into license plates, no money lost, only exchange. I live in Qatar, the most expensive license sold (atleast publicly) was "411" for $960,000 in 2016. Now it is worth around $1,300,000. That's $340,000 dollars gained in almost 6 years for just owning a license
These are assets & investments, meaning turning your money into license plates, no money lost, only exchange. I live in Qatar, the most expensive license sold (atleast publicly) was "411" for $960,000 in 2016. Now it is worth around $1,300,000. That's $340,000 dollars gained in almost 6 years for just owning a license
Hold on, so here in the usa we have to hear bitching from chareties qanting our money..... why the hell they ask us ask them. Edit, just dawned on me..... they probably own the orgs
