(MENAFN- Khaleej Times) An exclusive number plate, W22, was sold for a staggering Dh2.62 million in Dubai on Saturday.
The plate was sold as part of the RTA's 98th open auction at the Park Hyatt Hotel near Dubai Creek Golf & Yacht Club. Bidding for the plate started from a
According to the RTA, up to 80 special number plates bearing 2, 3, 4 and 5 digits of Codes I, J, K, L, M, N, O, P, Q, R, S, T and W are up for grabs during the auction.
Sultan Al Marzooqi, Director of Vehicles licensing at RTA's Licensing Agency, had said, " Bidders will be treated to a complimentary draw on the plate J 468.
"Participation in the auction requires the potential bidder to have a traffic file in Dubai. A cheque amounting to Dh25,000 has to be deposited but can be redeemed in case no successful bid is made. An amount of Dh120 has to be paid as subscription fees. Potential bidders can also pay deposits by credit cards or submit the cheque number through RTA website (www.rta.ae), provided the cheque will be deposited to the counter staff on the auction day together with the subscription fees in cash.
Successful bidders have to settle dues within ten working days starting from the closure of the auction to avoid deposit forfeiture and blacklisting of defaulters. Any bidder can own an unspecified number of plates.
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