India businessman pays $9 mln for Dubai number plate

India businessman pays $9 mln for Dubai number plate
Dubai-based Indian businessman Balwinder Sahani (C) looks on during an auction in Dubai on Oct. 8, 2016. Sahani, an owner of an international real estate company, paid 33 million dirhams ($9 million) for a Dubai license plate bearing the number 5. (AFP)
Updated 09 October 2016

India businessman pays $9 mln for Dubai number plate

India businessman pays $9 mln for Dubai number plate

DUBAI, United Arab Emirates: An Indian businessman has paid $9 million at auction to grab a single-digit car registration plate in Dubai, feeding a passion for “unique” number plates.
Balwinder Sahani, who owns a Dubai-based property management company, spent AED 33 million on the “D5” number plate, in an auction organized by the road authority, Gulf News daily reported Sunday.
“I have collected 10 number plates so far and I am looking forward to having more. It’s a passion. This number will go to one of my Rolls-Royces,” he said.
The daily said more than 300 bidders participated Saturday in the auction which is organized every two months. Eighty special numbers were on offer.
Auctions for “unique” car plates have become a fashion in the glitzy United Arab Emirates with auction organizers frequently netting millions of dollars.