Indian businessman buys Dubai licence plate for Rs59.9 crore for his Rolls Royce

Auctions of licence plate numbers are a big draw in the United Arab Emirates where a shorter number is a status symbol coveted by the wealthy.

By: Express Web Desk | New Delhi | Published:October 9, 2016 7:02 pm
dubai-businessman What’s riding on a number? Apparently, quite a lot! Indian businessman Balwinder Sahni paid million for a special Dubai number plate.

How much would you pay to own a cool licence plate?

A couple of thousands? Tens of thousands? A lakh? How about a crore? Well, for this Indian businessman, owning a special licence plate meant so much that he spend almost a whopping Rs60 crore to buy it!

Balwinder Sahni reportedly paid 33 million dirhams ($9 million, or Rs59.9 crore) at an auction to buy a Dubai licence plate for one his own Rolls Royce on October 8. Owner of a property management company, Sahani, also purchased another Dubai plate for 1 million dirham ($280,000).

This was not a first for Sahani either, who had purchased the licence plate number O9 last year as well for 25 million dirhams ($7 million), according to local media reports.

According to a Bloomberg report, in Dubai, licence plates with shorter numbers are auctioned as they are considered to be status symbol by the rich and wealthy. The record-breaking amount for a number plate in the country was paid by a businessman Saeed Al Khouri who bid over $140 million (52.2 million dirhams) back in 2008. It was for the licence plate number 1.

In Saturday’s auctions, over 80 number plates were auctioned. The bidding for ‘D5’ plate started at around $5.5 million (20 million dirhams). The money earned at the sale will go to Dubai’s Roads & Transport Authority.

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  1. C
    Chander Pal
    Oct 9, 2016 at 4:39 pm
    He will give umpteen reasons not to donate for a worthy cause in education, health care, old age home etc
    Reply
    1. K
      Khan
      Oct 12, 2016 at 8:31 pm
      Stupid and fool no word for this person for in the world
      Reply
      1. I
        IslamForFools
        Oct 9, 2016 at 4:43 pm
        In Dubai buying these costly number plates is nothing but investment, after few months, years, someone will buy same plate from Ashanti for 100 Crowe, that's how it works there
        Reply
        1. P
          Pat
          Oct 9, 2016 at 9:19 pm
          Money doesn't make you think wise. Shameless on you. You could have bought hundreds a roof instead of giving to strangers for a dumbest thing, a useless dubai plate.
          Reply
          1. B
            babu
            Oct 10, 2016 at 11:45 am
            When he dies, may be he will take that number plate also with him?
            Reply
            1. R
              Rohith
              Oct 9, 2016 at 8:02 pm
              It's 14 million USD and not 140 million. Express stupids.
              Reply
              1. F
                feso
                Oct 11, 2016 at 12:41 am
                All proceeds go to charity. Before say anything we should ask ourselves what have have spent on charity before questioni others.lt;br/gt;lt;br/gt;lt;br/gt;lt;br/gt;Pls post the full news.
                Reply
                1. B
                  Babu Rao
                  Oct 9, 2016 at 7:48 pm
                  chuotya
                  Reply
                  1. H
                    HOSABETTU LUXMAN
                    Oct 12, 2016 at 12:11 pm
                    I AM WILLING TO BECOME DRIVER FOR THIS CAR.
                    Reply
                    1. M
                      Manish kumar
                      Nov 13, 2016 at 2:12 pm
                      App ka p agar black mane hai tho 100000 tak 50% ma hum ko dha saktha hai
                      Reply
                      1. D
                        dev
                        Oct 11, 2016 at 12:02 pm
                        you are such a fool...have you read the full news? read properly and see what it says about allocation of money! FOOL!
                        Reply
                        1. M
                          maurice
                          Oct 31, 2016 at 8:52 pm
                          Actually thats not true , its suppose to go to charity but the company wont tell how much of it goes to charity
                          Reply
                          1. N
                            nit
                            Oct 9, 2016 at 10:13 pm
                            Shameless Indian.
                            Reply
                            1. R
                              Ram
                              Oct 9, 2016 at 9:42 pm
                              Shameless use of resources. You are lucky to be so resourceful, may be of your own making or inherited. Having got this, you should be wise enough to use it to help others. We also saw Ambani constructed 80 floors for his own use.
                              Reply
                              1. R
                                Romm
                                Oct 9, 2016 at 10:32 pm
                                Stupid and Shallow
                                Reply
                                1. S
                                  Scorpiosuren
                                  Oct 10, 2016 at 11:23 am
                                  He is a stupid person. Why can't he use that money to feed so many hungry children and people all over the world....
                                  Reply
                                  1. D
                                    Dutt
                                    Oct 9, 2016 at 3:09 pm
                                    make him pay the luxury tax for that money in india
                                    Reply
                                    1. Y
                                      YoMum
                                      Oct 9, 2016 at 4:42 pm
                                      Not possible, its something he acquired outside of India with no relations (commercial).
                                      Reply
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