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  3. The most expensive license plate in Dubai 'P 7’ sells for a whopping 15 Million USD

The most expensive license plate in Dubai 'P 7’ sells for a whopping 15 Million USD

10 Apr 2023

Dubai is known for its luxurious lifestyle, fast cars, and lavish spending. In a recent event, a Dubai-based businessman has set a new record by purchasing the most expensive license plate in the world for a staggering $15 million. The number plate, ‘P 7’, is now considered the most valuable license plate in the world, surpassing the previous record held by the ‘F1’ plate, which sold for $14 million in Abu Dhabi in 2008. The UAE is famous for the most expensive license plate numbers in the world, which are sold periodically at auctions in Dubai and Abu Dhabi, the latest of which is the “Noble Number” charity auction for distinguished numbers, which was held this week in Dubai, and its total revenue 97,920 million dirhams, will be donated to the one billion meal campaign that is launched by Dubai Ruler and Prime Minister Mohammed bin Rashid Al Maktoum.

The ‘P 7’ plate

The ‘P 7’ plate

The ‘P 7’ plate was auctioned off by the Roads and Transport Authority (RTA) in Dubai in late February 2021. The plate was part of a series of unique plates that were auctioned off by the RTA as part of their annual auction. The auction has been held every year since 2008, and it is known for attracting some of the world's wealthiest individuals who compete for the most exclusive license plates in the world.

The ‘P 7’ plate is considered to be one of the most sought-after plates in Dubai due to its short and simple combination of letters and numbers. It is also believed to be one of the oldest plates in the emirate, having been issued in the early 1980s. The plate has been owned by the Dubai government since it was first issued, and it was only recently put up for auction.

The winning bidder, whose identity has not been disclosed, has not revealed why he was willing to pay such a huge sum for the ‘P 7’ plate. However, it is not uncommon for wealthy individuals in Dubai to spend huge amounts of money on unique license plates to show off their status and wealth.

Dubai's love for luxury life style

 Dubai's love for luxury life style

The sale of the ‘P 7’ plate has once again highlighted Dubai's love for luxury and extravagant spending. In recent years, the city has become known for its opulent lifestyle, with the world's tallest building, the Burj Khalifa, and some of the world's most luxurious hotels, such as the Burj Al Arab and the Atlantis, located in the city.

While the sale of the ‘P 7’ plate has raised eyebrows and sparked debate among some people about the value of such extravagances, others argue that it is simply a reflection of the growing wealth and prosperity in the region.

Wael Nakhle

BY Wael Nakhle

Wael is an automotive content writer specializes in creating written content for Motor 283. Producing a wide range of content, including blog posts, articles, product descriptions, reviews, and technical guides related to cars, trucks, motorcycles, and other vehicles, with an unprecedented passion for cars, and motorcycles.

NEW MORGAN PLUS FOUR MAKES ITS MIDDLE EAST GRAND PREMIERE ONBOARD THE ICONIC QE2 CRUISE SHIP IN DUBAI

17 Jun 2024
NEW MORGAN PLUS FOUR MAKES ITS MIDDLE EAST GRAND PREMIERE  ONBOARD THE ICONIC QE2 CRUISE SHIP IN DUBAI

Adamas Motor Group, the exclusive Retail Partner of Morgan Motor Company in the UAE and Bahrain, proudly announces a significant milestone in its expansion in the Middle East region with the Grand Premiere of the long-anticipated Morgan Plus Four sportscar held aboard the iconic Queen Elizabeth 2 cruise ship in Dubai, UAE.

The highly exclusive event marked the official arrival of the Morgan brand in the region with Adamas Motor Group officially appointed to support the wider GCC network with providing a suite of Managed Services, in addition to their continued efforts as exclusive Retail Partner in the UAE and Bahrain.

The event was graced by the presence of prominent guests from Morgan Motor Company including CEO, Massimo Fumarola and Chief Design Officer, Jonathan Wells, as well as His Majesty’s Consul General to Dubai and Northern Emirates, Oliver Christian. 

SBX CARS BREAKS WORLD RECORD FOR THE MOST VALUABLE CAR SOLD ONLINE

17 Jun 2024
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The Dubai-based 2015 Lamborghini Veneno Roadster featured on SBX Cars has become the most valuable car ever transacted via an online-only auction platform, selling for US$6,000,000 last week. The sale surpasses a 2017 Ferrari LaFerrari Aperta, which previously sold for US$5,360,000 in 2022. This marks not only a new online auction record, but also an impressive milestone for the newly-founded SBX Cars platform.

The rare Veneno Roadster, only one of nine worldwide, had previously appeared at a well-known in-person auction house in 2020, with an estimated sale price of between €4,500,000 and €5,500,000, however, failed to sell.

Previously owned by a member of the House of Saud, the royal family of Saudi Arabia, the coveted road-legal 6.5-liter naturally-aspirated V12 Veneno Roadster has a maximum output of 750 PS / 552 kW / 740 HP and accelerates from 0 to 100 km/h in just 2.9 seconds, with a top speed of 355 km/h.

Finished in a matt black over an interior trimmed in lime green and black leather, the super sports car also boasts lime-green pinstriping on the exterior, adding a touch of contrast and personality to its fighter-jet-like bodywork.

In the two months since launching, SBX Cars has registered thousands of global bidders from over 40 countries, and has sold cars into the US, Mexico, Dubai, Kuwait, Germany and Hong Kong. The platform is the world's first global premium auction site, selling the the most coveted and collectible vehicles to buyers all over the world.

SBX Cars also announced the exclusive rights to auction the highly-anticipated Lotus Black&Gold Collection - the world’s largest collection of Lotus historic cars and rare collectible assets from the famous John Player Special Formula One era.

The New MINI Cooper 5 Door

17 Jun 2024
The New MINI Cooper 5 Door

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The body dimensions are almost identical to those of its predecessor and underline the basic idea behind every MINI: To create as much space as possible on a small footprint. In the case of the MINI Cooper 5 Door, this means an interior that offers enough space for five passengers. All of which benefits the occupants in terms of comfort and space. Short overhangs, clear surfaces and expressive accents also give the new MINI Cooper 5 Door its unmistakable charisma. Inside, digital innovations and an immersive user experience take the MINI DNA to a new level.

The larger body version of the purist MINI Cooper also delivers the brand's hallmark driving fun and agile handling. There is a choice of two efficient petrol engines which, combined with the modern chassis and precise steering, deliver the hallmark MINI go-kart feeling.

The three-cylinder petrol engine of the MINI Cooper 5 Door C generates 156 hp. The MINI Cooper 5 Door S is powered by a four-cylinder petrol engine with 204 hp. Hallmark MINI steering and powerful brakes ensure a high level of driving fun, safety, and comfort. Compact dimensions, short overhangs, and a small turning circle make the MINI Cooper 5 Door a versatile model for the city.

The new MINI Cooper is characterised by "Charismatic Simplicity". The design language of the current MINI family presents the traditional values of the brand with a striking clarity. The authentic design language of the new models combines advanced technology with elementary principles of vehicle design and brand origins.