In the UAE, 11-year-old boy bought license plates for $ 5.5 million

In the UAE, 11-year-old boy bought license plates for $ 5.5 million

November 22, 2016 0 By autotimesnews

11-year-old resident of UAE bought at an auction hosted by the General Directorate of Abu Dhabi Police, the three license plates, totaling over $ 5.5 million. A boy named Abdullah bought license plates for the purpose of resale.

The Abdullah choice fell on registration plates with the numbers “11”, “1111” and “7”. The last number has a special value in the UAE because it is a reference to the number of the emirates that make up the state. He also became the most expensive – boy spent nearly 13.5 million dirhams (over $ 3.6 million).

The second value of the license plate turned to “11” (approximately six million dirham, or $ 1.6 million), while the “1111” cost of one million dirhams, or just over 270 thousand dollars.

Because of the young age, Abdullah could not yet legally drive a car, and then use numbers and bought at auction. So the boy plans in the future to re-sell valuable license plates.

Earlier in the UAE have already been cases of sales of “beautiful” numbers for large sums. For example, in the summer of 2016 the businessman Arif Ahmad Al Zaruni paid for license plates with number “1” of 18 million dirhams (about 4.9 million dollars).