Latest news with #EmiratesAuction
Zawya
30-04-2025
- Business
- Zawya
Ajman Land Department and Emirates Auction sign cooperation agreement to organise real estate auctions
Ajman, The Department of Land and Real Estate Regulation in Ajman has signed a cooperation agreement with Emirates Auction, the Middle East's leading company specialised in organizing and managing public and online auctions. Under the agreement, Emirates Auction will handle all real estate auctions referred by the Land Department, whether public or online, as part of both sides' commitment to modernising the real estate sector and accelerating the digital transformation efforts in line with the Zero Government Bureaucracy Programme. The signing ceremony took place during the third edition of the Ajman Real Estate Investment Exhibition, which was organised by the Department of Land and Real Estate Regulation under the patronage of H.H. Sheikh Humaid bin Rashid Al Nuaimi, Supreme Council Member and Ruler of Ajman. The agreement was signed by H.E. Engineer Omar Bin Omair Al Muhairi, Director General of the Department of Land and Real Estate Regulation in Ajman, and H.E. Abdulla Matar Al Mannaei, Chairman and Managing Director of Emirates Auction, with several directors and officials from both sides present at the signing. Strengthening Strategic Partnership Under the cooperation agreement, both parties will work to expand the scope of their strategic partnership and strengthen coordination on real estate auctions falling under the jurisdiction and procedures of Ajman's Department of Land and Real Estate Regulation. Emirates Auction will be responsible for organising all auctions referred to by the department, in line with its regulations and guidelines. The company will also be committed to using the latest digital technologies to ensure the efficient and transparent management of auction processes. Innovative real estate services H.E. Engineer Omar Bin Omair Al Muhairi emphasised that the agreement is part of the department's ongoing efforts to provide innovative and competitive real estate services. 'Hence, we are committed to improving customer experiences, expanding auction options, and streamlining procedures, as well as maximising returns, thereby supporting our goals of creating a sustainable real estate investment environment and establishing global leadership in innovative real estate,' Al Muhairi said. He added that the collaboration with Emirates Auction stems from the company's industry-leading expertise and advanced capabilities in organizing and managing both public and online auctions. Significant Addition For his part, H.E. Abdulla Matar Al Mannaei stated that the cooperation with the Department of Land and Real Estate Regulation represents a significant addition to Emirates Auction's growing network of strategic partners and a clear testament to the trust in the company's reputation, performance, and services across the UAE and the region. Al Mannaei also noted that this partnership will contribute to the continued growth and development of Ajman's real estate sector. He affirmed that Emirates Auction is committed to applying global best practices and standards, ensuring the highest returns for the department, while also enhancing customer satisfaction through advanced, world-class bidding systems. He also commended the department's efforts and the continued success of the Ajman Real Estate Investment Exhibition, which he described as one of the region's leading real estate events, thanks to the promising investment opportunities it offers to both investors and entrepreneurs in the sector.
Khaleej Times
21-03-2025
- Automotive
- Khaleej Times
Why Dubai's elite are paying millions for the perfect number plate
From some of the most luxurious properties to the best restaurants in the world, the UAE caters to the needs of the rich and the famous. However, one thing that is truly unique to the country is its craze for fancy number plates. On Saturday, a Dubai businessman shelled out a whopping Dh35 million to snap up the plate DD 5 at a charity auction. As hefty as the price sounds, it is not the most expensive number plate to be sold in the country. That laurel belongs to an anonymous entrepreneur who spent Dh55 million in 2023 to own the Dubai vehicle number plate P7 after a fierce bidding war. That rewrote a 16-year history created in Abu Dhabi by Emirati businessman Saeed Abdul Ghafar Khouri in 2008 when he bought the number plate 1 for Dh52.5 million. But what is it that makes number plates such a valuable asset in the country? 'The UAE is one of the only markets in the world where a good plate number is almost like gold,' said Naim Eyvazov, CEO of Evana Homes and a number plate enthusiast. Hailing from Azerbaijan, he said he has not seen a market as competitive as the UAE. 'The country has become a haven for storing your funds or part of your economy in a number plate. I have lived in the US and travelled all across Europe. There is no such thing as a business in fancy numbers like here.' Naim, who runs his business along with his mother Eva Huri, said the duo religiously attends events by Emirates Auction to understand the market. 'I have always had an eye for fancy numbers, but I never realised what a competitive market it was until we moved to the UAE 12 years ago,' she said. 'You don't have to study or (have a fancy degree) to enter this market. If you spot a good plate number, you can snap it up and make good business out of it.' Taste of luxury Naim said that with many dollar billionaires in the UAE, it is not surprising that number plates were such a huge market in the country. 'It means that they have a taste for luxury,' he said. 'These plates are probably the best accessory you can add to your car and your car is deserving of an accessory because you drive it every day. Over here, you even drive more than you walk. So, it is worth spending on it. Whether on the roads or at the destinations you go to, a good number plate gives you instant respect.' He added that he had invested in a number plate and reaped the result. 'I bought the palindrome number 63363 about eight months ago,' he said. 'Today, the price has already tripled. So, it is a really good investment idea as well because the price of number plates will never go down.' His theory was that the larger the white space on a number plate, the more valuable it becomes. If you ask me, I would say that the most valuable number plate would be an 11,' he said. Way of life For 13-year-old Abdulkader Walid Asaad, numbers are just a way of life. As the son of an avid fancy number plate collector, he has seen his father attend auctions and buy plates that he took a fancy to. 'I have always seen my father being passionate about fancy numbers and that is just in my DNA too,' he said. 'For the last two years, I have been accompanying him to various auctions. Often, I am the youngest in the room.' On Saturday, the grade eight student along with his father successfully bid for the number plate DD 24, buying it for the handsome price of Dh6.3 million. 'Number plates are an identity,' he said. 'It gives you a status that simply a car cannot. I also have several other number plates as well as fancy phone numbers. It is a passion for my father and me, and I know that this is something I want to continue doing when I grow up.' The eldest of three children, Abdulkader said that he hopes his younger siblings will follow in his footsteps once they grow up. Aspiration When Indian entrepreneur Amjad Sithara, founder and chairman of the BCC Group, first arrived in Dubai in 2008 to work as an employee in a company, the only thing he focused on was to survive. Buying a number plate or even a car was not on his horizon. All that changed the first time he saw the car of his hero — Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai. 'I saw a photo of his Mercedes G-class car with the number plate 1 and was just mesmerised,' he recalled. 'I knew that one day I wanted to buy that car and a similar number plate.' In 2010, he bought his first vehicle — a Mercedes G-class. 'At the time, I only had money for the car, not a fancy number plate,' he chuckled. 'I could only afford a four-digit number plate. So, I bought the M8598 because that was the only one available. I paid Dh5,000 for it. Today, the value of that plate is Dh25,000. So, it was a good investment.' Since then, the construction tycoon has amassed 12 numbers of the same series. 'I have T8594, S8595, U8593, and so on,' he said. 'Starting from 2010, every year I would buy a car and for each car, I would buy a number plate of the same series.' Last month, Amjad splurged on the most expensive plate he has ever bought — a three-digit one. 'After years of dreaming, I finally bought a Rolls Royce and for this car, I decided to go the extra mile and get a three-digit number which was an R859,' he said. 'It cost me Dh450,000. I think of it as a really good investment.' Although his dream of buying a plate with the number 1 on it remains unfulfilled in the UAE, he bought it in India. 'I like to achieve my dreams, so I went to India and bought the exact same Mercedes G-class and a number plate with 1 on it,' he said. 'That dream was one of the biggest drives for me to achieve everything I have achieved so far.'
Hi Dubai
17-03-2025
- Automotive
- Hi Dubai
Dubai's Most Noble Number Charity Auction Raises AED 83.7 Million for Fathers' Endowment Campaign
Dubai's Most Noble Number charity auction, held at Armani Dubai Hotel in Burj Khalifa, has raised an impressive AED 83,677,000 to support the Fathers' Endowment campaign. The initiative, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum during Ramadan, aims to provide healthcare and treatment for those in need by establishing a dedicated endowment fund. Organized by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI) in collaboration with Emirates Auction, the Dubai Roads and Transport Authority (RTA), e& UAE, and du, the auction featured 25 exclusive numbers, including five premium vehicle plate numbers, ten du mobile numbers, and ten e& UAE mobile numbers. The highlight of the evening was the bidding for RTA plate numbers, which collectively garnered AED 75.9 million. Among them, the coveted DD 5 plate sold for a staggering AED 35 million, followed by DD 12 at AED 12.8 million and DD 15 at AED 9.2 million. Mobile numbers from e& UAE and du also attracted significant interest, raising AED 4.732 million and AED 3.045 million, respectively. Muhammad BinGhatti, Chairman of Binghatti Holding, emerged as a key participant, contributing AED 44.2 million in bids. The event saw participation from top business leaders, philanthropists, and humanitarian figures, reinforcing the UAE's commitment to charitable and humanitarian efforts. In addition to the live auction, the Most Noble Number online charity auction continues to attract bids, featuring 444 special plate numbers through the Emirates Auction app, with bidding closing on March 16 and 17. Donations to the Fathers' Endowment campaign remain open through multiple channels, including the campaign website ( dedicated call center, bank transfers, SMS contributions, the DubaiNow app, and the Jood platform. This initiative strengthens the UAE's leadership in philanthropy while promoting values of parental honor, compassion, and community solidarity. News Source: Emirates News Agency
Dubai Eye
17-03-2025
- Automotive
- Dubai Eye
Dubai auction raises AED 83.6m for Father's Endowment campaign
Dubai's 'The Most Noble Number' charity auction raised AED 83.6 million to be invested to help support the objectives of the Fathers' Endowment campaign, launched by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister, and the Ruler of Dubai. Organised in the Armani Dubai Hotel, Burj Khalifa by Mohammed bin Rashid Al Maktoum Global Initiatives (MBRGI), in collaboration with Emirates Auction and the support of Dubai's Roads and Transport Authority (RTA), e& UAE and du, the auction featured 25 special numbers including five vehicle plate numbers from RTA, 10 du mobile numbers and 10 e& UAE mobile numbers. Proceeds of the auction will go towards supporting the Fathers' Endowment campaign and its aims of improving healthcare across underserved communities. This includes developing hospitals, providing essential medical equipment and medications, expanding capacity, and upgrading operating rooms. Total bids for RTA plate numbers amounted to AED 75.9 million. Bids amounted to AED 4.732 million for e& UAE mobile numbers and AED 3.045 million for du mobile numbers. Chairman of the Binghatti Holding, Muhammad BinGhatti, participated in the Most Noble Number charity auction, with total bids of AED 44.2 million Special plate numbers auctioned this evening sold for the following amounts: DD 5 sold for AED 35 million, DD 12 sold for AED 12.8 million, DD 15 sold for AED 9.2 million , DD 24 sold for AED 6.3 million and DD 77 sold for AED 12.6 million. In addition to the Most Noble Number charity auction in Dubai, the Most Noble Number online charity auction continues to attract bids. The online auction, organised by the Integrated Transport Centre (Abu Dhabi Mobility) which operates under the Department of Municipalities and Transport in Abu Dhabi, features 444 special plate numbers that are auctioned through the Emirates Auction app, and will close on March 16 and 17.
CairoScene
16-03-2025
- Automotive
- CairoScene
Rare Car Plate "DD 5" Sells for AED 35 Million at Charity Auction
A Dubai auction saw intense bidding as rare plate numbers and mobile numbers raised millions for a Ramadan charity campaign. Mar 16, 2025 Dubai's elite car enthusiasts were in a bidding frenzy as rare number plates and luxury mobile numbers went under the hammer at the 'Most Noble Number' charity auction, raising a total of AED 83.6 million. The undisputed star of the night was plate number 'DD 5', which fetched AED 35 million at the event held at Armani Hotel Dubai in Burj Khalifa. Organised in support of the Fathers' Endowment campaign, launched during Ramadan by Sheikh Mohammed bin Rashid Al Maktoum, the auction attracted high-profile bidders eager to secure exclusivity on the roads. In total, five premium car plates brought in AED 75 million, including 'DD 15' (sold for AED 9.2 million), 'DD 12' (AED 12.8 million), and 'DD 77' (AED 12.6 million). The biggest spender of the night was Muhammad BinGhatti, Chairman of Binghatti Holding, who secured 'DD 5' and 'DD 15', contributing AED 44.2 million—more than half the total raised. It wasn't just cars that drew attention—20 luxury mobile numbers were also up for grabs, collectively generating AED 7.7 million. The priciest number of the night was du 0584444444, which sold for AED 1.7 million, while e& UAE 0565000000 followed closely at AED 1.6 million. Dubai has long been a hub for record-breaking number plate sales, where ultra-rare digits double as status symbols. For those who missed out, the auction extended online through the Emirates Auction app.
