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Nov 1, 2016 @ 14:54

Meet the man who spent $9 million on a license plate

 

The oil-rich country’s wealthy elite are willing to drop millions of dollars to get their hands on one.

Dubai property developer Balwinder Sahni wanted a highly coveted plate bearing the number 5. He wanted it so much, he bid 33 million dirhams ($9 million) for it at a government auction earlier this month.

It was one of the largest sums ever spent on a license plate, although still lower than the $14 million record set in 2008 by an Abu Dhabi businessman.

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