A certain someone e-mailed me about the secrets of Dubai's opulent wealth from supercars to the outrageous private plate market no one saw it coming. So, what's it all about this billionaires' paradise and why everyone's spending their astronomical budget to almost everything this oasis has?
From a barren desert to the home of thr world's tallest building, Dubai bears 40% of the world's gold trade in 2013, which weighs more than 354 elephants, and such wealth is caused by its booming oil economy which has enough capacity to fill 4.5 Olympic-sized swimming pools per day. Dubai's founding father, Sheikh Rashid, once said “My grandfather rode a camel, my father rode a camel, I drive a Mercedes, my son drives a Land Rover, his son will drive a Land Rover, but his son will ride a camel”. Of course, with Dubai's in a middle of an energy strife, he tried so hard to build Dubai into the megapolis we are familiar with with infrastructures like Port Rashid, Al Shindagha Tunnel, Jebal Ali Port, Dubai World Trade Centre and Dubai Drydocks, making Dubai the regional hub for trade.
Even though it faced the worst of times, especially the 2008 world financial crisis, Dubai still has a bright future in the world economy and because it was one of the driving forces of the gold trade, looks like they're really onto something here.
As we all know, the Burj Khalifa is the world's tallest building which stands at 828 meters (2,716.5 feet) tall when it was coronated in 2010 but for the current Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum, there are bigger plans for this paradise as this city is working on a mega project that will exceed Burj Khalifa. Known as "The Tower", it will be the centerpiece of the 3.7 square mile Dubai Creek redevlopment project and it will be "a notch taller" than the Burj Khalifa. It is expected to finish before the 2020 Dubai World Expo. With stuff like these, no wonder everybody in Dubai is throwing astronomical amounts of cash for big things no one ever imagined!
Then, there was the private plate market and for the rich boys of Dubai, a single or a double digit number plates are a status symbol and they are slapped through their luxury cars and exotics just to show the world who's the king of the road. According to sources, the most expensive number plate sales are;
- VIP 1 - 400,000 US Dollars / 300,000 GBP
- M1 - 440,000 US Dollars / 330,000 GBP
- F1 - 580,000 US Dollars / 440,000 GBP
- 5 - around 5.7 million US Dollars / 4.3 million GBP
- D 5 - around 8.7 million US Dollars / 6.6 million GBP
- 1 - around 9.6 million US Dollars / 7.25 million GBP
Of course, the license plate bearing 1 remains the most expensive private license plate of all time when Saeed Al Khouri payed 52.2 million Dirhams (around 9.6 million US Dollars or 7.25 million GBP) for the number "1" plate in Abu Dhabi in 2008 and most of the proceeds going to charity. That's how private plates in Dubai are for. For ordinary people, a license plate is just a license plate but for the Arab rich boys, they're investments as much as expensive silverware in the fancy kitchen at a fancy mansion.
Fancy living aside, Dubai is the home of the supercars, so much, even the Dubai police are adding supercars to their fleets such as Ferraris, Lamborghinis, McLarens, even Bugattis! The vast fleet of superfast pursuit vehicles make the world's police force look like child's play and just imagine if you were being chased by those just like in the Need For Speed games.
Apart from that, Dubai is home of the world's biggest showrooms of luxury vehicles. Last year, Lamborghini, Bugatti, and Bentley opened their biggest car dealerships in Dubai and with that kind of level, no car dealership we're familiar with comes close when it comes to its level of awesomeness Dubai's luxury car dealerships possess.
For petrolheads, Dubai is considered their home because with their astronomical wealth, they can afford big garages to store their cars as if they were toys and apart from exotics, they even possess legendary machines as well as the rarest of them all like someone who possess the ultra-rare Sergio sportscar, a car that was named in honor of Sergio Pininfarina. They even possess vintage classics like in the case of Hamad Bin Hamdan al Nahyan, the Rainbow Shiekh who possesses legendaries like the Ford Model T that was restored to mint condition.
Ask everyone where they will spend outrageous amounts of money for gold, cars, even everyday objects that will shun everyone on sight, it has to be Dubai because with all the extravagant stuff only the rich and famous can lavish on, especially the fat man who controls out lives, it's hard to say that no other city that has the craziest ideas and the craziest lifestyles more than this Arab town and we are getting salivated to visit this place someday, just to get a taste of what bigshots do in Dubai.
URL: https://absolutereg.co.uk/news/dubai-opulent-supercars-the-100m-private-plate-market
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