It’s possible to establish social status in Dubai through license plate purchases–but it can get REALLY expensive

It’s possible to establish social status in Dubai through license plate purchases–but it can get REALLY expensive

In Dubai, it's pretty easy to clearly establish yourself as a member of the social elite, but it will certainly cost you a pretty penny. The smaller the number on your United Arab Emirate number plate the higher status you are, all the way up to number one.

The license plate business in Dubai is booming. People can trade money for their number to gain a higher status, but it can be tough to strike a balance between what you can afford and the status you want to exude. Small steps up can lead to large jumps in price, and sometimes negotiating is all you can do. Buy, sell, and invest, but be careful—prices tend to rise and fall at the drop of a hat.

Five-digit plates are significantly cheaper than four digit ones (and so on). Sometimes letters will be released with new plates and make older ones fall in price. Still, the small, single to double digit letters manage to retain massive value, one having sold upwards of $14 million!

(Source)

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