DUBAI (Web Desk) – Dubai-based Indian property developer Balwinder Sahni has spent $9 million during a government auction for a highly coveted number “5” license plate of his Rolls-Royce.
He is one of several high-rollers in the United Arab Emirates doling out large sums of cash for single digit license plates.
This is not the first time that he has spent such a huge amount on a license plate.
Last year, Balwinder Sahni spent $6.7 million to obtain a number “9” plate in a government auction.
Although, Sahni’s payments are quite large, they pale in comparison to the $14 million an Abu Dhabi businessman paid at a charity auction for a license plate baring the number “1” in 2008.
For Sahni, the money he spends is a form of charity—in a country with no income tax—he sees his contribution to the UAE government auctions as a public service.