Property developer pays £7.3 million for car number plate

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A Dubai property developer has made history after spending the equivalent of £7.3 million on a number plate.

The single-digit plate, which features only the identifier 'D' and the number '5', was snapped up at a government auction by Balwinder Sahani for the staggering figure of 33 million dirhams.

Sahani reportedly already boasts a collection of high-valued personalised plates, the previous most expensive of which was the 'O 9' plate, which he bought for 24.5 million dirhams (£5.4 million) last year.

With six Rolls-Royces and two more on order, he has plenty of vehicles on which to show off his plates.

Speaking to CNNMoney.com, the Indian businessman likened his purchases to a donation to the government.

"I believe in giving back. This city has given me a lot," he commented.

He later told Gulf News: "I have collected 10 number plates so far and I am looking forward to having more. It's a passion. This number [D5] will go to one of my Rolls-Royces."