{
  "id": 11361562,
  "title": "Driving up sales: Dubai platform opens secure marketplace for multi-million dirham number plate trading",
  "url": "https://urgent.news/2026/10/02/driving-up-sales-dubai-platform-opens-secure-marketplace-for-multi",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-02T04:36:02.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/news/uae/2026/10/02/dubai-mazal-app-high-value-number-plate-trading/"
  },
  "original_language": "en",
  "account": "Dubai's premium vehicle plate market is about to be revolutionized by the launch of the Mazal app, an online marketplace equipped with escrow protection. This new platform will securely facilitate the buying and selling of high-value number plates, traditionally traded through informal channels such as social media and independent brokers.\n\nThe Mazal app ensures a secure and transparent transaction process by holding buyers' funds in escrow until ownership transfer is confirmed. This innovation is set to bring more structure and efficiency to a market that has previously struggled with a lack of formal mechanisms. The platform aligns with the regulations set by the Roads and Transport Authority, and will only handle transactions of verified buyers.\n\nDubai's private number plate market has been experiencing significant growth, with an annual increase of approximately 20 percent. In the past three years, the market has seen transactions worth Dh1.7 billion ($463 million). This app is set to provide a new digital standard for Dubai's premium number plate market, leveraging the city's burgeoning collectables sector.\n\nMazal's founders, Emirati nationals, aim to set a new benchmark for the market. Abdulla AlMeer, chairman of Mazal Dubai's executive board, has long sought to establish a legal secondary market for number plates. He notes that number plates have been associated with Dubai since its inception and have evolved into a status symbol, commanding high values on the roads of Dubai.\n\nMazal plans to categorize number plates into different carat values, with the highest value plate, \"mithali,\" denoting perfection or the pinnacle in Arabic. The app will charge a 5 percent brokerage fee on each sale. This new system aims to provide a secure trading environment for Dubai's high-value number plate market.",
  "summary": "Dubai’s premium vehicle plate market, where individual plates can reach Dh55 million ($15m), will soon welcome the UAE’s first escrow-backed online marketplace. The Mazal app will hold buyers’ funds until ownership transfer is confirmed, providing security to a second-hand market that has traditionally relied on social media, independent brokers, and manual processes. The platform aligns with…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "Driving up sales: Dubai platform opens secure marketplace for multi-million dirham number plate trading",
        "url": "https://urgent.news/2026/10/02/driving-up-sales-dubai-platform-opens-secure-marketplace-for-multi-11371378",
        "published": "2026-10-02T04:36:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}