Brief
Mazal launches escrow platform for Dubai premium number‑plate trades
The service holds payments in escrow until ownership transfer is verified, aiming to bring transparency to a fast‑growing market.
By Felo News Desk · Published
Dubai's premium number‑plate market now has an escrow‑based digital platform, announced by Mazal on Oct 2, 2026. The service holds buyers' funds from agreement to confirmed ownership transfer, allowing live auctions and cash payments via a partnership with Transguard.
Mazal says the market sees about 55,000 transactions annually, growing roughly 20 % each year, with the highest recorded sale at Dh55 million and a three‑year market value of Dh1.7 billion. Co‑founder and chairman Abdulla Al Meer highlighted the need for transparent processes, while co‑founder and CEO Ahmad Al Nasser noted the platform’s role in preserving the market’s unique scarcity and value.
Key facts
- Mazal launched a digital escrow platform for premium Dubai number‑plate transactions. (gulfnews.com)
- The platform holds buyer funds until official ownership transfer is confirmed. (gulfnews.com)
- Dubai's premium plate market handles roughly 55,000 deals a year and is growing about 20 % annually. (gulfnews.com)
- The highest recorded plate sale was Dh55 million, with a three‑year market worth of Dh1.7 billion. (gulfnews.com)
- Cash payments are facilitated through a partnership with Transguard. (gulfnews.com)
Sources
- [1] gulfnews.com — originally reported as “Dubai number plate buyers get escrow protection with new platform”
