Proceeds will go to Dubai ruler Sheikh Mohammed Rashid’s global food aid initiative, the 1 Billion Meals Endowment.
Emirates Auction LLC sold plate number P 7 - which, at first glance, looks like the number 7 alone, with the P off to the side - on Saturday during a charity auction, according to the company. Proceeds will go to Dubai ruler Sheikh Mohammed bin Rashid’s global food aid initiative, the 1 Billion Meals Endowment.
For years, Dubai has been a safe space for the mega-wealthy to flash their wealth and live a tax-free lifestyle. While other parts of the world worry about an economic downturn, the emirate’s economy remains strong - with high oil prices benefitting its neighbors and most important customers. An influx of wealth has buoyed the real-estate market.
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