Domain Names can be pricey. If the domain name you require is small sized, popular, catchy and generic in nature, it can cost in millions of dollars. Voice.com, is a shining example of this which was sold at $30 million, which remains the costliest domain name ever. However, a new domain name could topple this record.
A report by EIN news claims that a domain name’s price has exceeded the cost of Voice.com. And the difference is not of a few million dollars but is twice of that. Yes, the domain name Riyadh.flights has been priced at a whopping $60 million!
What is the reason behind such an exorbitant amount for this domain name? The first reason being the cost is the second level domain here, i.e., Riyadh. Riyadh is the Capital city of Saudi Arabia. The country is going through an intense economic transformation. Seeing the exhaustion of its dear petrol reserves in the near future, the state pivoted to a tourism based economy. The special attention on Tourism, makes flights an essential part of the economic progress of the Country. Considering the hoard of oil money that the middle eastern state is sitting upon, such a high price can be expected.
The second reason being the extension. .flights domain names are one of the most expensive domain names. The domain name provides accurate and on the point branding. Such branding can be lost if another .com domain is being used. A .flights domain establishes that the platform is a flight company without any explanation.
Even after all these considerations, it is still difficult to digest such prices. What do you think? Answer us in the comments.