The camel was from a "prize-winning bloodline" and was highly sought after in the UAE where camel racing is hugely popular.
Enthusiast Naeem al-Ghilan from Oman, stumped up 2.5 million dirhams or A$907,200 for the male camel after "fierce competition" at the auction in Abu Dhabi.
The camel is a grandson of an Emirates prize-winning camel called Jabbar.
The animals whose brother fetched 1.2 million dirhams or A$435,000) at a similar auction last year
The auctions take place on the sidelines of an annual international hunting and equestrian exhibition in Abu Dhabi.