Emiratis were by no means alone in being hit by the plunge of Dubai's property market, when both novices and experienced investors were stung by flipping one apartment too many.
While analysts say there are no current figures to quantify how many Emiratis lost money during that period, legal action against investors as well as well-publicised government debt payoffs suggest that it was significant.
But, Saeed Hirsh, a London-based economist at Capital Economics, explained that middle class Emirati investors were perhaps in a more difficult position when the heyday ended — in that they could not simply get on a plane and never come back.
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