UAE should be concerned about property flipping, says Emaar chairman | The National:
"The Emaar chairman, Mohammed Alabbar, has warned about off-plan sales as the Government and other developers take steps to reduce speculation on property prices.
“We need to learn from the mistakes of the past,” Mr Alabbar said at Emaar’s annual general meeting last week in Dubai. “We need to be concerned about flipping.”
Flipping was in part blamed for the extent of the housing market crisis in 2008 – when speculators bought unfinished properties and sold them on to third parties within a short time, inflating property prices."
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