Flippers, skippers, runners, survivors battle it out
‘Flipping’, ‘skipping’ and ‘running’ are relatively new terms in the argot of Dubai’s property market. Many would know about at least one person who has done one of the three ‘disrespectful’ things, and may even be aware of several more via the city’s thriving rumour mill.
New players experiment with speculation
Offloading multiple units
Trail of debts
Flippers now deal in credit notes
• Despite the impression that flipping is a thing of yore and was once the exclusive prerogative of high risk takers, it has attracted new players
by Iona Stanley