Abu Dhabi's largest real estate company is to become the latest developer to clamp down on the practice of "flipping" by placing restrictions on the resale of its properties.

Aldar Properties CEO Ronald Barrott said in comments published on Tuesday that the developer will impose new rules on resales in its next phase of its properties coming online in October and November.

Barrott said these rules governing resale of its properties will become standard for all future projects.

"A degree of speculation can be good, but it needs to be tempered... You can’t let the market get out of control, otherwise you have what is going on in Dubai," Barrott told UAE daily The National.

Aldar clamps down on property 'flipping' - Real Estate - ArabianBusiness.com