You are here

Fresh signs of Dubai's property-market woes

Brokers chase ebbing home sales as prices fall and deals dry up, but developers continue to start megaprojects

BT_20150807_DUBAI72NEW_1813714.jpg
HARD TIMES: Property deals in Dubai dropped 47 per cent in the first half of 2015 from a year earlier and prices have declined by 8 per cent since June 2014, according to Jones Lang LaSalle.

Dubai

THE jagged hole that used to be the glass front door of Dubai's S&K Estates Agents sums up the state of the city's home-selling business.

Someone smashed the entrance after the company known as Smith and Ken shut down its offices overnight, citing a "drastic" drop in

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom