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
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 first-half revenue. The dearth of deals that sparked S&K's collapse and the loss of 80 jobs is likely to cause more pain in the Middle East's biggest and most volatile property market.
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