Fresh signs of Dubai's property-market woes

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.