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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

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.


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...