Daily Recession covers the world as it goes into recession. The financial crisis, stock market crash, bankruptcies, job cuts, and the turmoil that follows.

Milford Real Estate in Dubai closes shop, 28 employees lost job

Posted: February 15th, 2009 | Author: | Filed under: By Location, UAE | Tags: , | No Comments »

Dubai-based Milford Real Estate was forced to cease trading on Sunday, making it one of the first full casualties in the emirate’s property industry of the global economic downturn.

Pam Brown, general manager, confirmed by telephone to Arabian Business that the firm, which was established in 2002, had now folded.

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