Donegal hotelier and developer Jim McGettigan has netted an €8 million windfall after offloading a prime site in the heart of Dubai.
McGettigan had planned to build a 22-storey serviced apartment tower named Bonnington Residence on the site, but changed his plans due to the downturn in the property market.
The site on the Dubai waterfront has now been sold at a profit of €8.1 million.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team