McGettigan pockets €8m from sale of Dubai site

Donegal hotelier and developer Jim McGettigan has netted an €8 million windfall after offloading a prime site in the heart of Dubai.

Ian Kehoe - avatar

Ian Kehoe

31st October, 2009

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!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago