Saturday, 25 October 2014

Judgment of €1m awarded against developer over failed Dubai deal

Judgment of €1m awarded against developer over failed Dubai deal:



"A businessman has obtained a €1 million judgment against a developer arising out of a failed deal to purchase several apartments in Dubai.



James Byrne (56), a native of Waterford now living in Dubai, claimed he gave €633,000 to Caoimhin McGeever, otherwise known as Kevin McGeever and his company KMM International Ltd, in 2006 to purchase three studio apartments and a duplex apartment close to the centre of Dubai.



Mr Byrne said he neither got ownership of the properties nor return of his investment and later learned one of the properties was sold to another party."



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