Say hello to the crown jewel of Dominica, The Residences at Secret Bay. Renowned to be the only six-star, eco-friendly villa resort. This year, Secret Bay pays an outstanding US$1.5 million payout in returns to over 150 of its investors.
Secret Bay is one of Dominica’s government–approved real estate projects, under the Real Estate Investment Option in Dominica’s Citizenship by Investment (CBI) Programme.
The luxurious villa recently published its year-over-year results between the first quarters of 2022 and 2023 period.
Also Read: Accolades pour in for Secret Bay Dominica!
Secret Bay pays CBI investors their returns and measures strong growth
The luxury resort surpassed CBI investor growth, return on investment (ROI) payout, total sales, average daily rate (ADR), occupancy rate, and resort employee expectations.
Secret Bay’s year-on year growth success includes the following:
- The scheduled deliverables of additional villas and amenities secured Secret Bay as a premium standard in CBI real estate investment projects.
- The Residences at Secret Bay grew to 159 CBI investors, from 86, an estimated 85 per cent increase.
- Occupancy rate at The Residences at Secret Bay grew from 81 per cent to 91 per cent.
- ADR increased from US$1,117 to over US$1,196.
- Employees grew from 91 to 110, which is a 21 per cent increase.
- The only CBI real estate project in the Caribbean that has consistently paid out over US$1.5 million returns to investor. The ROI would average between 3 and 4 per cent when amended for operating days. More
A real estate model that works
“The underlying value of Secret Bay from a real estate and resort perspective is further confirmed by these year-over-year results,” said Gregor Nassief, the proprietor of Secret Bay and The Residences at Secret Bay, and CEO of GEMS Holding Limited.
He also shared that, “We are truly grateful to our investors, appreciate the commitment of our resort management and development team that have allowed Secret Bay to continue to achieve this level of performance and growth.”
More about Secret Bay
Located in the lush embrace of Secret Bay’s secluded peninsula, these villas offer breathtaking scenic views of the turquoise blue Caribbean Sea and dense rainforests on the Nature Isle.
This exclusive collection of luxury villas offers an unparalleled blend of stunning tropical landscapes and world-class amenities.
Each villa is meticulously designed to harmonise with the surrounding environment, providing residents with an exceptional fusion of modern comfort and unspoiled nature.
The villas are constructed using sustainable materials and innovative architectural techniques, seamlessly integrating indoor and outdoor spaces while committed to preserving the environment.
The interiors boast luxurious finishes, contemporary furnishings, and top-of-the-line appliances, ensuring a lifestyle of opulence and comfort.
Residents enjoy access to a range of amenities, including a world-class restaurant, wellness facilities, personalised concierge services, and direct access to pristine beaches and coral reefs.
The development prioritises privacy, security, and a sense of community, fostering a serene and exclusive luxurious lifestyle.
Residents can partake in thrill-seeking adventures such as hiking through lush rainforests, exploring hidden waterfalls, and engaging in water sports like snorkelling and diving in the crystal-clear waters.
This year, Secret Bay received number one spot in Travel + Leisure’s 2023 ‘World’s Best Awards’, including its 25th position in Travel + Leisure Reader’s 100 Favourite Hotels in the World for 2023.
Dominica’s CBI Programme has assisted Secret Bay’s position in global luxurious real estate living.
Investing in Dominica Real Estate
Investing in Dominica real estate can offer several benefits to investors. Such benefits of investing in Dominica real estate include:
Affordability
Dominica’s real estate starts from US$100,000. The island offers some of the most affordable properties in the Caribbean region.
CBI Programme
Dominica CBI programme is an opportunity to acquire second citizenship through foreign direct investments (FDIs) to acquire citizenship through purchasing a real estate property.
Tourism and Rental Income
A popular Caribbean tourist destination, attracting visitors who come to explore its natural splendour. Investing in real estate can offer high returns.
Appreciation Potential
As tourism and interest into the country continues to grow, there’s potential for real estate values to appreciate over time, as seen with The Residences at Secret Bay.
Diversification
Dominica real estate projects can diversify your investment portfolio. Real estate investments often perform differently from stocks and bonds, which can create a layer of protection against global market volatility.
Tax Benefits
Dominica offers favourable tax policies for investors. This can be especially attractive for investors seeking to minimise their cross-border tax liabilities.
Eco-Tourism and Sustainability
Dominica emphasises sustainable and eco-friendly tourism. Eco-conscious investors can find opportunities in multiple initiatives that align with Dominica’s commitment to building a resilient nation.
Long-Term Retirement Planning
Dominica’s tropical climate and island lifestyle makes it a desirable location for retirees. Investing in real estate now can create a retirement home in the future. Alternatively, invest in a rental property that generates income during your retirement years.
Government Support and Stability
The Dominican government has shown dedication to promote FDIs, including real estate. Political stability and transparency in its legislations forms an added layer of security for investors.