The Residences at Secret Bay is the only government-approved real estate project in Dominica offering purchase options to both vacation home buyers and citizenship investors
The Residences at Secret Bay - the Caribbean’s most anticipated Citizenship by Investment (CBI) real estate opportunity - has reached the 50% sold milestone of its built villas, including multiple transactions this month.
Initial investors who have already obtained citizenship through purchasing at The Residences at Secret Bay were presented with their first return on investment payments and are poised to receive their next returns on May 15, 2020.
“We’re seeing that investment in second citizenships is holding strong and we are thrilled our investors are already seeing returns,” said Gregor Nassief, proprietor of Secret Bay and Chairman and CEO of GEMS Holdings Limited. “The early popularity of investing in The Residences is a result of four key factors: an existing operation with a ready product, a competitive exit strategy, extensive industry experience and a global reciprocity program.
The Residences at Secret Bay is the only government-approved real estate project in Dominica offering purchase options to both vacation home buyers and citizenship investors. Further, the Financial Times’ magazine, Professional Wealth Management, named Dominica as the best country for citizenship by investment in their 2019 edition of the CBI Index.
Dominica’s CBI programme is particularly popular because of its low initial investment, relaxed travel and residence conditions, swift citizenship timeline, easy and straightforward processing, and high-quality lifestyle. And, with strong demand for ownership by vacation home buyers, The Residences at Secret Bay grants citizenship investors unmatched access to the vacation home market for resale.
With construction being an essential service in Dominica, Secret Bay continues building its next phase of new residences, four new Hillside Ti-Fèy Villas that are set to be completed this November 2020. Each of the villas features a two-story floor plan, a private pool, an outdoor rain shower cantilevered off the second floor, floor-to-ceiling glass walls and an abundance of space for residents to enjoy an intimate tropical island experience.
“We’re happy that even in these uncertain times, we’re able to expand our existing product inventory and offer this new real estate offering for CBI investors,” added Nassief.
The Residence has had long-term success supporting and enabling the Dominica community, and this month, the GEMs family of brands, including Secret Bay and Fort Young Hotel & Dive Resort, responded to the world’s Covid-19 crisis by remaining fully operational and reorganizing their staff to launch “Koudmen Kitchen.” The initiative was designed to supply Covid-19 frontline workers and healthcare professionals with 50 no-cost meals a day at four locations across the island. To date, they have provided more than 1,000 meals.
Secret Bay has received many accolades and significant global attention including coverage in: Architectural Digest, Brides, Cosmopolitan, CNN, Fortune, National Geographic, Outside, the cover of Travel + Leisure, The Telegraph, and many more.
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