Update: CBI Investors Receive Returns From The Residences at Secret Bay and Sales Remain Steady
The Residences at Secret Bay — the Caribbean’s most anticipated Citizenship by Investment real estate opportunity — has reached the 50% sold milestone of its built villas, with the most recent sale transacting last week. With initial sales of the acclaimed resort’s existing residences, including its deluxe Zabuco Villas and Ti-Fèy Villa—each a fully operating asset — the initial investors who obtained citizenship through purchasing at The Residences at Secret Bay have now been presented with their first return checks and are on track to receive their next quarterly returns to be presented on May 15, 2020.
Gregor Nassief — proprietor of Secret Bay and Chairman and CEO of GEMS Holdings Limited — explains, “We’re seeing strong demand from the Middle East, Africa and Asia, and receiving increasing interest from the US market seeking a ‘Plan B.’ As I last shared with IMI Daily about why investors should invest in Secret Bay, and the trend for ownership beyond citizenship, Secret Bay has demonstrated its value equation of having proven financial performance and a competitive exit strategy with a robust market for resale.”
With construction deemed essential in Dominica, Secret Bay continues building its next phase of new residences and has announced that five new Hillside Ti-Fèy Villas are set to be completed this November 2020. Entirely immersed in the sights, sounds and aromas of nature, the architectural masterpieces are perched on a hillside overlooking the sweeping sea, mountain and rainforest views. “By continuously offering completed villas, buyers have the opportunity to invest in an already-operating product that yields immediate returns,” said Nassief.
One of The Residences’ pillars is a commitment to Dominica, and as an entity that has had long-term success supporting and enabling the community, this is paramount. 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,” an initiative 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 600 meals.
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. 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.