Update: Dominica’s Top CBI Project Completes Four New Villas and Launches Phase 2 Sales
The Residences at Secret Bay, Dominica’s crown jewel development and only six-star, award-winning, all-villa resort, has completed construction on four new villas and is concurrently launching its Phase 2 sales, remaining true to its commitment to offering new citizenship investors buy-in of a ready villa. The Residences Phase 1, which garnered buyers from North America, Middle East, Africa and Asia especially, has just a few shares remaining.
“We’re thrilled to launch our next phase of sales for The Residences at Secret Bay,” said Gregor Nassief, proprietor of Secret Bay and The Residences at Secret Bay, and Chairman and CEO of GEMS Holdings Limited. “We continue to see interest from savvy investors around the world who are seeking a built product, a proven operating and financial performance and a competitive exit strategy with a robust market for resale.”
The Hillside Ti-Fèy Villas, designed to complement, not compromise, the land, are the newest phase of owner Gregor Nassief’s vision to create a first-of-its-kind boutique and six-star serviced vacation home experience in the Caribbean. Built across 33 acres at Secret Bay and in accordance with a conscientiously phased master plan, The Residences at Secret Bay will become an even lower density product than what it is today — decreasing from nine percent to less than seven percent of the property allocated for development. As such, the tangible sense of intimacy and seclusion for which Secret Bay has become renowned will forever stay intact. Over the years, the resort has been praised for its ability to effortlessly capture the luxury of time and space along with its artful fusion of high design, local craftsmanship, commitment to sustainable development through numerous green and eco-friendly initiatives and a reputation for authentic guest experiences custom-curated to personal preference.
The project’s four new Hillside Ti-Fèy Villas comprise 1,686-1,836 square feet of indoor-outdoor space and a 250-400 square-foot pool deck, each outfitted with a gourmet kitchen, private plunge pool, hammocks and day beds positioned to make the most of the views, and every modern amenity imaginable. The tropical-modern architectural masterpieces are sustainably built with Guyanese Greenheart hardwood and feature indoor furniture hand-crafted from Dominican Red Cedar by local artisans. Offering spectacular jungle-to-ocean vistas, these villas are situated in the dense Dominican rainforest, creating an authentically natural experience complemented by the utmost luxury. A fifth Hillside Ti-Fèy Villa will be completed by early 2021.
Secret Bay is an awarding-winning Green Globe certified resort and residences, which was recently named the #1 Resort Hotel in the Caribbean, Bermuda and the Bahamas and #6 Hotel in the World in Travel + Leisure’s 2020 World’s Best Awards, and has been consistently recognised for its exceptional design, service and experience by such global travel and lifestyle publications as Architectural Digest, CNN, Fortune, National Geographic, Outside, the cover of Travel + Leisure, and The Telegraph.
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. Dominica’s Prime Minister and Minister for Finance, Honourable Dr. Roosevelt Skerrit, recently praised the project, stating that “…investing in Secret Bay, you can be assured of your investment. You can be assured of a return on your investment. It is a project that cannot be compared to any other in the Caribbean.” And, going on to say that “[Secret Bay] will enhance the integrity of our [CBI] program.”