The Residences at Secret Bay Pays Out US $2.7 Million in Returns to CBI Investors and Nears 200 Worldwide Investors

The Residences at Secret Bay just released year-over-year results between the period of the first quarter of 2023 and the first quarter of 2024. During this period, The Residences has outperformed expectations related to investor growth, return on investment payout, total sales, ADR, and more.  Further, The Residences has proudly paid out US $2.7 million in returns to investors and now has more than 188 owners from around the globe. And, the team delivered on-scheduled new villas and new amenities. This proven track record of performance establishes Secret Bay as a highly attractive real estate investment for both the Lifestyle and Citizenship by Investment (CBI) markets.  

Return on Investment (ROI) payouts (2019-2024)

Investor growth (2019-2024)

Year-over-year growth successes include:

• The Residences at Secret Bay has been paying a consistent return on investment to its investors. From the fourth quarter of 2019 to the first quarter of 2024 the total US Dollar amount was over US $2.7 million. 
• Between the period of the first quarter of 2023 and the first quarter of 2024, The Residences at Secret Bay grew from 147 investors to 188. A nearly 28% increase.
• Between the first quarter of 2023 and the first quarter of 2024, The Residences at Secret Bay’s operating occupancy rate remained consistent averaging over 65%. During this same period, the Average Daily Rate(ADR) increased by 45%.
• The number of villas has nearly quadrupled, going from six in 2019 to 20 in 2023. 

These year-over-year results highlight our growth and the rising interest in this type of product and investment,” said Marvlyn James, Director, Sales and Marketing of The Residences at Secret Bay. “Additionally, with global interest remaining strong and steady, and having reached the 50% mark on allocated fractional shares, we are confident that our sales and construction cycles will continue to be in sync, delivering an incredible lifestyle and real estate product to our investors.” 

In addition to its growth trajectory across the board, the resort continues to experience high demand and consistent interest from guests, reflecting positively on its overall performance even with expanded villa inventory. 

As part of its ongoing growth and commitment to offering completed villas, Secret Bay recently unveiled its first Ti-Fèy+ Villas, available for stays beginning November 1, 2024. The three-story, two-and-a-half-bedroom villas were designed with families, multi-generational travel and groups in mind. The addition of these villas increases the resort’s inventory to 23.  The villas are available for fractional ownership, with the opportunity to secure today’s most coveted amenity – a second passport. 

Further, the Resort & Residences has very recently launched  its newest amenity – Bwa Denn – an immersive cultural experience featuring food, art, retail & kombucha brewery. The modern minimalist two-level structure features a contemporary Caribbean and Latin American art collection of over 100+ distinct pieces, a commercial art gallery celebrating local artists, as well as a casual gourmet restaurant on the ground floor, a full-service bar, hip microbrewery, conference space, mini theater, cutting-edge wine cellar and more. The rooftop lounge and fine dining space with extensive ocean vistas will be home to the resort’s signature “no menu” concept, while the kombucha brewery will specialize in fermented local teas infused with fresh fruits. 

To learn more about The Residences at Secret Bay, visit www.secretbay.dm/ownership or email [email protected].