Interest in Secret Bay Magnified by Vaccine Rollout, Crypto-Surge, and Post-COVID Demand for CBI


The Residences at Secret Bay, Dominica’s crown jewel development and only six-star, award-winning, all-villa resort, is seeing continued strong interest from Citizenship by Investment (CBI) buyers as 2021 further increased demand for the CBI market. With COVID vaccinations underway, the aftershocks of COVID forthcoming, the rise of crypto currency and the desire for personal freedom, astute global investors are turning to CBI investments.

“CBI buyers are driven by the desire for personal freedom and a sound investment,” said Gregor Nassief, proprietor of Secret Bay and The Residences at Secret Bay, and Chairman and CEO of GEMS Holdings Limited. “As we’re seeing a surge in the Crypto market, global citizens want greater control of their lives and less lockdown restrictions when it comes to making decisions that affect one’s personal life. CBI speaks to these individuals and Dominica, specifically Secret Bay, is at the top of their list.”

The Residences at Secret Bay launched Phase 2 at the start of the year, which includes four new villas completed in November 2020. The 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. Designed to complement, not compromise, the land, they 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. Later this year, Secret Bay will unveil additional villas and new amenities, including a saltwater infinity pool, beachfront bar and restaurant, and welcome center. 

“We just launched Phase 2 sales of The Residences and have already seen great demand from CBI investors who want an already built product with a strong track record and easy exit strategy,” said Nassief. “Buyers are realising how accessible CBI is and how valuable a second passport is in these unprecedented times.”

Secret Bay’s new residences were recently showcased in Robb Report, JustLuxe, Ocean Home Magazine and Wealth Magazine, among others, recognised not only for their impressive offering, but their coveted amenity — second citizenship. And, Secret Bay was just named one of Travel + Leisure’s top 500 hotels in the world, and last year was named the magazine’s #1 Resort Hotel in the Caribbean, Bermuda and the Bahamas and #6 Hotel in the World. The awarding-winning Green Globe certified resort 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 property is the first and only property in Dominica to be affiliated with the elite brand, Relais & Châteaux. 

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 CBI Programme distinguishes itself as leader amongst Citizenship by Investment programmes earning the title of the “World’s Best Country for Second Citizenship” for the fourth consecutive year by Professional Wealth Management magazine — a publication from the respected Financial Times

Secret Bay continues to welcome guests and has implemented a StayWell Program — a series of holistic wellness, health and safety protocols that go beyond WHO, PAHO, CDC and local health authorities’ mandates and guidelines to mitigate the spread of COVID-19. Additionally, Dominica launched a “Safe in Nature” campaign, which provides a “managed experience” within a so-called “tourism bubble” comprising accommodation, transport, attractions, spas, restaurants and water-based activities that have all been certified for safety by the government. 

Dominica is recognized as among the top 15 COVID-19 recovering countries in the world, achieved by maintaining low confirmed case numbers and zero deaths. 

To learn more about Citizenship by Investment in The Residences at Secret Bay, visit: https://secretbay.dm/cbi/. For a consultation, please email residences@secretbay.dm.

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