The Residences at Secret Bay
IMI Official Partner
On November 10, 2022, astute investors from around the world came together in Dubai at Jumeirah Beach Hotel for Secret Bay’s annual partner and shareholder summit. GEMS chairman Gregor Nassief was in attendance, as was Dominica’s Prime Minister and Minister for Finance, Honourable Dr. Roosevelt Skerrit, remotely via video.
Reinforcing its claim of being the global gold standard in Citizenship by Investment (CBI) projects, Dominica’s crown jewel development, and only six-star, all-villa resort, The Residences presented the results of its investor survey.
The survey was shared on the heels of Secret Bay releasing year-over-year results between the fourth quarter of 2019 through the second quarter of 2022, paying out $1 Million USD in returns to investors and publishing its compliance statement with respect to Dominica’s CBI laws regarding the real estate path to second citizenship.
The public presentation of the investor survey and the compliance statement introduce a never before seen level of transparency in the CBI marketplace and not only confirms that Secret Bay is operating within all legal boundaries but also prove that they are doing so in a way that investors are satisfied with.
The Investor Survey covered all aspects of owning at Secret Bay, including satisfaction when it comes to Secret Bay’s communication, shareholder experience, and the value of the Dominica passport. Shareholders also provided their satisfaction levels as it relates to their return on investment (ROI) and degree of interest in holding onto one’s investment after the necessary holding period. Also, investors answered questions related to interest in whole ownership of the award-winning resort real estate opportunities and if they would refer Secret Bay as a qualifying investment for citizenship to friends and family.
Among the findings, the investor survey revealed the below. If interested in receiving the full survey results, email email@example.com.
- 87.5% of Investors Report Receiving ROI, with 81.3% Confirming Satisfaction
- 75% of Investors Plan to Spend a Week at Secret Bay or a Stay via THIRDHOME and 62.5% Interested in Learning More about Whole Ownership
- 93.8% of Investors Express Interest in Retaining Shares after the Holding Period, Though Will Consider Reasonable Offers
- 90.7% of Investors Would Recommend Secret Bay as a Qualifying Investment for Citizenship to Friends & Family
- 94+% of Investors Confirm Overall Satisfaction When it Comes to Secret Bay’s Communication, Shareholder Experience and Value of the Dominica passport.
“We are proud of the results of the shareholder survey,’” said Gregor Nassief, proprietor of Secret Bay and The Residences at Secret Bay and CEO of GEMS Holdings Limited. “With 94% of our shareholders expressing satisfaction and 93.8% stating their interest in retaining shares beyond the holding period, we believe we are on the right track. Our ongoing commitment to our investors’ satisfaction is proof that we’re doing a lot right.”
When speaking at the Partners Event in Dubai, Dominica’s Prime Minister and Minister for Finance, Honourable Dr. Roosevelt Skerrit, said: “I really must commend and highlight the integrity of the team at Secret Bay which has always operated above board and promoted the programme in keeping with the high standards and guidelines set by the Government of Dominica for transparency and accountability.
Investors who choose the Secret Bay option are assured that they are buying into a high-value project which promotes the sustainability of the natural environment and combines luxury with the simplicity of our nature here in Dominica. Without a doubt, Secret Bay has significantly boosted our status as a luxury tourism destination.”
Prior to the event, Secret Bay published on its website a comprehensive compliance statement. The statement outlined the policy and purpose of The Residences at Secret Bay to ensure full compliance with the highest principles of professional conduct to the related laws, regulations, and policies that govern the industry. This includes upholding legislation as established by the Commonwealth of Dominica, as well as the policy statements that Dominica’s CBI Unit issued as of October 11, 2018, as published by IMI and additionally on January 24, 2022, in IMI. Read the full compliance statement for The Residences at Secret Bay here.
Secret Bay continues to be acknowledged 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.
This year, for the second time in three years, it was named one of Travel + Leisure’s top 500 hotels in the world and the #1 Resort Hotel in the Caribbean, Bermuda, and the Bahamas. The property is the first and only property in Dominica to be affiliated with the elite luxury brand Relais & Châteaux.
The Residences were recently showcased in global publications like Architectural Digest, Departures, Luxury Magazine, New York Post, Ocean Home Magazine, Robb Report, Wall Street Journal, and Wealth Magazine, among others, recognised not only for their impressive offering but their most coveted amenity — second citizenship.
The Financial Times’ subsidiary Professional Wealth Management recently named Dominica the “Best Country for Citizenship by Investment in the World,” — for the sixth consecutive year — cementing Secret Bay as the gold standard when it comes to CBI real estate investment opportunities.
The Residences’ CBI offering is priced at US $212k for fractional ownership and from US $1.5 million for whole ownership. To learn more about Citizenship by Investment in The Residences at Secret Bay, visit: https://secretbay.dm/cbi/. For a consultation, please email firstname.lastname@example.org.