On the heels of announcing its latest sales success, including only a few shares remaining in Phase 1 and its initial investors being presented with their second return on investment checks, The Residences at Secret Bay — Dominica’s first government approved real estate project with completed product — was just named the #1 Resort Hotel in the Caribbean, Bermuda and the Bahamas in Travel + Leisure’s 2020 World’s Best Awards, as well as the #6 Hotel in the World on Travel + Leisure’s “Top 100” list.
“This accolade, by one of the world’s most trusted and revered travel publications, is a testament to our team’s commitment to delivering truly exceptional service and experiences, which makes me incredibly proud,” said Gregor Nassief, proprietor of Secret Bay and Chairman and CEO of GEMS Holdings Limited. “From a CBI Investment perspective, it means that the villa and property you are investing in are part of a globally recognized, award-winning resort that grows from strength to strength.”
Dominica, the Caribbean’s “Nature Island,” is also making headlines, being recently recognized as the best country in the Americas region to recover from COVID-19 and among the top 15 recovered countries in the world, achieved by maintaining the confirmed case numbers below 20, having zero deaths and full recovery. This comes at a time when Dominica also announced the reopening of its airport for citizens to return home July 15 and its borders to foreign visitors reopening August 7.
And, while the coronavirus pandemic has disrupted many aspects of the hospitality industry and the real estate market, The Residences at Secret Bay, with its collection of freestanding villas and limited common areas, continues to see success, both in sales and continued interest. In fact, the project’s Phase 2 — four new Hillside Ti-Fèy Villas — is on track for completion this November. The 1,356 square-foot, two-story villas are equipped with indoor-outdoor living space, a private plunge pool, an outdoor rain shower cantilevered off the second floor, floor-to-ceiling glass walls, gourmet kitchens and a multitude of modern amenities.
“We’re excited about our new offering and inspired by the initial CBI interest we’ve received from those who can see the value of investing in a development that offers land, fully-equipped freestanding residences, few shared amenities and public spaces, and ample seclusion and privacy,” said Youssef Eldessouky, Regional Business Development Director at the company’s Dubai offices. “The pandemic has reinforced the importance of a CBI opportunity that has an existing product, a proven operating and financial performance and a competitive exit strategy with a robust market for resale.”
Secret Bay has generated other recent global attention, including: Architectural Digest, Brides, Cosmopolitan, CNN, Fortune, National Geographic, Outside, the cover of Travel + Leisure, The Telegraph and many more, garnering six billion impressions, along with receiving the prestigious Green Globe Certification.
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.
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