The Residences at Secret Bay Sets Highest-Price Sale Record in Caribbean Island of Dominica
The Residences at Secret Bay
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The Residences at Secret Bay, Dominica’s crown jewel development and only six-star, award-winning, all-villa resort, just sold the most expensive vacation home estate in the country ever for US $7.1 million. The record-breaking sale comes from a non-Citizenship investor, demonstrating the interest in, and value of, the Residences beyond the traditional CBI markets. The home comprises two Clifftop Villa Estates featuring two primary architectural estate villas and two companion villas. Perfectly perched atop an ultra-private promontory overlooking the Caribbean Sea, the exclusive off-plan Clifftop Villa Estates are thoughtfully designed to emulate the resort’s iconic Zabuco villa. Set upon half- to two-third-acre homesites, each estate seamlessly blends into the jungle-meets-sea landscape by way of sustainably sourced architectural materials and indoor-outdoor floor plans that embrace the essence of Secret Bay living.
“This is a significant milestone for The Residences at Secret Bay, endorsing our vision and further validating The Residences as a premier investment opportunity both regionally and globally,” said Gregor Nassief, proprietor of Secret Bay and The Residences at Secret Bay, and Chairman and CEO of GEMS Holdings Limited. “The investment also highlights Dominica as the Caribbean’s hidden gem and an ideal location for investors seeking a second home in the safety and seclusion of our Nature Island.”
Perhaps the most coveted perk of owning at Secret Bay — whether whole ownership or share ownership — is the opportunity to acquire a second passport. In addition to the project’s recent estate sale, The Residences’ Citizenship by Investment (CBI) offering- priced at US $208k/share — is pacing well, attracting investors from all over the globe. With Phase 1 sold out and Phase 2 nearly 50% sold out, The Residences continues to see rapid momentum from CBI investors who seek an already built product with a strong track record and competitive exit strategy.
“The events of 2020 have further bolstered demand for Citizenship by Investment, as CBI buyers seek a desire for personal freedom and a sound investment,” stated Nassief.
Secret Bay’s new residences were recently showcased in global publications like Departures, Robb Report, JustLuxe, Ocean Home Magazine and Wealth Magazine, among others, recognised not only for their impressive offering, but their most coveted amenity — second citizenship. And, Secret Bay was recently 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 luxury 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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