Roseau, Dominica: Luxury and privacy, The Residences at Secret Bay, a six-star all-villa rainforest resort in the commonwealth of Dominica, which offers the most intimate, six-star experience in the world, declared that it has paid out the US $1 million in returns to investors. Currently, they have over 100 Citizenship by Investment (CBI) owners from all over the world.
Award-winning six-star all-villa rainforest resort “Secret Bay” is a part of the world-renowned CBI project, which is just released year-over-year results between the fourth quarter of 2019 through the second quarter of 2022.
Meanwhile, the expectations related to the Citizenship by Investment Programme are topped by the Residences at Secret Bay, total sales, ADR, return on investment payout, occupancy rate as well as resort employee growth.
In addition, Secret Bay launched on-scheduled new villas and new amenities.
Dominica is the best nation for Citizenship by Investment in the world, highlighted by The Financial Times’ subsidiary Professional Wealth Management for the sixth consecutive year. They further confirmed Secret Bay as the gold standard when it comes to CBI real estate investment opportunities.
As per the year-over-year growth successes:
- The Residences at Secret Bay increased from at least 41 investors to 103, a 151 percent increase, between quarter 2 of 2021 as well as quarter 2 of 2022.
- The total Return on Investment from quarter 4 of 2019 to quarter 2 of 2022 was US $1 million, with the average ROI being 3.6 percent, as well as when adjusted for operating days, exceeded 7 percent.
- Between 2019 and 2022, the number of villas increased by 100%, and by the end of 2024, when there will be 28 villas, the number will have more than doubled.
- Operating occupancy increased significantly from 58.9% on average in 2019 to 90% in 2022.
- The Average Daily Rate (ADR) increased from $957 to over $1,000 between 2019 and 2022.
- The number of employees increased by 215% from 33 in quarter 4 2019 to 104 in quarter 3 2022.
- The Residences established a Dominica price record in 2021 with the sale of a US $7.2 million multi-villa compound, accounting for 36% of total income.
Secret Bay is honoured to be named @travelandleisure #1 Resort Hotel in the Caribbean, Bermuda and The Bahamas for 2022. This is the second time the six-star all-villa resort topped the ‘World’s Best Awards’ readers’ survey for the region in three years.
The three pillars that form the foundation of Secret Bay’s StayWell Program are Dominica’s therapeutic biodiversity, green and clean practices, and nutrition-based vitality. The attentive preparation by Secret Bay employees, along with the seclusion of our six-star resort, enables visitors to unwind and explore the island extensively.
People experienced the best sleep of their lives at Secret Bay. The proprietor of Secret Bay and The Residences at Secret Bay and CEO of GEMS Holdings Limited- Gregor Nassief, mentioned in the statement that year-over-year results are a testament to Secret Bay’s value proposition from an investment perspective as well as set the stage for upcoming years of growth and profitability for investors.
The dedication of their resort management and development team, as well as the support of their investors, allowed Secret Bay to reach this level of performance and growth in less than three years, and they are thankful for both.
Additionally, they have formally introduced Mouben Welcome House, Gwiyavye Lap Pool & Bar, and Zing Zing Bar & Lounge, three new facilities that were influenced by biophilic design.
These aesthetically spectacular amenities are the most recent additions made as part of our award-winning resorts’ multi-year master plan, which has been in place for ten years. This progression reduces the resort’s overall density and offers visitors the greatest in the luxury of time and space while allowing for a variety of additional facilities, more private villas, and the launch of a for-sale housing programme.
The Residence received recognition from publications like Architectural Digest, Departures, Luxury Magazine, New York Post, Ocean Home Magazine, Robb Report, Wall Street Journal, and Wealth Magazine for its excellent offering and most sought-after perk, second citizenship.
With discerning tourists looking for natural beauty as a development sector, the luxury eco-resort industry has experienced tremendous growth in regions like the USA and Europe. Because Dominica is likewise regarded as the Caribbean region’s best-kept secret, investors will find Secret Bay more alluring.
The cost of the properties offered by CBI ranges from US $1.5 million for complete ownership to US $208,000 for partial ownership.
