Dominica’s six star villa ‘Secret Bay’ offers US $1 million to investors in return

Dominica’s six-star villa resort consists of outstanding and residential-style villas. “Secret Bay” revealed that it has paid a lump sum of US $1 million to investors in return. They have also noted gaining more than 100 Citizenship by Investment owners from across the globe.

Between 2019 and 2022, the global CBI project is also a part of the award-winning resort Secret Bay, which releases the results annually.

Secret Bay’s performance was noted as outstanding, along with major growth in the CBI, a significant increase in the CBI investor, return on investment payout, total sales, ADR, occupancy rate, and resort employee growth.

The outstanding resort serves on-scheduled new villas and new conveniences with extra comfort, which is counted as one of the major advanced factors for the Secret Bay.

Recently the Citizenship by Investment Programme of Dominica has also secured top rank as the best in the CBI Index 2022 across the globe; The Index was released by PWM Magazine of Financial Times for the sixth consecutive year.

These several achievements by the CBI Programme of Dominica further boost the investors looking for CBI real estate investment opportunities.

Here are some factors behind continuous growth:-

• The Residences at Secret Bay witnessed significant growth in terms of investors as the data hiked from 41 to 103 between Q2 of 2021 and Q2 of 2022. It contributed to the 151 per cent increase.

• From the Q4 of 2019 to Q2 of 2022, the total Return on Investment stood at the US $1 million, with the average ROI being 3.6%. While adjusting for the working days, the Return on Investment grew by 7%.

• Between 2019 and 2022, the count of villas also witnessed growth. It is also expected that this count will double in size by the end of 2024 and reach 28 villas.

• In 2022, the rate of operating occupancy jumped to 90 per cent, which was 58.9 per cent in 2019.

• The Average Daily Rate (ADR) also witnessed growth as it jumped to $1000 from $857 from 2019 to 2022.

• There was also a wave in the number of employees from the Q4 of 2019 to Q3 of 2022. It has increased from 33 to 104, contributing to a 215% increase.

• Non-CBI transactions accounted for 36% of revenue, including The Residences setting Dominica’s price record with the sale of a US $7.2M multi-villa mix in 2021.

The CEO of GEMS Holdings Limited, Gregor Nassief, in a statement, outlined that “Our year-over-year results are a

testament to Secret Bay’s value proposal from an investment mindset and sets the stage for future years of development and profitability for our investors.”

In addition, he expressed his gratitude, “We’re thankful for our investors and for the dedication of our resort administration and development team that has allowed Secret Bay to achieve this level of implementation and evolution in just under three years. We are reassuring and enthusiastic about the future.”

ABOUT ENVIRONMENT-FRIENDLY RESORT IN DOMINICA: SECRET BAY

• Secret Bay has witnessed outstanding advanced development over the past three years; it has also introduced the newest facilities with extra comforts, such as
• State-of-the-art amenities
• Including a heralded restaurant
• Spa
• Wellness pavilion
• Welcome house
• Lap pool and bar

The magnificent and massive resort situated in the lap of nature has also decided to introduce many other advanced facilities still under construction. The resort will disclose it in the next 12 months of the year. These facilities will be including a second restaurant and bar, art, boardwalk, floating platforms, funicular, chef’s table and EV charging stations.

Secret Bay’s Gwiyavye’ Lap Pool & Bar

The resort has revealed its other facilities which it will be offering:-

• Mouben Welcome House
• Gwiyavye’ Lap Pool and Bar
• Zing Zing Lounge

The resort disclosed that these advanced facilities are inspired by biophilic design and embrace the resort’s nature and sustainability design ethos.

Famous publications such as CNN, Architectural Digest, CNN, Fortune, National Geographic, Outside, the cover of Travel + Leisure, and The Telegraph ranked has recognised the stunning resort “secret bay.”

These publications have recognised Secret Bay for its unusual design. It has also been named the best.

Travel + Leisure’s out 500 resorts in the world and the #1 Resort Hotel in the Caribbean, Bermuda and the Bahamas.

It is the first and the only property which is affiliated with the elite luxury brand Relais & Châteaux. While showcasing the global publications like

• Architectural Digest Departures
• Luxury Magazine
• New York Post
• Ocean Home Magazine
• Robb Report
• Wall Street Journal
• Wealth Magazine

The Residence recognised the resort for its impressive offering and most coveted amenity, second citizenship.

Various markets such as the USA and European have been fuelled by the phenomenal growth in the extravagance eco-resort with savvy travellers seeking natural beauty as a growth area.

Dominica is also known as the best-kept secret in the Caribbean, which stands to allure this market making Secret Bay more attractive for investors.

The CBI offering of the residences is priced at the US $208k for fractional ownership and US $1.5 million for whole ownership.