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June 17, 2021

The Residences at Secret Bay, one of Dominica’s award-winning Citizenship by Investment resorts, recently recorded its highest-ever sale in the country with a Secret Bay’s clifftop villa selling for US$7.1 million.

Luxury Dominica-based resort, The Residences at Secret Bay, which operates under Dominica’s long-running Citizenship by Investment Programme (ranked the the world’s best CBI Programme for the fourth consecutive year, according to the latest CBI Index 2020), offers citizenship including second passports to individuals or families who invest in approved real estate on the Caribbean island.

Having sold out of its first phase of properties, and with its second phase of villas almost half sold, the award-winning resort has now recorded Dominica’s highest-ever villa sale of US$7.1m with the Secret Bay villa boasting a dramatic clifftop location and incredible views of the Caribbean Sea.

“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,” says Gregor Nassief, proprietor and CEO of Secret Bay.

American investors, in particular, are showing great interest in the property, with Secret Bay recording a 66% increase in enquiries last year from the region. “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,” Nassief adds.

Award-winning Secret Bay resort

Named Number One Resort in the Caribbean and Number Six Resort in the world by Travel + Leisure’s 2020 World’s Best Awards, marking the first time a CBI Investment real estate project has been awarded top marks in the world’s leading travel awards, Secret Bay is committed to offering new citizenship investors buy-in of a ready villa.

The Residences at Secret Bay is Dominica’s only six-star all-villa resort, made up entirely of standalone luxury villas enveloped in a rainforest-rich embrace.

The second phase of villas, of which there are still a handful available, feature residential-style 1,400sqft hillside villas, each with private pools, outdoor rain showers, floor-to-ceiling glass walls, gourmet kitchens, private plunge pools and hammocks with daybeds perfectly positioned to make the most of the jungle-to-ocean views that extend to Morne Diablotin, Dominica’s highest mountain, and are situated within the Secret Bay’s densest rainforest area.

Owned and managed by GEMS Holdings Limited, which owns and manages various hotels that have been operating successfully throughout Dominica for the past three decades, Secret Bay has eight years os successful operation under its six-star belt with a long track record of rental demand returns, and is among an exclusive number of real estate projects in Dominica, including famed brands like Kempinski and Hilton, that offers purchase options to both vacation home buyers and citizenship investors. All resorts operating in the CBI programme must abide by a strict code of environmental and sustainable initiatives.

For the citizenship investment route, investors must undergo due diligence, and once passed, can either contribute to a government fund or invest in pre-approved real estate such as Secret Bay.

Dominica’s world-leading CBI Programme

Known as the ‘Nature Isle’ Dominica is home to one of the world’s longest-running Citizenship by Investment programmes. Introduced in 1993, it is widely considered to be one of the world’s most efficient and transparent CIPs, combining extensive due diligence with efficiency, speed, affordability and reliability.

Those who invest in CBI gain second citizenship and visa-free or visa-on-arrival entry to over 140 destinations. Other benefits include alternative business prospects in a stable democracy and the ability to pass citizenship down for generations to come. Dominica’s currency is also pegged to the US dollar, providing economic stability to business-minded individuals.

Offering rapid relocation, with just 45-60 days application processing times, and the cheapest CBI cost at US$100,000 (along with Saint Lucia and Antigua & Barbuda), Dominica’s CBI programme is winning!