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.
The Residences at Secret Bay, a luxury resort in Dominica approved as a property investment by the country's world-leading Citizenship by Investment programme, has reported that 27% of its CBI contracts in 2020 came from African nationals. Industry experts forecast the number to rise to 35% in 2021 as Nigeria, the continent's fastest-growing market, continues to seek second citizenship.
The Residences at Secret Bay, Dominica’s only six-star, award-winning, all-villa resort has completed construction on four new villas and is concurrently launching its Phase 2 sales, remaining true to its commitment to offering new citizenship investors buy-in of a ready villa.
Extending the property investment options for Dominica’s world-leading Citizenship by Investment Programme to eight, the nation’s Government approves brand-new real estate development, Timbo’s Downtown, a boutique resort that’s anticipated to become a hotspot for business lodgings and luxury leisure in Dominica.
According to fDi’s Tourism locations of the future ranking for 2019/2020, the top 20 nations considered to be ripe for investment include eight countries that currently offer Citizenship or Residency by Investment programmes. Another reason to invest via citizenship or residency, perhaps?
With the aim of reassuring tourists, residents and potential citizens as to Caribbean island Dominica's safety, the Discover Dominica Authority has unveiled a Safe in Nature campaign, providing managed experiences within a travel bubble that comprises everything from accommodation and transport to spas, restaurants and activities.
While applications for Dominica’s Citizenship by Investment programme have slowed during Covid, there's been no slowdown in the construction of the island's CBI-approved developments – eco resorts and hotels – all of which have continued construction at pace despite the pandemic.