Six eco-luxury villas are located on a peninsula that is bordered by two little beaches at Secret Bay, the most intimate, romantic, and indulgent resort on Dominica. The Residences at Secret Bay, Dominica’s premier project and the island’s only all-villa, six-star resort, recently announced that it had paid out more than U.S. $1 million in investor returns and now had more than 100 citizenship by investment (CBI) owners from all over the world.
The Residences at Secret Bay outperformed investors’ expectations, according to annual reports released by the internationally renowned CBI project, which is a component of the award-winning resort Secret Bay. Between the fourth quarter of 2019 and the second quarter of 2022, The Secret Bay published year-over-year results. In terms of CBI investor growth, return on investment (ROI) payout, total sales, ADR, and occupancy rate, along with resort employee growth, they have performed more satisfactorily than expected.
Additionally, the team completed the delivery of new villas and facilities on schedule. With this success and the sixth year in a row that Dominica has been named the “Best Nation for Citizenship by Investment in the World” by The Financial Times subsidiary Professional Wealth Management, Secret Bay is further cemented as the industry leader in CBI real estate investment prospects.
Here is a success report that gets more significant with every passing year.
- During the first quarter of 2021 and the second quarter of 2022, The Residences at Secret Bay saw an increase in investors, going from 41 to 103; a rise is 151%.
- In the middle of the fourth quarter of 2019 and the second quarter of 2022, a sum of U.S. $1 million in return on investment (ROI) was recorded, with an ROI of 3.6% on average. After additional adjustments for working days were made, the percentage increased by over 7%.
- In Secret Bay, the number of villas gets doubled between 2019 and 2022. There will probably be 28 villas by the end of 2024, an increase from the present number.
- The Residences broke the previous Dominica price record in 2021 by selling multi-villa compounds for the U.S. $7.2 million. Transactions other than CBI accounted for 36% of revenue.
- Operating occupancy at Secret Bay improved significantly from 58.9% on average in 2019 to 90% in 2022.
- One crucial component is the Average Daily Rate (ADR), which was $957 in 2019 but rose to over $1,000 in 2022.
- Between the third quarter of the year 2022 and the final quarter of the following year 2019, the number of employees climbed by 215%, from 33 to 104.
The Residences broke the previous Dominica price record in 2021 by selling multi-villa compounds for U.S. $7.2 million. Transactions other than CBI accounted for 36% of revenue.
Meanwhile, Gregor Nassief, CEO of GEMS Holdings Limited, which owns Secret Bay and the Residences at Secret Bay, declared that the better results than the previous year are evidence of the value proposition of Secret Bay from an investment perspective and pave the way for further expansion and financial success for our investors. He added, “We are incredibly thankful to our investors for their support of the hard work of our resort management and development team, which has helped Secret Bay achieve this level of success and growth in less than three(3) years. We are excited and optimistic about the future “.
Secret bay staff
Over the past three years, Secret Bay has not only had fantastic performance and growth but has also introduced several state-of-the-art amenities, including a renowned restaurant, spa, wellness pavilion, welcome house, lap pool, bar, and many others. In addition, Secret Bay has been given the go-ahead to construct numerous new amenities. Some of the most recent additions include a second restaurant and bar, artwork, a promenade, floating platforms, a funicular, a chef’s table, and E.V. charging stations. The management and proprietors of Hidden Bay will make all these characteristics public in the future year.
Secret Bay’s Gwiyavye’ Lap Pool and Bar
Throughout the past ten years, publications including Architectural Digest, CNN, Fortune, National Geographic, Outside, Travel & Leisure’s cover and The Telegraph have all praised the resort for its outstanding design, hospitality, and experience. Dominica’s most prominent location has been recognised twice in three years as one of Travel & Leisure’s top 500 hotels worldwide. It was also recognised as the top resort hotel in Bermuda, the Bahamas, and the Caribbean.
It is the first and only establishment in Dominica to be affiliated with the elite luxury brand Relais and Châteaux. International publications like Architectural Digest, Departures, New York Post, Luxury Magazine, Ocean Home Magazine, Robb Report, Wall Street Journal and Wealth Magazine have recently covered The Residences. These magazines acknowledged the exceptional offerings, most-wanted amenities, and second citizenship of the properties.
The U.S. and European markets, as well as informed travellers looking to experience the beauty of nature, are boosting the growth in the luxury eco-resort sector. This market could attract Dominica, raising investors’ interest in Secret Bay.