CJ Invest, News, Real Estate News, Transactions

Another Record-Setting Caribbean Real Estate Sale

By: Caribbean Journal Staff

Caribbean home sales are setting records.

Whether it’s the all-time levels of residential sales volume in Turks and Caicos or the recent record-breaking deal in Cayman, the region’s real estate market is hotter than ever.

And now another record has been broken.

A villa at Dominica’s Secret Bay Resort in Dominica has set a new real estate sales record for the island, Caribbean Journal Invest has learned.

The villa at the Residences at Secret Bay sold for $7.1 million, the highest-ever home sale in the country.

dominica safe travels
Secret Bay in Dominica.

The clifftop villa is part of the broader Secret Bay residential component, which launched a few years ago.

Secret Bay operates under Dominica’s Citizenship by Investment program, which offers citizenship to those who invest in approved real estate on the island.

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

It’s part of a broader regional surge in the Caribbean that has a number of destinations seeing record prices.

That includes, for example, the recent sale of Grand Cayman’s Peninsula Estate, which had been listed for $17 million, a transaction handled by Provenance Properties.

caribbean home sale record
The Peninsula Estate in Cayman.

That’s in part due to an increase in demand for the safety and sanctuary of the Caribbean amid the increasing uncertain of the pandemic.

“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 said.

For more, visit The Residences at Secret Bay.

— CJI

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