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11 May, 2022

5 profitable real estate projects in the Caribbean in 2022

Residences at Secret Bay — a villa in a hotel in Dominica — is recognized as the most expensive housing on the island, according to the Wall Street Journal. The hotel is annually included in the lists of the best vacation destinations in the Caribbean. For example, in 2021, Secret Bay was ranked sixth in the Caribbean Resorts by Condé Nast Traveler.

The project is also in demand among investors who receive Dominica citizenship. We will tell you what attracts investors to the Secret Bay hotel and what other promising projects are in the Caribbean.

Caribbean Citizenship by Buying Real Estate
Photo: Adobe Stock

Investors buy property in the Caribbean to participate in citizenship investment programs, as well as to receive rental income, live or vacation on the islands at any time.

The yield of the Caribbean real estate is comparable to European and ranges from 2 to 5% per annum. At the same time, the management company is usually engaged in the maintenance and leasing of objects, so investors do not have to find tenants themselves and monitor the condition of the property.

Five profitable properties in the Caribbean

Dominica: share and villas at Secret Bay Five-Star Hotel
Cost — from $208,000 
Profitability — 3%

The hotel is located 50 meters from the Atlantic Ocean. For guests on its territory there are three secluded beaches, a spa-salon, an open-air restaurant, a swimming pool, a fitness center, a kids club, an art gallery and even a mini brewery. And among the tropical jungle, hiking trails are laid for walking and a sea cave is open for excursions.

Secret Bay is the only resort in Dominica to be Green Globe certified. It confirms respect for nature and the use of environmentally friendly materials.

Investors buy shares for an amount of $208,000 or objects in full ownership. The cost of the villa is from 1.5 to 3.8 million dollars. When the construction of the resort is completed, investors will begin to receive an income of 3% per annum.

In the summer of 2021, a foreign investor bought a country residence for $7.1 million. It was the most expensive property purchase in Dominica. In the spring of 2022, the owners of Secret Bay put up a new $10.3 million villa for sale. When the villa is sold, it will be a new record for real estate transactions on the island.

Citizenship of Dominica for the purchase of real estate

Secret Bay sits on a steep hill in Dominica

Citizenship of Dominica for the purchase of real estate

Rooms at Secret Bay Hotel are decorated in a minimalist style

Citizenship of Dominica for the purchase of real estate

Each villa has a terrace with scenic views of Dominica’s natural environment and the Atlantic Ocean

Grenada: share or apartment on campus
Cost — from $220,000
Profitability — up to 5%

A modern university complex will appear in Hartman Bay. St. George's University is 2 km away and is considered one of the best universities in the Caribbean.

The campus will include a campus for students, a hotel, shopping, sports and entertainment centers. The construction of the first facility will be completed in 2022, the entire complex is planned to be built in 10 years.

Investors are invited to buy an apartment of 60 m² in shared or full ownership. The developer also provides property management services: selling, leasing and maintaining premises.

Citizenship of Grenada for the purchase of real estate

This is what a university campus in Grenada will look like

Citizenship of Grenada for the purchase of real estate

The architecture of the campus buildings was designed with Dominica’s nature in mind

Citizenship of Grenada for the purchase of real estate

For students and guests of the campus, places for recreation will be equipped: terraces, parks, street cafes

Saint Kitts and Nevis: condominiums in a hotel complex
Cost — from $200,000
Profitability — up to 3%

The complex is located on the island of St. Kitts and has been welcoming guests since 1983. The hotel has several swimming pools and a private beach. Rooms offer scenic views of the Caribbean Sea, mountains, lake or garden.

Investors can purchase hotel apartments and commercial real estate in shared and full ownership. This project involves the renovation of condominiums and the infrastructure of the complex.

Citizenship of Saint Kitts and Nevis for the purchase of real estate

The hotel complex is located in Frigate Bay, not far from the capital of St. Kitts and Nevis – the city of Baster

Citizenship of Saint Kitts and Nevis for the purchase of real estate

A café, a gym, swimming pools were built on the territory of the complex

Citizenship of Saint Kitts and Nevis for the purchase of real estate

If the investor buys apartments with full ownership, he can live in there at any time

Saint Lucia: apartments in a hotel complex
Cost — from $318,000
Profitability — 2-5% per annum

The complex is located in the resort of Vieux Fort. It is the second-largest city in Saint Lucia and the administrative center of the district of the same name. On the territory of Vieux Fort there is an international airport, a seaport and the largest fishing fleet in the country.

An area equal to three residential areas was allocated for the construction of a new resort. The facility is scheduled to be commissioned at the end of 2022. In addition to hotels, important tourist facilities for Saint Lucia will be built in the resort:

  • cruise ship terminal with home ports;
  • marinas and moorings for yachts of various sizes;
  • hippodrome and stables;
  • school of tourism and hospitality;
  • business centers with a free trade zone;
  • shopping and entertainment centers.

Investors can buy apartments, duplexes or commercial premises for retail. Retail space, offices, restaurants and cafés, fitness and spa centers will be opened on the territory of the complex.

Citizenship of Saint Lucia for the purchase of real estate

The new resort is located in the south of the island of St. Lucia, 100 meters from the coast of the Atlantic Ocean

Citizenship of Saint Lucia for the purchase of real estate

The exterior of the future hotel in St. Lucia will blend in harmoniously with the tropical nature. Fashion boutiques, sports bars and offices of travel companies will open on the territory

Citizenship of Saint Lucia for the purchase of real estate

The interior of the apartments and duplexes will combine modern, Scandinavian and minimalist styles

Antigua and Barbuda: hotel apartments by the sea
Cost — from $200,000
Profitability — up to 4%

The project is a boutique hotel where investors can buy apartments in fractional ownership. The construction of the hotel began in the first quarter of 2021. The planned commissioning date is the end of 2022.

The hotel will have 40 rooms, a bar and lounge area, an à la carte restaurant, a spa and a communal pool.

Citizenship of Antigua and Barbuda for the purchase of real estate

The boutique hotel is located in Half Moon Bay and next to the beach of the same name – the most picturesque wild beach in the southeast of Antigua

Citizenship of Antigua and Barbuda by real estate investment

The hotel rooms are designed as duplexes with access to the roof garden and plunge pool.

What will an investor get by buying property in the Caribbean

Caribbean citizenship for the whole family. Five Caribbean countries offer foreigners to obtain citizenship by investment. To obtain a passport, an investor invests in the economy: makes a non-refundable contribution, invests in a business, buys real estate or securities.

The option to buy real estate is one of the most popular. For example, 66% of participants in the Grenada citizenship program invested in real estate projects in order to obtain a passport in the first quarter of 2022.

Together with the investor, his family can participate in the program: spouse, children, parents, grandparents, brothers and sisters. 

Caribbean countries with investment programs

CountriesReal estate investment
Saint Kitts and NevisFrom $175,000
DominicaFrom $200,000
Antigua and BarbudaFrom $200,000
GrenadaFrom $220,000
Saint LuciaFrom $300,000

Free travel to over 140 countries. Passports of the Caribbean countries make it possible to visit the Schengen countries, Great Britain, Singapore. And with a Grenada or Dominica passport, you can go to China for 30 days.

The opportunity to teach children in the best British universities. All five countries are members of the Commonwealth of Nations, so their citizens can study at British universities on preferential terms.

US tourist visa for 10 years. Citizens of Saint Kitts and Nevis, Grenada, Antigua and Barbuda, Dominica and Saint Lucia receive US tourist visas for 10 years under a simplified procedure.

Citizenship of Grenada also allows the investor to obtain an E-2 business visa in the United States. This is a non-immigrant visa, but it allows you to freely enter the states, study and conduct business.

Immigrant Invest is a licensed agent for citizenship investment programs in the Caribbean. If you want to get a Caribbean passport for the purchase of real estate, please contact the investment program experts for advice.

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5 profitable real estate projects in the Caribbean in 2022