Stunning Eco resort set in the beautiful area of Mourne Acouma in Dominica. This fantastic hotel resort has a proven ten-year track record of operating successfully between 2005 and 2015, and closed for renovation in 2015. It’s one of very few government-approved real estate projects in Dominica and, in our opinion is a perfect choice for citizenship investment.
Unlike many of the Caribbean projects, investors can buy a whole unit in this development rather than a share. Each eco friendly cabin offers a blissful retreat for those looking to relax and unwind. The units will be 32m2 in size located on a 92m2 plot with the full renovations due to complete by the end of 2018. There are 60 units in total and the resort will have a number of facilities to offer, including:
- Restaurant and Bar
- Lounge area
- Yoga pavilions
- Communal swimming pools.
- Water sports and hiking trips
- Beautiful gardens
The project offers a great rental return scheme whereby 30% of the resort’s gross profit will be equally divided amongst all owners each year. Below is an example of the expected returns…
- 70% occupancy rate roughly equates to $11,000 – $12,000 ROI per annum;
- 50% occupancy rate roughly equates to $8,000 ROI per annum;
The title deeds will be registered in the owners name and it is possible to use the unit for personal usage for free, for up to 1 week per year. If investors would like to use the property for longer than this, they will receive a 20% discount off the usual rates.
Through purchasing one unit, it will be possible for the whole family to be included on the application – primary investor, spouse. For Dominica’s citizenship scheme you only need to retain your real estate investment for a minimum of 3 years but you can hold it for longer if you choose. Passport issued in less than 3 months from date of application.
An approved real estate investment of a minimum of €220,000 will enable one to obtain a Dominican Passport in just 3 -4 month. For more details and advice, please contact our team today.