Friday, November 22, 2024

Jungle bay eco resort for Dominica CBI

Perched on an expansive 20-acre plot that used to be part of the Elrose estate that overlooks Scotts Head, the under-construction Jungle Bay Eco Resort will integrate some of the original artefacts into the property when it’s complete. The 60-villa property will boast and two of the Caribbean’s largest yoga studios and will provide full-time employment for at least one hundred citizens when complete.

After the original property in Delices was ravaged by tropical storm Erika in 2015, owner and developer of the resort, Sam Raphael, chronicled the various developments that facilitated the resort’s re-emergence, and was effusive toward the Citizenship By Investment (CBI) programme during the ground blessing ceremony in Soufriere on Sunday.

“We all have a vested interest in our island and our community, and whether we are batting or we are fielding, we are in the same game,” he charged. “We have a lot of opinions in this island, but sometimes we are short of facts. CBI is a gift to this island. I know some of us may have apprehensions, but as small island states we have challenges.”

The Honourable Denise Charles, parliamentary representative for the area, expressed gratitude to the CBI and developers as she spoke on the behalf of residents from the surrounding community. According to Charles, “The relocation of Jungle Bay is truly a blessing to us in Soufriere. I want us to take ownership of it and protect it like it is our own. We have to be the keepers of Jungle Bay. I congratulate Mr. Raphael, Oliver St. Jean and my men from the constituency for their work so far [on the property’s development].”

PM Skerrit praised the CBI programme and said that Jungle Bay was yet another example of the success of the programme and its impact on the country.

“CBI has proven to be an important source of non-tax revenue for Dominica. Because our country was so cash strapped, it was difficult to acquire loans, but look at what we’ve done since Erika, thanks to the CBI,” he said.

Source: http://cbiu.gov.dm/jungle-bay-eco-resort/

Jungle Bay Villas Broke Ground in December 2016. Currently Constructing First 10 Villas and Resort Facilities. Opening for Guests in 2018!  Jungle bay got CIP approval in May 2016.

  • May 2016 – CIP Approval
  • October to November 2016 – Land preparation
  • December 2016 – Ground breaking
  • January 2017 – Land clearing and road construction
  • February to April 2017 – Foundation for first 6 Villas and other facilities
  • May 2017 – Foundation for up to 10 Villas, Restaurant, Pool and Spa
  • June to September 2017 – Construction continues
  • September to October 2017 – Villa Show Suite opens
  • October 2017 to November 2018 – Construction of remaining Villas and facilities
  • December 2018 – 60 Villas open for guests

Prices start from $255,000 inclusive of all closing costs, transfer taxes, deed registration & legal fees.  Jungle Bay villas are sold as individually deeded real estate. Each purchase comes with a recorded title that includes 1,200 square feet of land with a 345 sq ft villa unit.

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Prabhu Balakrishnan
Prabhu Balakrishnan
Founder of Citizenship by Investment News. Chief Editor with over 15 years experience in PR and News publishing. He Loves writing about citizenship, residency and wealth migration. CIP Journal is a Leading publication founded in 2017 bringing latest news from CBI/RBI market.

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