Dominica Sees a Boom in Real Estate Financed by Investment Immigration Programme

222

Dominica’s government has committed to massive construction of residential and commercial property. Projects like Bellevue Chopin Housing are mushrooming across the island providing new investment opportunities to affluent migrants and participants of the Citizenship by Investment programme.

Located in Bellevue Chopin itself, the development is expecting completion by the end of this year. The project will encompass 353 units - both residential and commercial. Bellevue Chopin will also offer sports facilities like a football pitch and a basketball court.

East Coast Housing

East Coast Housing Project is another example of the island’s climate-resilient development at scale. In 2018, the Government of Dominica contracted with Montreal Management Consultants Est. (MMCE) to build houses along the island’s east coast. Each project encompasses two buildings with 33 units. The first building, Castle Bruce Housing, was handed over in September 2019. Another building, San Sauveur Housing, is expecting completion by the end of the year. 

Delices Housing, La Plaine Housing and Grand Fond Housing are also in their final construction stages. In Grand Fond Housing, the two buildings are located on the opposite sides making it the only project with edifices built in a distance from each other.

West Coast Housing

The latest project agreed upon by the MMCE and Dominica last year was the West Coast Housing Project that encompassed Georgetown Housing and Cotton Hill Housing. The latter comprised 68 housing units and nine buildings. The expected time of completion is the end of 2019 as well. Curiously, Cotton Hill is the only housing project with nine buildings located all parallel to one another.

Georgetown Housing has been developed in two phases: Phase 1 for residential units and Phase 2 for governmental units and offices. The 24 units of Phase 1 have been already presented to residents this September. At the opening ceremony, Prime Minister Roosevelt promised to ‘build more and give more’. Undoubtedly, this is a new milestone in Dominica’s development.

Astons is a leading global immigration advisory firm with offices in London, Moscow, Dubai, Cyprus and China and offers residency & citizenship investment solutions in the EU & the Caribbean. Astons is a committed and regulated Member of the Investment Migration Council (IMC), for EU & Caribbean investment immigration.  

For further information or to discuss your personal circumstances in a private consultation, please contact Astons at info@astons.com or call +44 207 292 2977.