The Cayman Islands Are the New Crown Jewel of the Caribbean—See Why
When Ken Dart—owner of Dart Realty, one of the Cayman Islands’ most successful developers—arrived on Grand Cayman in the 1980s, he was struck by the beauty of the location.
But the financial-services infrastructure and the straightforward land-registry system persuaded him to locate his global headquarters there. To attract top talent, however, the community needed a cohesive urban center. “That was the vision behind the town of Camana Bay,” says Dart Realty president Jackie Doak. The mixed-use, waterfront development on Grand Cayman’s North Sound is one of the first of its kind in the Caribbean. Camana Bay (camanabay.com), which combines residential, commercial, retail, and entertainment spaces with a state-of-the-art school, has quickly become the heart of day-to-day life on the island.
Demand for luxury residences on Grand Cayman has been spurred in recent years by the sophisticated amenities present at Camana Bay, as well as by the lack of restrictions on foreign ownership and the absence of property taxes. In addition to the Residences at Seafire (seafireresidencescayman.com), would-be owners might consider Salt Creek (saltcreek.ky), a newly launched development featuring large waterfront lots and separate carriage houses.
Still, the island’s emphasis on family remains the primary draw. “The definition of luxury has changed,” says David Seerman, vice president of sales at Dart Realty. “People don’t ask about finishes and fixtures; they want to know about experiences and what they can do with their families while they are here. Quality time together is more valuable than anything else.”