Cayman Real Estate Blog

‘Oh the times they are a-changin’!  Well, at least in many of the British Crown Dependencies. Opening Up Recently the Isle of Man, Jersey and Guernsey announced that they intended to open up on just who the true owners of companies are in their territories. This decision would disclose information on the beneficial ownership in…

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Okay its no secret; a tourist destination like the Cayman Islands needs to have a properly run airport. Successful Air Travel Needed The success or failure of the tourism industry and the national economy of the island is largely connected to successful air travel, and the smooth flow of commerce through the skies, and facilities…

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DART has been busy bolstering their real estate holdings in the Cayman Islands. Another Hotel for DART Recently it was announced that DART have entered into a contract to purchase the Comfort Suites on 7 Mile Beach. The hotel, which is owned by Seven Mile Suites Ltd., is right in the heart of the beach,…

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Changing Grand Cayman’s Skyline The Dart group is seeking to change the skyline of Grand Cayman forever. Their plan? To reach for the skies with a five star resort skyscraper that would be recognized the world over – harkening comparisons to what the Burj Khalifa did for Dubai. They content that this level of a…

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Take heed this summer on the roads and beaches people, there are Caymanians hard at work! Massive Turnout for NiCE Program Nearly 500 local citizens have been out in droves as the NiCE program rolled out for the summer. NiCE, or the National Community Enhancement clean-up program, recently began various efforts along the nation’s beaches…

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Property Development Property development in the Cayman Islands has been moving at a fevered clip lately, as anyone who spends any length of time here can clearly see. This booming building activity has increased even more lately as property developers are rushing to get approval for the projects in the wake of the announcement that…

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Those of you who’ve spent any length of time in Cayman have eventually run into it. It starts as a creeping odor as you drive up certain parts of the coast. You encounter it walking on the beaches. It inundates and chokes out access points to our normally crystal clear Caribbean waters. It’s called Sargassum.…

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Well that sure didn’t last long did it… Recently United States President Donald Trump decided to instill a ban on all cruise ship traffic to the communist country of Cuba from the United States. This decision, already in place and being enforced as I pen this, affects hundreds of thousands of cruise ship passengers and…

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History was made recently in the Cayman Islands as a controversial cruise port petition was formally submitted to the Elections Office. The petition demands that there be a people’s vote for the massive civic effort being proposed in the territory’s capitol harbour. This marks the first time in Cayman’s history that citizens have attempted to…

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Article Snapshot According to OfReg CEO Alee Fa’amoe, a staggering number of Cayman’s communications providers failed to provide information required by the Utility Competition and Regulation Office (OfReg) for a 2018 investigation. To ensure that these companies do not go unchecked, the OfReg is asking the government to provide them with the power to obtain…

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Article Snapshot The Cruise Port Referendum isn’t slowing down. Campaigners are fighting tooth and nail to obtain the remaining signatures necessary to achieve a people-initiated referendum on the proposed cruise berthing facility. Cruise Port Referendum Cayman announced on Tuesday that over 90% of the required petition signatures necessary to trigger a public vote have been…

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Article Snapshot The Dart Group recently announced that East End will soon be home to a one-of-a-kind eco-resort. The 10-acre property will feature 89 cottages at Barefoot Beach. According to a Dart spokesperson, “Dart is leasing a portion of its property at Barefoot Beach to [a] third party tenant, consisting in part of the NCB…

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Article Snapshot In the first three months of 2019, the Cayman Islands saw 145,804 stayover visitors – an 8.67% increase from the same period in 2018. The estimated visitor spend for the first quarter period was $235 million. Cruise ship passengers decreased slightly from 671,935 in the first quarter of 2018 to 641,045 in 2019.…

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Article Snapshot Construction began late last week on OLEA, Camana Bay’s first for-sale residential community. Over 50% of the properties have already been sold. Construction is on the units is expected to be finished in a little over a year. Prices range from $600,000USD to $2 million. When completed, it will feature 124 residences, a…

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Article Snapshot A controversial dispute between Vista Del Mar Developments Ltd. and two property owners (Janet Francis and Dwight Clarke) was resolved last week after over 6 years of court proceedings. Vista Del Mar contracts state that all property purchasers must build residences on their lots within a given amount of time. The owners purchased…

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Article Snapshot: The government has signed a contract with Tech City Cayman Islands Ltd. (also known as TechCayman) requiring the company to provide hundreds of Caymanian tech-related jobs. In turn, the government has agreed to provide the company with expedited permitting and licensing processes as well as infrastructure investments. The contract states that TechCayman will…

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Article Snapshot: Numbers don’t lie: a record-breaking 16,326 companies were formed in Cayman last year, pushing the total number of active companies to 107,309 at the end of 2018. Recently released statistics from the General Registry state that the number of registered companies has been growing steadily since the end of 2017. In March of…

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Article Snapshot Dart has plans to build an “iconic” skyscraper in Camana Bay, but only if a change in planning and zoning strategy is approved. According to Dart, the skyscraper will rival some of the most famous buildings in the world and will become a must-see tourist attraction. Jackie Doak, president of Dart Real Estate,…

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Article Snapshot The request to obtain a costal works license submitted by Handel Whittaker, owner of Calico Jack’s on Seven Mile Beach, has been deemed “not acceptable” by Tara Rivers, representative for West Bay South. The proposal requires the removal of 180,000 square feet of turtle grass from an undeveloped beach in Barkers, as well…

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Article Snapshot Cayman Island Airports Authority is in search of suitable contractors for the Owen Roberts runway extension. The project will strengthen the runway and extend it 900 feet; the new runway will measure just under 8,000 feet in length. The runway extension was left out of the original airport expansion plan. It is estimated…

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