Cover Story
Cover Story
Naguib continues “I like the CBI program
because I think it could be very good thing for
Grenada as the island has a small population,
but a good passport, that accesses many
countries.
Beach Villas at SilverSands currently sell for
“
27 million usd for a similar property so we are
still very competitively priced.
“However we are not under any pressure to
sell the Villas as we do rent them for $16,000
USD per night. So if we rent out a villa for 3
months in a year that is already a return on
As an investor this is exactly what we want - A
friendly government that is supportive and not
bureaucratic but a Government with integrity and I
must say this government has all of that!
“
around $14 million usd and the hillside villas
go for around $8 million usd.
Each villa sits on a land size of around
27,000 sq ft and are sold as freehold
properties. “We could have easily built 2 villas
on the same plot size and further more if you
look at the other islands and compare a like
for like product with us, then you are looking
at spending somewhere in the region of $25-
investment of around 6%. So buying one on
our villas represents a very smart investment
as the dollar only gives 2% return, but if you
put it into our rental program we can deliver
anywhere up to around 10 % ROI.
“Silversands have opted to develop their own
management company that runs the hotel and
are certified as one of The Leading Hotels of
the World.
A fine-dining restaurant open daily for dinner, Asiatique integrates Asian cooking methods with Grenadian
spices and local ingredients.
Enjoy the night in Puro, with pure rums and fine cigars
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Citizen Grenada
Citizen Grenada
Citizen
Citizen Grenada
Grenada
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