Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Record Tourism Numbers Lead to Increased Grand Cayman Real Estate Activity
  • USA - English


News provided by

Dart Real Estate

May 02, 2018, 10:00 ET

Share this article

Share toX

Share this article

Share toX

Kimpton Seafire Resort + Spa and The Residences at Seafire on Seven Mile Beach, Grand Cayman
Kimpton Seafire Resort + Spa and The Residences at Seafire on Seven Mile Beach, Grand Cayman

(PRWEB) May 02, 2018 -- With increasing stay-over tourism numbers to the Cayman Islands, experts in the local real estate industry say the jurisdiction is poised to reap the rewards.

The tri-island Caribbean nation recorded its best stay-over visitation figures yet in 2017 with 418,403 stayover visitors, a record-breaking increase of nearly nine percent over 2016.

Last year’s storms brought an influx of people who were previously unfamiliar with Grand Cayman, but this has led to more sales as they have fallen in love with the island and are keen to make here their second home

Post this

Real estate numbers have risen in kind. An increase in the value of sales hit a record best of CI$679 million in 2017 - a nine per cent increase from the year before, according to the most recent property report by Cayman Islands-based independent property consultants, Charterland.

Experts point to the broader visitation picture as a driver of real estate, which they say is reflective of the increased tourism numbers. Ian Jameson, Head of Property and Banking Finance at Cayman Islands law firm Solomon Harris agreed visitation can convert to real estate sales. “Many of my clients who decide to buy here tell me that they first came over as tourists staying in local hotels three or four times before deciding that they would like to live in Grand Cayman,” he says.

Growth in air-travel can also be attributed to the introduction of more non-stop flights from key North American gateways like Dallas, and a Kimpton hotel clientele attracted to the island by their loyalty to the brand about its first luxury property - the Kimpton Seafire Resort + Spa and the adjacent units for sale, The Residences at Seafire.

Realtors also note the increase in visitation can be partially attributed to an active 2017 hurricane season which left Grand Cayman untouched. “Last year’s storms brought an influx of people who were previously unfamiliar with Grand Cayman, but this has led to more sales as they have fallen in love with the island and are keen to make here their second home,” says Ruth Gustafsson, Associate Broker for Provenance Properties Cayman Islands the local Christie’s International Real Estate affiliate.

A popular tourist destination, Seven Mile Beach remains the area of choice for real estate sales due to the number of Grand Cayman luxury properties available for sale, according to the Charterland report. Data showed 130 beachfront condominiums sold on Seven Mile Beach last year, a 20 percent jump from 2016 purchases. “Sales are robust for luxury product and Seven Mile Beach is always an area of interest,” said Ms. Gustafsson. “Resort-residential product like The Residences at Seafire and The Ritz-Carlton, Grand Cayman are always popular. We’ve also seen this interest extend past the Seven Mile Beach corridor inland to canal-front developments and luxury single-family homes across the island.”

For more information on Grand Cayman luxury beachfront properties for sale, such as The Residences at Seafire which offers one to five bedroom residences for sale starting from US$1.5 million, visit http://www.provenanceproperties.com

ABOUT PROVENANCE PROPERTIES CAYMAN ISLANDS

Provenance Properties is the exclusive Cayman Islands Christie’s International Real Estate affiliate, the sole real estate brokerage for Dart Real Estate and a member of the Cayman Islands Real Estate Brokers Association (CIREBA).

Provenance provides singular access to a large and growing portfolio of private residences, condominiums, hotel residences and land in the Cayman Islands. Provenance is your gateway to the community that embraces all the Dart places have to offer, inclusive of special event invitations, custom and experiences. In addition to premium entry to the Cayman Islands most desirable properties, Provenance leverages the experience and reputation of the region’s premier real estate developer.

For more information, visit provenanceproperties.com, keep up with the latest information on Facebook and follow us on Twitter and Instagram.

ABOUT THE RESIDENCES AT SEAFIRE

The Residences at Seafire is a waterfront 10-storey architectural gem on Grand Cayman in the Cayman Islands. Developed by Dart Real Estate, it houses a collection of 62 distinct residences which marry contemporary Caribbean style with high-design. The Residences are exclusively represented by Provenance Properties Cayman Islands, the Cayman Islands Christie’s International Real Estate affiliate.

The Residences feature diverse floorplans to suit every taste and family – from ultra-chic studios to stately five bedroom residences. Characterised by ample outdoor living space and direct entry into an open living area, many of The Residences at Seafire showcase stunning sea-to-sea views of both Seven Mile Beach and the North Sound, a rarity in Grand Cayman real estate.

Located adjacent to the Kimpton Seafire Resort + Spa, the first resort to open on Grand Cayman’s Seven Mile beach in over a decade, owners at The Residences will enjoy thoughtful amenities which include, The Spa at Seafire, a state of the art fitness centre, a choice a cascasding ocean-view pool or a private residents only pool and three signature restaurants: a beachside bar and grill, a lively main restaurant with unparalleled panoramic views, and a signature restaurant serving Spanish Tapas with an exclusive Chef's Table.

For more information, visit seafireresidencescayman.com and follow along on Twitter and Instagram.

Tammi Sulliman, Dart Real Estate, +1345 3255537, [email protected]

Modal title

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.