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New Developments in the Cayman Islands

In today’s robust real estate market, developers are capitalizing on the high demand for properties by introducing exciting and luxurious developments across various regions of the islands. Whether you’re seeking beachfront bliss or urban convenience, there’s a Cayman development to suit your lifestyle and investment needs. Here’s a comprehensive overview of some of the latest developments as of September 2023:

Seven Mile Beach – The Epitome of Luxury

Grand Hyatt Residences: Nestled on Pageant Beach, George Town, which is the gateway to Seven Mile Beach, the 10-story Grand Hyatt Residences is currently under construction. This remarkable development boasts 351 rooms, 167 residential units, and an array of amenities, including five restaurants, a sandy ocean lagoon, and a world-class spa and fitness facility. Units range from studios to three-bedroom units, with prices spanning from US$643,000 to US$7.1 million.

The Watermark: Positioned between Avalon and Harbour Heights, The Watermark is a 54-unit development offering resort-style living. With 90% of units already sold, a limited number of three and four-bedroom units are available, priced from US$8.7 million to US$22 million.

Lacovia: After a period of uncertainty, Lacovia’s redevelopment is back on track, offering contemporary three-to-five-bedroom units with luxury appliances and bespoke finishes. Several new units are set to hit the market in June 2023.

Aqua Bay: Crafted by renowned luxury resort condominium developers, The Butler Group, Aqua Bay offers a 90-ft wide beachfront, a stunning waterfall-edge pool, a private beach, fitness center, oceanfront lounge, and on-site undercover parking for each villa.

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Watermark on Seven Mile Beach

Seven Mile Beach Corridor – A Wealth of Options

Prisma: This Crystal Harbour development received conditional approval for 58 apartments, 20 townhouses, five duplexes, a restaurant, a two-storey parking garage, and 20 pools. It now includes a canal extension, promising a luxurious living experience.

ONE Canal Point: Situated on 5 acres with direct boat access to North Sound, ONE Canal Point is a family-friendly community featuring various amenities, from a children’s playground to an adults-only pool. Prices start between US$1-3 million.

The Grove Too: An extension of the popular The Grove development, The Grove Too offers investment opportunities for Class A retail, commercial, and upmarket residences along Seven Mile Beach.

Lotus at Canal Point: Baraud Development introduces Lotus at Canal Point, an intimate Zen-inspired community of 20 luxury townhouses, which is now completely sold out.

West Bay – An Oasis of Possibilities

Blue Palms: This development features eight three-to-four-bedroom homes with rooftop terraces, offering a unique living experience. Construction is already underway.

The Sands: Located near Centennial Towers, The Sands comprises six-unit residences with breathtaking ocean views, each featuring a rooftop terrace with a pool, private cabanas, and lounge area.

Serrana: Pre-selling is underway for Serrana, an ultra-modern, low-density development with 18 residences, each boasting panoramic ocean views. Prices start from CI$3 million.

SeaDreams: This luxurious eight-unit oceanfront boutique complex on North West Point Road offers residents large living spaces, fantastic views, and amenities including a pool and BBQ area.

Salt Air Townhomes: A great opportunity to own a new pre-construction townhome in the pet-friendly, gated neighborhood of The Shores.

The Meadows at Batabano: Combining old Caymanian design with modern facilities, The Meadows offers 1 to 3-bedroom units in a unique island living experience.

Oceans 9: A community of nine detached four-bedroom oceanfront homes within a gated community, catering to owner-occupiers seeking spacious units.

Point West: Developed by the same team behind ONE Canal Point, Point West will feature 32 oceanfront units and luxury amenities, including a dive academy and full-service restaurant.

Sunset Point: Nestled on almost 3.5 acres with over 460 feet of stunning waterfront, Sunset Point offers a variety of 1-bed/1.5-bath and oversized 2-bed/2.5-bath and 3-bed/3-bath units.

Annie’s Retreat Villas: This modestly priced boutique private residential development offers only 10 villas, situated just off Northwest Point Rd.

Secret Beach: Located off Sonny Powery’s Drive, Secret Beach is a tranquil luxury retreat with 27 units in a modern building with contemporary architecture.

Dolphin Point Club: An eco-friendly development featuring 40 open-plan residences with world-class diving and a range of amenities.

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Olea in Camana Bay

Camana Bay – A Hub of Convenience

OLEA: Located south of Camana Bay’s Town Centre, OLEA offers a wealth of amenities, including the Island’s first lazy river, a resort-style pool, a waterfront boardwalk, and a fully equipped gym.

Kapok: A 10-story, for-lease residential building located near Camana Bay’s north end, offering 89 residences ranging from studios to three-bedroom units.

George Town – A Growing Hub of Activity

ONE|GT: Breaking ground on a CI$120 million development project, ONE|GT will include a 175-suite hotel and residences with a rooftop bar, restaurant, and piazza. Pre-construction pricing starts at CI$489,000 for a one-bedroom unit.

Urban Flats: Located in George Town, Urban Flats offers a minimalistic and functional design with private balconies and garden views. Construction is underway and expected to be completed by June 2024.

Downtown Reach: This sought-after property, developed in 2021, offers apartments and townhouses just 1.5 miles from George Town, schools, and the grocery store. Shared amenities include a pool, cabana, and gym.

The Bentley: Nearing completion and conveniently located near the airport, The Bentley features two and three-bedroom townhouses within a fully gated community.

Catalina Bay: Offering ocean-front living adjacent to the airport and The Barcadere Marina, Catalina Bay provides 800ft of sea frontage and three-bedroom units starting from US$1.6 million.

Kailani: Scheduled for completion in 2023, Kailani is Cayman’s first luxury wellness and business boutique hotel, featuring one and three-bedroom suites ranging from US$595,000 to US$5 million.

RIA: Located off Linford Pierson Highway, RIA is a gated community with a mix of 42 condos and apartments, expected to be completed in 2025.

South Sound – A Developer’s Delight

Bahia: Developed by Davenport Development, Bahia is sold out and offers resort-style amenities, including open roof terraces, training and resort pools, tennis courts, yoga studios, and more.

The Mantras: Recently completed, The Mantras consists of 50 two-and-three-bedroom units.

Q: A new gated community in South Sound comprising 22 two-bedroom townhouses.

Karma Seaview: An eight-unit development with rooftop terraces, now offering units for sale.

The South Sound Collection: Designed for decadent exclusivity, this development offers four-bedroom, five-bath townhouses with private rooftop terraces and unobstructed waterfront views.

South Bay Residences: Palmyra Developments’ South Bay Residences offer spacious waterfront living with luxury amenities in a lush, landscaped setting.

Indigo Bay: Phase 1 is now complete at Indigo Bay, featuring 29 ocean-view villas with communal amenities including a private dock and gazebo, pet-friendly park, roof-top patios, a jacuzzi, and a multi-purpose community center. Pricing ranges from US$890,000 to US$2 million.

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Arvia in Grand Harbour

Privé by Baraud Development: This development comprises 36 townhouses and 16 homes nestled within a 6-acre South Sound site, with an on-site water park.

Grand Harbour & Tropical Gardens – Affordable Luxury

Allure: Located in Tropical Gardens, Allure offers high-quality canal-front living with 13 two- and three-bedroom townhomes.

Paraiso: Built by Smith Development on the serene banks of the North Sound, Paraiso offers indoor/outdoor living and individual boat docks. Resales are available starting at US$1.1 million.

Arvia: A gated canal-front complex with 96 condos, Arvia offers luxurious amenities and a convenient location near Grand Harbour.

Aura: A 2022 development with a 60-diameter circular pool, 75-foot lap pool, lush gardens, gym, secluded cove, 120’ private dock, outdoor BBQ, and kids play area. Unit sale prices range between CI$995,000 to CI$1,353,000.

Grand Palmyra: This gated community offers modern, high-quality, smart homes starting at CI$900,000. Residents have access to a shared pool, garden, and seating area, with Harbour Walk Plaza nearby.

Harbour Walk Residences: Completed in 2023, Harbour Walk Residences offers European-style suites with various floorplans, starting from CI$385,000 to CI$700,000.

Eastern Districts – Exploring New Frontiers

The Lagoons: Located on Omega Drive in Prospect, The Lagoons offers high-quality canal-front living with 13 two- and three-bedroom townhomes.

Jaz: Also located in the same vicinity on Poindexter Road, Jaz offers a gated, modern design development with one-, two-, and three-bedroom options in the pre-construction phase.

North Side – Silver Reef Residences: Offering 12 three-bedroom beachfront condos with resort-style amenities, including yoga platforms, a zen garden, and a heated saltwater pool. Pricing starts from CI$879,000.

Beach Groves: Set to begin construction in 2023, Beach Groves is a sustainable project in alignment with Leadership in Energy and Environmental Design (LEED) principles. Located in Pease Bay, it offers 2- and 3-bedroom beach view/front condos with prices ranging from CI$861,000 to CI$1,945,860.

The Residences at Mandarin Oriental: Located in Savannah, this development features 67 acres of private beach and tropical forests. These luxury condominiums range from CI$4,801,428 to CI$23 million.

East End – Ocean Vista: A mile away from Health City, Ocean Vista is now selling Phase III, offering two- and three-bedroom units with modern finishes starting at CI$420,000.

Tradewind Villas: In the pre-construction phase and already 75% sold, Tradewind Villas is located in beautiful Colliers and offers one- and two-bedroom units with high ceilings, large sliding doors, and ground floor elevation starting at 10-11ft above sea-level.

To wrap up, the Cayman Islands continue to offer a diverse range of residential developments, catering to various preferences and lifestyles. Whether you’re seeking beachfront luxury, urban convenience, or tranquility, the Cayman Islands have something to offer every investor and homeowner. For the most up-to-date information, complete the inquiry form below.

This article was written with the assistance of AI driven insights and prompted by Fevi Yu, Our Web Administrator and Content Manager.  It was edited by Editor and resident of the Cayman Islands. All articles have been checked to ensure the information provided is accurate, most of our sources are Cayman government websites, Cayman Orgs or Associations.  For additional information please email

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