Discover your masterpiece.
“How sweet thy shores to reach, And find a welcome there…” – the Cayman Islands’ National Song
PROVENANCE
/prov·e·nance/
(noun) • The beginning of something’s existence, something’s origin. • A record of ownership of a work of art, used as a guide to authenticity or quality.
Provenance Properties is the signature real estate brokerage of Dart Real Estate in the Cayman Islands. In keeping with Dart Real Estate’s reputation for quality and service, Provenance Properties specialises in representing quality, luxury properties and delivering exceptional service to clients at every stage of the transaction process. The relationship with Dart Real Estate is artfully combined with another organisation renowned for quality, luxury and service – Christie’s International Real Estate. As the world’s foremost auction house, the Christie’s brand embodies the same characteristics of the real estate represented by Provenance Properties – one of a kind, intended to be owned by those who appreciate the finer things in life. Christie’s International Real Estate is an invitationonly affiliate network comprised of the world’s most proven and qualified real estate specialists in the luxury residential sector. Provenance Properties is proud to be one of these exclusive affiliates, joining more than 940 global offices in 49 countries. The Provenance Properties team of luxury sales specialists offers a richly diverse scope of expertise and experience. They are passionately committed to introducing the celebrated real estate, beaches, experiences and culture that make the Cayman Islands one of the best places in the world to own real estate. We look forward to introducing you to our portfolio of luxury properties and the Cayman Islands’ cosmopolitan lifestyle.
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“The beginning of a new lifestyle on Grand Cayman, one where residents enjoy all that this sun-drenched Caribbean island offers.”
THE TEAM
The definition of provenance goes beyond a record of ownership of a work of art. It also describes the beginning of something’s existence. At Provenance Properties, this means the beginning of a new lifestyle on Grand Cayman, one where residents enjoy all that this sun-drenched Caribbean island offers – ginclear waters, ivory sand beaches, bespoke residential properties, and a sophisticated island lifestyle where other like-minded individuals choose to enjoy a simpler way of life without compromising on convenience or service. The Provenance Properties sales specialists understand how to help clients achieve those lifestyle goals. They are travelled. Globally experienced. Locally minded. Fun-loving and in love with the Cayman Islands lifestyle, but serious about exceeding client expectations and producing results. This is the Provenance Properties team.
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“Architects of lifestyle. Shaping the way we live, work and play.”
Dart is a global organisation with headquarters in the Cayman Islands. The Dart portfolio of companies is owned by investor Ken Dart, and spans a range of industries including real estate development, hospitality, retail, entertainment and finance. Dart Real Estate is responsible for real estate development at Dart, creating places where people want to be and are inspired to live their best lives. Dart Real Estate has developed more than US$1.5 billion in mixed-use, residential, commercial, recreational, educational and hospitality properties throughout the Cayman Islands. Camana Bay, the developer’s signature property, is a 685-acre master-planned community which features a lively waterfront town blending modern urbanism and traditional Caribbean charm. The address for global head offices, a superlative range of restaurants, independent boutiques and residential properties, it is a testament to Dart Real Estate’s commitment to quality, thoughtful design and place making. In 2016, the company achieved a new milestone in its real estate portfolio with the opening of Kimpton Seafire Resort + Spa, and the adjacent Residences at Seafire. The AAA Five Diamond award-winning hotel and its neighbouring luxury condominium development firmly established Dart Real Estate as a leading lifestyle developer in the Cayman Islands. This milestone was followed in 2017 with the acquisition of The Ritz-Carlton, Grand Cayman, the standard bearer for excellence in the region for more than a decade. In late 2018, Dart announced plans to build OLEA, an iconic resort-residential waterfront community on Grand Cayman, located to the south of Camana Bay and adjacent to Cayman International School.
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“Art. Beauty. Provenance. The world’s most desired homes.”
There are 940 Christie’s offices in 49 countries, making Christie’s International Real Estate one of the world’s leading real estate companies. Tailored for real estate priced at US$1 million and above, Christie’s offers marketing programmes that provide a global showcase for distinguished properties. As well as being steeped in tradition, Christie’s is a leader in modern real estate marketing: • Monthly newsletters reaching high-net-worth clients who have expressed interest in real estate • PR, digital and social media campaigns result in billions of international impressions • Christie’s International Real Estate quarterly magazine and annual Luxury Edition distributed throughout the world, including fully translated magazine in mainland China • Direct mailings to clients and lifestyle booklets distributed throughout Christie’s network • Luxury Defined annual residential market piece and other thought leadership pieces • Syndicated columns in The Wall Street Journal, The New York Times, Financial Times, Mansion Global, PropGoLuxury, Zaobao and more Provenance Properties employs this suite of marketing services available exclusively through the Christie’s International Real Estate network to place our Cayman Islands listings on the world stage and in front of a qualified audience. Given the exclusive nature of the Christie’s affiliation, no other local real estate company can offer such direct exposure to qualified potential buyers. Our advertising and marketing platforms are designed to achieve maximum results across diverse marketing platforms.
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Dart Dart Real Estate is part of the Dart group of companies, the largest corporation in the Cayman Islands and one with a strong commitment to the prosperity of the country, a proven track record of development and robust development plans for the future. Complementary turnkey products and destination services provide an exceptional customer experience. Christie’s International Real Estate Exclusive Affiliate As the only real estate network owned by a fine art auction house, our relationship with Christie’s and its ultra-highnet-worth clientele is personal and genuine. CIREBA Provenance Properties is a member of CIREBA – Cayman Islands Real Estate Brokers Association – a professional association of real estate agencies in the Cayman Islands with the largest real estate portal in the country, thanks to its Cayman Islands Multiple Listing System. Listing Syndication Listings of US$1 million and higher are submitted to christiesrealestate.com and automatically syndicated to high-profile digital platforms such as The Wall Street Journal, Mansion Global, Country Life, The New York Times and more. Complimentary Staging and Professional Photography We have an in-house marketing team that provides professional staging advice, photography, videography and script writing to represent your property at its very best.
“As an exclusive affiliate of Christie’s International Real Estate, Provenance Properties is among the world’s leading real estate firms handling distinctive properties.”
WHY PROVENANCE PROPERTIES?
Professional Marketing Services Provenance Properties benefits from additional services provided by Dart Real Estate teams – including advertising, graphic design, social media and media buying – to ensure every property is effectively presented to prospective buyers. Proprietary Market Data We have created proprietary market research tools to provide insightful analysis of market trends and pricing. We use this data to help position your property at the right price. Fine Art Curating Services Properties sold at US$5 million or higher are offered a complimentary art curating consultation for their Cayman Islands residence from a Christie’s art specialist. Exclusive Merchant Benefits Purchasers receive preferred rates with a number of home design providers offering exclusive design, furniture and kitchenware packages. Passionate Commitment to Service and Results We love what we do and we are passionately committed to help you buy or sell your property quickly and at a competitive price.
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The Residences at Seafire is located on world-famous Seven Mile Beach on Grand Cayman and shares an expansive 12-acre site with Kimpton Seafire Resort + Spa. The boutique hotel brand’s first Caribbean resort was awarded the coveted AAA (American Automobile Association) Five Diamond rating.
Situated in one of Grand Cayman’s most sought-after and long-standing waterfront communities, North Creek at the Cayman Islands Yacht Club presents an increasingly rare opportunity to own property in the coveted Seven Mile Beach corridor. The North Creek community consists of 12 residential canalfront lots with direct access to a world-class marina boasting a convenient array of services and amenities.
“Creating meaningful connections and experiences that transcend bricks and mortar.”
DART REAL ESTATE PROJECTS
OLEA is a waterfront community in Grand Cayman, made up of condominiums, townhomes and duplexes located to the south of Camana Bay’s Town Centre. Adjacent to Cayman International School, it offers easy connectivity to the Town Centre and Seven Mile Beach. OLEA’s amenities include the Cayman Islands’ first lazy river, beautifully landscaped common areas, a resort-style pool and a fully equipped gym.
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“Dart Real Estate is confident in the long-term outlook of real estate in the Cayman Islands.�
LOOKING AHEAD
The Cayman Islands real estate market is enjoying strong performance across all product categories. A total of 827 properties sold in 2019, representing approximately US$638 million in sales. CIREBA reports that due to a limited supply in the prime Seven Mile Beach area, demand is growing for canalfront properties that provide views and water access, and availability of inventory may become a bigger issue than price. Dart Real Estate is confident in the long-term outlook of real estate in the Cayman Islands. The company has three projects in the pipeline to respond to market demand for real estate in the Seven Mile Beach corridor: phase two of The Residences at Seafire, a Four Seasons resort with private residences, and rental and ownership opportunities at Camana Bay.
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Tax Neutrality There are no income, property, corporate, capital gains or inheritance taxes in the Cayman Islands. A one-time stamp tax (land transfer fee) is applicable on real estate sales. Ease of Access The Cayman Islands is one of the closest Caribbean destinations to the United States mainland. Direct flights from Miami are just over one hour in length, and flights from New York City are three and a half hours. The Owen Roberts International Airport has just been completely renovated with capacity to welcome two million visitors annually. Those who prefer to travel via private jet charter will be greeted by Island Air’s exclusive Meet and Greet service. As Grand Cayman’s only Fixed Base Operator, Island Air has served the aviation community in the Cayman Islands since 1987, providing cost-effective and hasslefree aviation services for private and chartered aircraft travelling to and from the Cayman Islands. Infrastructure Modern infrastructure makes living in and visiting the Cayman Islands easy and convenient. There are three hospitals, 10 private schools including an international school with an International Baccalaureate programme, well-appointed and modern grocery stores, a developed road network and a variety of retail and professional services. Communication services are modern and readily available, making conducting business overseas a straightforward process.
“The Cayman Islands was rated by Forbes magazine as the world’s friendliest country.”
WHY OWN REAL ESTATE IN THE CAYMAN ISLANDS?
Lifestyle The Cayman Islands offers an enviable lifestyle with a superlative selection of fine dining venues, worldclass cultural and sporting events, a vibrant fine and performing arts scene and world-class beach and marine experiences – all within easy access on 22-mile-long Grand Cayman. The sister islands of Cayman Brac and Little Cayman provide a laidback, quiet Caribbean island experience that appeals to world-weary travellers and to those seeking a quiet respite from a hectic lifestyle. Friendly and safe The Cayman Islands was rated by Forbes magazine as the world’s friendliest country. Caymankind is about the entire experience of Caymanian culture and new residents can expect a warm welcome from a diverse, international population. Crime is among the lowest in the Caribbean and a modern, well-equipped police force exists. Property title The country’s Land Registry is a modern system, which makes the process simple and safe, and provides peace of mind to purchasers. Land ownership is registered with the Cayman Islands Government, which means there is no need for title insurance. Stability The Cayman Islands is led by a democratically elected government. As a British Overseas Territory, the country has a Governor permanently in residence to serve as the representative of the Monarch of the United Kingdom. Every home has a story. Write yours in the Cayman Islands. PROVENANCE PROPERTIES CAYMAN ISLANDS | 17
Direct flights from the Cayman Islands USA
Regional
Canada
Atlanta.........................2hr 40min Baltimore*................... 3hr 15min Boston*.......................3hr 55min Charlotte.....................2hr 50min Chicago*.....................3hr 50min Dallas*.........................3hr 30min Denver*.......................4hr 30min Detroit*........................3hr 40min Fort Lauderdale.......... 1hr 45min Houston......................2hr 50min Miami..........................1hr 20min Minneapolis*............... 4hr 35min Newark*......................3hr 50min New York.....................3hr 40min Philadelphia*............... 3hr 25min Tampa.........................1hr 40min Washington, Dulles*.....3hr 15min
Nassau, Bahamas........... 1hr 30min Cayman Brac................... 35min Havana, Cuba.................. 1hr Roatan, Honduras............ 1hr 10min La Ceiba, Honduras......... 1hr Kingston, Jamaica............ 55min Montego Bay, Jamaica..... 45min Little Cayman.................... 35min
Toronto.................. 3hr 54min
UK London.................. 11hr (Via Nassau)
*Seasonal flights
London Toronto
Boston Newark Chicago Philadelphia New York Washington, DC Baltimore
Minneapolis Denver
Detroit
Charlotte Dallas Ft. Worth Houston
Atlanta
Tampa Havana
Roatan La Ceiba
Ft. Lauderdale Miami Cayman Brac Little Cayman Montego Bay Kingston
At 22 miles long and three miles wide, Grand Cayman is perfectly proportioned and offers some of the most idyllic locations for real estate in the Caribbean. The Provenance Properties portfolio includes real estate in highly soughtafter locations including the Seven Mile Beach corridor and the more tranquil East End.
OUR PALETTE
N
A AYM
EC
L LITT
AN
M CAY
60 miles northeast of Grand Cayman
C
BRA
90 miles northeast of Grand Cayman
SEVEN MILE BEACH
WEST BAY
Salt Creek
Kimpton Seafire Resort + Spa The Residences at Seafire
North Creek
The Ritz-Carlton, Grand Cayman Beach Suites
GEORGE TOWN
George Town Hospital
Rum Point NORTH SIDE
Starfish Point
NORTH SOUND
Camana Bay OLEA
GRAND CAYMAN EAST END
Airport Doctors Hospital BODDEN TOWN
SOUTH SOUND
Health City Hospital
CARIBBEAN SEA
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+1.345.640.7000 | ProvenanceProperties.com Info@ProvenanceProperties.com
February 2020