A Comprehensive Guide to new Developments in the Cayman Islands.  All MLS listings of New developments are included on this page — including the newest developments to be build like;  Mandarin Oriental, Lacovia Redevelopment, Aqua Bay Redevelopment, Grand Hyatt and more. 

New Developments for Sale in the Cayman Islands

Comprehensive List of Available New Developments For Sale in Grand Cayman

New Developments in the Cayman Islands

After two record-breaking years of unprecedented sales, the Cayman Islands real estate market remains strong and attractive to property investors.

Despite speculations of an expected slowdown in the property sector due to worldwide inflation, industry professionals are confident that Cayman real estate will continue to push back and appreciate — especially since it has proven itself to be more resilient than its global counterparts.

Demand for inventory continues to exceed supply, paving the way for exciting new property developments that are currently in different stages of planning, construction, and completion.

Seven Mile Beach

The Grand Hyatt Grand Cayman Hotel and Residences on the southern end of Seven Mile Beach is a much anticipated addition to the exclusive roster of luxury abodes on this iconic strip. Currently under construction, its 351 rooms includes 167 premium residential units that have been selling remarkably well and at great value. Available in studio suites and one-, two-, and three-bedroom layouts with access to the hotel’s five-star amenities such as on-site restaurants and bars, a sandy ocean lagoon, swimming pools, boutique shops, plus a world-class spa and fitness facility. Grand Hyatt also offers an attractive voluntary rental program which allows unit owners to rent out their residences to hotel guests when not in use.

Meanwhile, conveniently located along the coastline between George Town and Seven Mile Beach is Kailani, a Curio Collection by Hilton hotel. The beachfront hotel features 80 suites, ranging from one to three bedrooms, which are also available to purchase. Developed by the NCB Group, this luxury boutique property is distinct for its signature programs for wellness and sustainability, which supports the holistic wellbeing of its residents and guests. With construction moving along at a steady pace, it is expected to open in 2023 and offers one of the lowest prices per square foot for a three-bedroom executive condo or penthouse beachfront property in this area.

Another modern boutique-style property is Seacrest, a 10-storey condominium on the West Bay Beach area.  With only two spacious residential units per floor, each owner is assured of a corner unit with breathtaking 360-degree island views. Seacrest offers four different floor plans, each with three bedrooms and a private terrace. Owners may also rent out their condo unit on a daily or long-term basis when not in use, a privilege not readily available in many luxury residences.

Targeted for completion in late 2023, The Watermark features 54 exclusive beachfront units that boast of some of the largest frontages on Seven Mile Beach. With its cutting edge architecture and interior design, each stunning  apartment is highlighted by window-walls that are designed to capture the sensational sea-to-sky views of its natural environment. Its world-class amenities include a wide array of leisure and recreational facilities, bespoke concierge services, and an oceanfront owners’ conservatory with wine storage, full bar and chef’s kitchen.

Described as a “true masterpiece of modern living,” Aqua is a 10-storey property that brings exclusivity to a whole new level with its offering of one luxury residence per floor. Currently under construction on a more tranquil portion of Seven Mile Beach, Aqua features four-bedroom residences that come with a full service concierge and private elevator access,  first-rate lifestyle and recreational amenities, and a magnificent 360-degree view of the crystal blue Caribbean waters from each of the ten bespoke units.

Still at pre-construction prices, Lacovia is a much-anticipated redevelopment complex on SMB which offers 14 exclusive floor plans, ranging from 3- to 8-bedroom luxury apartments. These exclusive residences will feature floor-to-ceiling windows and sliding glass doors designed to maximize the enjoyment of natural light and breathtaking views of Seven Mile Beach. Residents will also enjoy the privileges of a private members’ club, which include full access to resort-style amenities and on-site concierge services.

Camana Bay

OLEA is Camana Bay’s first for-sale residential development comprising 124 luxury residences — offering buyers a preferred selection of elegantly designed and energy-efficient condominiums, townhomes, and duplexes.  This award-winning sustainable community also features lush greens and beautifully landscaped common areas, a waterfront boardwalk, a resort-style pool, a yoga garden, and the island’s first lazy river. Located south of Camana Bay’s Town Center, OLEA offers all the amenities of a luxury waterfront lifestyle with the added attraction of being just a few minutes away from the iconic splendor of Seven Mile Beach. Much of the property has been completed and move-in ready since the early part of 2023.

South Sound

A preferred residential area in Grand Cayman, South Sound is known for being a safe and family-friendly community that is centrally located to schools, parks, community centers, and sports facilities. While traditionally known for its beautiful family homes, South Sound has also become a favored location for new condominium developments.

FIN is a 36-unit private residential development whose design combines the passion and drama of Art Deco with the casual elegance of modern Caribbean living. Perched on over two acres of oceanfront land, FIN invites residents to indulge in a luxury resort lifestyle with its private beach, salt water lagoon and elevated glass bottom pool, coupled with bespoke concierge services and other five-star amenities.

South Sound is also home to Tides — a new oceanfront development with 24 residences available in 2-, 3-, and 4-bedroom condo units, many of which feature spacious terraces and floor-to-ceiling windows with glorious views of the Caribbean sea. Designed for energy efficiency, Tides’ common areas are powered by solar panels and every unit is fitted with geothermal cooling technology that significantly reduces energy consumption.

Aura is a new condominium development situated close to the top end of South Sound. It comprises of two- and three-bedroom units with open-plan living spaces that are efficiently designed to maximize the entry of sunlight, create natural breezeways, and capture incredible ocean views.  Its main attractions include a private dock, circular and lap pools, lush gardens, a secluded cove, as well as outdoor BBQ and recreational areas.

With its first phase completed and its second phase recently launched, Indigo Bay on the eastern edge of South Sound is adding 23 more luxury villas to its residential community. Each 2- and 3-bedroom residence will feature expansive terraces and floor-to-ceiling balcony doors and windows, amidst a lush tropical setting with magnificent ocean vistas. Targeted for completion in 2025, its Phase 2 units are now available for sale at very attractive pre-construction prices.

Other Grand Cayman developments

One of the most anticipated new developments on Grand Cayman is The Mandarin Oriental Hotel and Residences, which broke ground in 2022 and is scheduled for completion in 2025. Located on St. James Point on Grand Cayman’s southernmost point, it is the first five-star property that will be built away from the famous Seven Mile Beach area — offering unparalleled privacy amidst world-class luxury. The property includes 89 residences in two to five bedroom units which offer some of the largest private outdoor verandas on the island, with all principal rooms showcasing views of the beach and ocean. The jewel of The Residences at Mandarin Oriental is its Penthouse Collection that features expansive private terraces with a plunge pool and outdoor kitchen. All hotel facilities, including the celebrated Spa at Mandarin Oriental, adult and lagoon pools, cabana and lounge services, and dining destinations, shall be available to residence owners as well.

Located in the tranquil community of Rum Point/ Cayman Kai is the Rum Point Club Residencesexclusive, high-end condominiums that reflect the elegance of a luxury boutique hotel while retaining the charm of a beachfront home. Rum Point Club Residences’ first-class amenities include restaurants, a fitness center and spa, a private beach with cabanas, a rooftop terrace, underground parking, and on-site 24-hour security.

These are just a handful of the many new and exciting development projects currently in progress around the Cayman Islands. If you’re interested in investing in Cayman real estate, talk to one of our friendly ERA Cayman agents and we will be happy you help you find that perfect piece of paradise.

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