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Dwel: New Pre-construction Combines Luxury And Affordability In Cayman Islands Real Estate

August 31, 2022
DWEL: New Pre-Construction combines luxury and affordability in Cayman Islands Real Estate

Diamond Properties is pleased to introduce one of Grand Cayman’s newest residential developments, DWEL. 

Defined by its simple yet dynamic elements of luxury, DWEL brings modern island living to life. 

Located in the historic, culture-rich district of Bodden Town, the former business capital of the Cayman Islands turned prime residential haven, this property comprises multi-unit townhomes in a family-friendly community with features and amenities that solidify its luxurious status. 

However, these townhomes may seem too good to be true at first glance. 

DWEL is brought to market at a price point that demonstrates the developers have both affordability in mind and the desire to support young Caymanian homeownership. It provides high-quality, cost-effective homes while proving to the rest of the country it can be achieved.

DWEL’s units range from one bedroom, starting at CI$360,000, to two bedrooms at $535,000 - currently some of the best-priced pre-construction rates on island.

To make this incredible opportunity even more spectacular, the price points for this development are an ideal match for the recently announced financing initiative by the Cayman Islands Development Bank (CIDB).

Last month, we shared that CIDB announced a CI$15 million fund to help finance the “Caymanian Dream” of buying or building a home, offering loans up to CI$600,000 with a fixed rate of 3.75% interest for the first two years - that’s 1.75% lower than the current prime rate.

With that in mind, Diamond Properties is thrilled to be the exclusive agency behind DWEL’s phase one, allowing us to add 16 available units to our growing list of properties for prospective Caymanian purchasers. Interested young buyers can be confident that they are supported by a fully Caymanian-owned real estate team.

Scheduled for completion in 2024, here’s what your future home will offer.

What’s Inside

Each unit has an open floor plan that leads into a contemporary kitchen fitted with stainless steel and gas appliances, modern wood cabinets, attractive countertops and stylish fixtures.

Tucked away in the living and kitchen area are a half bath and laundry equipped with a washer and dryer, laundry sink, and ample storage space.

The main bedroom is quite spacious and offers generous closet spaces, with larger units featuring two walk-in closets. The ensuite bathroom is through a space-efficient pocket door and features a large shower with floor-to-ceiling porcelain tiles, double vanity and elegant cabinets and fixtures.

If you opt for a two-bedroom unit, the rooms are accessed on the upper level by a floating glass staircase.

Outdoor spaces

Each unit has access to a private outdoor patio through the living room sliding doors, and just beyond this space is the property’s centerpiece. 

DWEL’s outdoor amenities include an in-ground swimming pool surrounded by an expansive deck, a residents’ clubhouse complete with billiards tables and gym equipment, and a butler kitchen – perfect for entertaining.

The added perks

DWEL’s architectural and sustainable designs and features ensure that your home is enjoyable and will last a lifetime. Additional features include:

  • Landscaped lawns
  • Private and secure walking areas
  • Impact-rated windows and doors
  • Energy-efficient appliances
  • Central air-conditioning
  • Solar Ready
  • Two assigned parking spaces + additional guest parking

Contact Diamond Properties today to learn more about securing your future home at DWEL.

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