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This luxury man-made island saw a huge spike in demand after COVID-19

This luxury man-made island saw a huge spike in demand after COVID-19via The Blue Estate

Have you ever dreamed of moving to an exotic island? If so, you are not alone. Demand for private islands has soared during the global pandemic as people around the world look for a place they can hole up and avoid COVID-19. Now more than ever, people are looking to move away from crowded cities, and some are willing to pay big bucks, but what happens when all the island real estate has sold out? Obviously, the next step is to look for a spot on the world’s first floating luxury island.

According to recent reports, the man-made island being built by The Blue Estate Group, will be located 25 minutes by plane from Nassau and 90 minutes from Miami. 

The plan calls for the Blue Estate to be home to more than 15,000 permanent residents, numerous businesses, a state-of-the-art health clinic and an international school.

Properties on the island start from $US19,800 ($A25,400) and go as high as $US1 billion ($A1.285 billion).

While moving there might seem like a huge commitment, Blue Estate Group told CNN Travel that some districts were already close to selling out, and when you read the property's fact sheet, you’ll understand why…

In addition to offering a large variety of waterfront homes, residents and guests will also be will have access to a wide range of amenities and leisure activities, including, lagoon-style pools, ocean clubs, parks, markets, restaurants, bars and shopping areas.

And that’s not all— the press release says the island will have a "business friendly environment with zero taxes, minimal regulations and reporting obligations". Residents must just be able to prove they can be "self-sustaining" while living on the island.

"There are no special requirements to become a resident on the Blue Estate," Erik Schmidt, Chief Communications Officer for the Blue Estate Group, told CNN. "We require all residents and visitors to comply with the "Blue Estates Community Guidelines & Rules" from the day they arrive on the island, and they must be able to self-maintain their life on the island.”

"Everybody is welcome to buy, own or rent a property and/or open a business on the Blue Estate. Residents who work here can apply for a range of business licenses, valid for a period of 12 months, but they will not be subject to taxes,” he adds. "The increase in remote work opportunities of the past decade (not only due to the pandemic) allows more people to freely choose a 'home base' that meets their individual requirements best," he explains, before indicating that the average resident's ages is likely to be "significant lower" her than most other cities.”

 

Oh, and if you aren’t willing to move, the island will feature two hotels for those who prefer to visit. For more information, check out the video below. 

 

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