Barbados continues to thrive as a top tourist destination, earning its reputation as the “gem of the Caribbean Sea” with its stunning beaches, clear waters, rich culture, and hospitable locals.
Tourism growth is expected in the upcoming years and according to the Barbados Statistical Service, in 2023 the island welcomed 636,540 visitors, and early data for 2024 shows a noticeable increase in arrivals (15.8%) in monthly (Jan – may) visitor numbers.
Short Term Vacation Rentals
The global short-term vacation rental market is projected to reach US$99.45.bn in 2024 and grow by 2.69% in the next three years, resulting in a market volume of US$107.7 billion by 2027.
In Barbados, these online channels, such as Airbnb, Booking.com, etc. have allowed homeowners the opportunity to market, and successfully sell accommodation within their villas, townhouses, or condos, to the island’s thriving tourism sector.
Full Financials available Upon Request
Alora’s Value
Alora’s Competitive Value as a short Term Vacation Rental..
The average price of the 27 top luxury hotels providing mostly single room accommodation in Barbados is $793.
Comparing this to the estimated average nightly rental rate for Alora of $436 for 2bedrooms/2baths, full sized kitchen, living & patio areas (it is not hard to see the value).
One significant value to a second homeowner who is personally seeking to vacation or partially reside in Barbados, is the number of free days available for the owner or their guest to occupy their home, free of cost. It stands at around 190 days to the owner!
Full Financials available Upon Request
The Numbers
Estimated Annual Running Cost US$
- PUP Fees $8,811
Home Owners Cost $6,180 - Annual Total $14,991
Estimated Annual Profit From Rental US$
- $54,112
Estimated Annual Net Return US$:
$39,121
Full Financials available Upon Request
Read Our Investment Blog
Current Inventory
4 Units Available
View all of our available apartments below and get in touch with us to reserve, before the prices increase.
Only 4 units remain!
Early pre – construction pricing now from USD$479,000 – for a limited time.
30% to Reserve | Financing is available
- Delivering Early 2025
- Construction has begun with foundations being completed next month.
- Pricing on completion is estimated at USD$630,000
- Capital Appreciation approx. USD$151,000
- High potential for generating rental income
Ground Floor Apartments – Garden Units from USD$479,000 – Peaceful Ground Floor Units set in the gardens.
Prospective residents can choose from two distinct units:
The Oasis, offering 1,145 sq ft of luxury, or the Haven, providing a generous 1,396 sq ft, ensuring the perfect fit for every lifestyle.
- The Building
- Luxury residences steps away from Thunder Bay on the iconic West Coast
- Two-bedroom floor plans ranging from 1145 to 1396 sq ft
- Lush tropical gardens surround the complex to provide complete serenity
- Short distance to Holetown and Speightstown Amenities
- Rooftop Amenities: Ultimate outdoor living with roof deck, lounge area, bar, barbecue station and sky pool with sea views.
What Sets Alora Apart?
- 2 Pets are Permitted
- Duty Free Concessions are available on furnishingsÂ
- The Roof Deck is exclusive to 10 ownersÂ
- Walk to the beach!
- Excellent investment potential
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