The Reef, Residences at Atlantis
The Reef, Residences at Atlantis, Paradise Island - The Investment
Why Invest in the Bahamas?
The Bahamas has become a particularly favorable target for international investment. It has established generous legal incentives to attract foreign investors and has a streamlined government bureaucracy for expeditious project approval. The Bahamas possesses an outstanding infrastructure for commercial and industrial activity, and offers a highly-skilled workforce. The professional community of accountants, international bankers, trustees, and investment specialists is large, diverse and highly skilled. There is also a full complement of respected and experienced law firms. The climate for foreign investment is particularly favourable to the finance industry, insurance, manufacturing, shipping, import and export trade, and of course, tourism development.
Welcome to Paradise Island
Atlantis, Paradise Island is the flagship resort of Kerzner International, a leading international developer and operator of destination resorts, casinos and luxury hotels. This unique, ocean-themed destination is located on Paradise Island, The Bahamas, and features a variety of accommodations, all built around a 97-acre waterscape comprised of over 20 million gallons of fresh and saltwater lagoons, pools and habitats. Home to the largest open-air marine habitat in the world – second only to Mother Nature – there are over 50,000 marine animals in lagoons and displays, including The Dig, a maze of underwater corridors and passageways providing a journey through ancient Atlantis.
The Reef, Residences
The Reef, a contemporary-styled resort, is situated on Paradise Beach, creating water views from all rooms, which are complete with private balconies overlooking the ocean and white sands. All custom-designed accommodations feature a kitchen or kitchen area with an energy-saving dishwasher, living area with sofa bed and are fully-stocked with linens and tableware – a perfect choice for families looking for a beachside experience within Atlantis, with all the amenities of a home.
- All one-bedroom suites feature an en-suite energy efficient washer and dryer and the resort provides complimentary laundry facilities for all studio accommodations.
- The 22-story tower consists of 307 studio units, 188 one-bedroom units, two penthouses and the option of creating a two-bedroom accommodation by combining a one-bedroom suite with a studio.
- With living space ranging from 519 square feet to 3,102 square feet, The Reef offers a residential experience complete with 24-hour room service, daily maid service, wireless internet and a variety of exclusive family-centered services and experiences.
- Rates range from $340 per night for a studio terrace accommodation to $1,750 for a deluxe ocean two-bedroom suite.
Amenities
Owners of The Residences at Atlantis have exclusive access to a private gym, Starbuck’s Café and an owners’ concierge team. Other amenities include the Mandara Spa, Cain Pool and Beach Club, 22 on-property restaurants and high-end shopping at the Atlantis Marina Village. Access includes all resort facilities.
- Treat yourself to a “house call” from the Mandara Spa and Salon at Atlantis. You’re vacationing in your own designer-furnished residence
- The all-important, well-connected concierge staff proficiently exerts its influence in the neighborhood and around town to see to your requests
- Wind down at any of our many social and recreational facilities. The very professional security personnel quietly and adeptly see to your serenity
Fully furnished residences
The Reef’s elegantly-designed suites are fully furnished from linens to tableware and feature a wide array of custom interior amenities such as crown moldings, granite countertops, imported kitchen cabinetry, top-of-the-line appliances, luxurious bathrooms, plush wall-to-wall bedroom carpeting, LCD flat screen televisions, and private terraces offering breathtaking ocean and resort views.
- Studio (junior), one-bedroom or two-bedroom, designer-furnished residences are available
- Two-bedroom suites come with a “lock-out,” an innovative double entrance feature that can divide the residence into separate studio and one-bedroom suites for individual use
- Studios include bedroom, sitting area, kitchenette, master bath and terrace
- One-bedrooms have full kitchen, dining area, living room, master bedroom, two bathrooms and private terrace
- Two bedrooms are a combination of a studio and one-bedroom suite
Rental program
It is a requirement of Bahamian law that units in a condominium-hotel must remain within the hotel’s general rental inventory for a minimum period of 9 months per year, or be subject to significant customs duties and stamp duties thereon.
- Your share will be approximately 40% of the rental income calculated thus:
After deduction of the applicable taxes, levies and gratuities, Atlantis will deduct the management fee of 10% of the Rental Income. Atlantis will retain 50% of the balance as compensation for securing and servicing the rental program and we will pay you, as a Unit Owner, the other 50%, less 5% of the Rental Income for the Reserve Fund and less any other outstanding unpaid amounts, if any.