If certain tax law changes are making you relook at your longterm investment strategies, this floating tax haven loophole… I mean luxury manmade island resort might be just the ticket for a change of scene. Located 25-minutes by plane from the Bahamas capital, Nassau, the Blue Estate Group property developers are planning a floating development that will measure the size of half of Monaco and will be able to accommodate up to 15,000 permanent residents, looking set to be a blue print for the future of cities will look like.
The Blue Estate island will hold a number of exclusive clubs, lagoon-style pools, playgrounds and markets. The island will also strive to hold a green tick, using renewable sources for a more reduced CO2 output. Although, if you are going to stick 15,000 people on a floating barge of concrete, steel and tax diversion out in the middle of some of the world’s most ecologically-diverse waters, you can do all the CO2 offsetting you like, but you are still going to have an impact. Mind you, you won’t have time to worry about that, you will have sunbathing to do. Thanks to its prime location, the Blue Estate will get 340 days of sunshine a year. Construction starts early 2022 with presales coming online shortly. Properties will range from USD$20,000 for interior apartments to USD$54 million for garden villas! Let’s see if this concept will prove to be the blueprint for the future of cities.