NASSAU, Bahamas, March 19, 2013 /PRNewswire/ -- While the global economy lurches unpredictably, it seems something rather interesting is happening in the tropical Bahamas.

The longtime Caribbean holiday haunt is experiencing a mini-boom, with international billion-dollar developments and business investments rapidly moving forward.

While the Atlantis resort on the Bahamas' Paradise Island is considered a landmark achievement, BahaMar, an ambitious $3.5 billion resort on New Providence Island, is due for completion in December 2014 and expected to follow the lead of Atlantis. The resort is preparing to impress a mostly adult clientele with 3,000 feet of white-sand beach, hotels, Vegas-style casino, shopping, a Jack Nicklaus Signature golf course, pools, restaurants, clubs and bars.

In southwestern New Providence lies the Albany resort community, developed on 600 oceanfront acres by the Bahamas-based Tavistock Group, golf legends Tiger Woods and Ernie Els.

The islands of the Bahamas are rapidly emerging as the new frontier for real estate development, according to Kevin Dickenson, a Palm Beach Realtor. China struck a deal to build and finance the largest resort in the Western hemisphere at $3.5 billion and announced it will pump $6.3 billion into Caribbean governments. Resort developers and celebrities are acquiring the finest Bahamas real estate.

Miami, FL (PRWEB) October 09, 2012

China is busy acquiring and developing Bahamas real estate, according to Kevin Dickenson of Prudential Florida Realty. The islands of the Bahamas are an increasingly popular destination for Floridians because you can jump in your yacht on Palm Beach at sunrise and tie up at West End for lunch or take a plane if you want to land in paradise within the hour. The islands are famous for miles of secluded pink sand beaches that entice fisherman, mega yacht owners, sunbathers, scuba divers and Sports Illustrated swimsuit models alike.

New York, New York (PRWEB) December 01, 2011
Mario Carey Realty, If you ever needed proof that beachfront property is made up of sand, dreams and solid gold, it's this: two lots on Paradise Island recently sold for $21 million.

"It's the most expensive per square foot residential single family lots ever sold in The Bahamas as far as I know," said luxury market specialist Mario Carey . "While this particular buyer was not American, and the sale was completed before the events of the past few weeks, what we've been seeing recently despite the financial markets fall-out is a continuation of the expectation that the Bahamas prime property market is, at least for now, in a class of its own."

Carey, who opened the doors of Mario Carey Realty on East Bay Street in May, said measurable milestones were positive.

Room revenue for Nassau/Paradise Island hotels may have finally eked past 2010 levels due to strong April and May performances, offsetting a disappointing January fall-off.

Preliminary statistics released by the Bahamas Hotel Association (BHA) and The Bahamas Ministry of Tourism (MoT) reveal a 0.6 percent increase in the year-to-date room revenue figure, with year-on-year increases of 9.6 percent for April and 5.8 percent for May.  January saw room revenue fall 11.4 percent.

Full Story: The Nassau Guardian

NASSAU, Bahamas - The city of Nassau in the Bahamas is getting a facelift after years of neglect.

Prime Minister Hubert Ingraham says a slew of public works projects to improve streets, sewers, courthouses, hospitals and markets is under way in the capital of the vast archipelago east of Florida.

Ingraham says the various projects will improve quality of life for the roughly 250,000 inhabitants of the island of New Providence, where Nassau is located. He says the capital's current condition is "unbecoming," especially since it is the island chain's biggest tourism center.

The prime minister said in a statement issued Tuesday that the restoration "is critical to ensuring continued growth."

Yahoo! News Tue Apr 26
http://news.yahoo.com/s/ap/20110426/ap_on_re_la_am_ca/cb_bahamas_capital_restoration_1