Time to Shine - how Cayman's property market proved its worth in 2020

Jackie Doak, president of Dart Real Estate and Broker at Provenance Properties, reflects in this article on the performance of the Cayman Islands property market in 2020. A year like no other.

I’ve written several “years in review” in my career, but never for a year like 2020. As I reflect on how 2020 started, progressed and ended in the Cayman Islands, I am so proud of how our country and our brokerage — Provenance Properties Cayman Islands — performed.

Last year, the Cayman Islands Real Estate Brokers Association recorded total sales of US$638.7 million generated by its 36 brokerage members, the highest in its history. This was no small feat, given that the borders to the Cayman Islands have been closed to most visitors since late March 2020 and country-wide shelter-in-place regulations were observed for more than three months in the spring.

The real estate market’s strong performance has surprised some pundits, but given recent global affairs and the enduring strength of the Cayman Islands’ value proposition, the results are easily explained.

As President of Dart Real Estate and Broker of Provenance Properties, Jackie is responsible for a diverse property portfolio. Providing guidance from a project’s inception through to management of the physical asset, she ensures the company’s goals and strategies align with owner and shareholder Kenneth B. Dart’s vision and values. Having joined Dart in 2003 as Vice President of Sales and Leasing, Jackie was part of the leadership team guiding the conceptualisation of Camana Bay and the partnership with the Cayman Islands Government known as the NRA Agreement.

The Cayman Islands has been Jackie’s home since childhood. She has a BA in Psychology and a Juris Doctorate with honours from the University of Florida Law School. She joined Dart in 2003 and, over the past 13 years, has been instrumental in bringing Dart Real Estate developments and Provenance Properties to life.