Drax Hall

Fast-growing beachfront corridor west of Ocho Rios with new gated condo and villa developments.

Updated June 17, 202611 min read

About Drax Hall

Drax Hall, between Ocho Rios and Saint Ann's Bay, is one of the north coast's fastest-developing corridors, home to the Santa Maria gated community, new condo schemes and a popular public beach. Improved highway links toward the airport and Kingston have accelerated interest, drawing investors who want newer product at prices below established Tower Isle or Mammee Bay. The investment appeal is growth-plus-yield. New condos and villas run from roughly US$180,000 to US$700,000, around US$250-$350 per square foot, with gross short-let and long-let yields of 6-7.5%. Appreciation has been brisk at about 6% annually as new phases launch. Foreigners buy freehold with the standard 2% transfer tax and legal fees of 1.5-3%.

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Location

Drax Hall in Ocho Rios, Saint Ann Parish, Jamaica

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Figures are indicative and subject to change. Regulations, taxes and market conditions vary by jurisdiction. Do your own due diligence and seek independent legal and financial advice.

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