Saphora Grace Bay Residences, Apartment Collection by Hilton is a refined, mixed-use residential and commercial development conceived with modern island living and lifestyle convenience in mind. Perfectly located in the lively epicentre of Grace Bay, Providenciales, this luxury complex offers 44 upscale residences and a curated suite of amenities, including a stylish morning café and bistro, a signature fine-dining restaurant, pool, gym, and six boutique retail spaces—blending sophistication and functionality in one of the Caribbean’s most sought-after destinations.
Situated along the Allegro Road – one of Grace Bay’s main thoroughfares – Saphora places residents mere minutes from world-renowned Grace Bay Beach. Surrounded by a collection of the island’s finest resorts, the development is ideally positioned for effortless access to premium shopping, gourmet dining, daily conveniences, vibrant entertainment, and the stunning northeast coast of Provo.
Brought to market by RockFin Group—the visionary team also behind the new Hilton luxury brand project AMARIS Grace Bay, LXR Residences—Saphora reflects the group’s reputation for high-end development. Under the leadership of Fio F. Mayil, a resident of Turks & Caicos for over a decade, the team combines decades of international real estate and construction experience, ensuring the highest standards of quality and craftsmanship.
Construction of Saphora is already underway and is slated for completion in Q2 2027.
The development comprises 44 exquisitely finished residences, including:
20 one-bedroom units
14 two-bedroom units
8 three-bedroom units
2 expansive four-bedroom penthouses
The ground floor comprises eight purpose-built commercial units, which are offered freehold in a shell-and-core condition. This dynamic level will be anchored by a chic breakfast bistro and an elegant destination restaurant, both set to become culinary landmarks for residents and visitors alike. The remaining six units are designated for carefully curated retail and consumer-facing services.
Saphora offers thoughtful amenities, hospitality, flexible spaces and property services to create a relaxed setting for residents and guests to enjoy their stay.
On-site property management services
Reception lobby with concierge
Swimming pool
Fully equipped fitness centre
Boutique retail outlets
On-site dining including a bistro and upscale restaurant
Reserved secure parking for residents
24/7 security
With its beautiful architecture, generously proportioned upscale residences and exceptional suite of amenities, Saphora Grace Bay sets a new benchmark for luxury mixed-use living in the Turks and Caicos Islands. However, what really characterises Saphora is its prime location, right by Grace Bay Beach, without having to pay beachfront prices. It is a destination where a refined lifestyle and everyday convenience combine to create a compelling ownership opportunity.
As part of the Strata Corporation (see clause 18 below), a full-service management structure is in place to provide both owners and commercial tenants with a seamless, turnkey experience. Hotel Equities will handle the set-up and management of all utilities, 24-hour building security, refuse removal, and the cleaning and upkeep of the communal areas.
Apartment owners can enjoy their property as they wish, as long as they adhere to the Strata rules. Should they wish to rent their property short-term, they must do so using Saphora’s Rental Program – using a third party for short-term rentals is strictly prohibited.
This approach guarantees a uniformity of services across the residences that align with our standards and offerings, as we offer professional oversight, with all bookings coordinated exclusively through our designated Hotel Equities team. Further details are available upon request.
For those participating in the Saphora rental program, owners retain 75% of gross rental income, with 25% allocated to the management company.
We offer a bespoke furniture and furnishings package encompassing beds, sofas, chairs, tables, consoles, lamps, drapery, mirrors, soft furnishings, televisions, a premium sound system, and outdoor tables and chairs.
The furniture and furnishings package are an optional extra costing around 10% of the purchase price. A 50% deposit is required upon placing the order, with the balance due upon final delivery of the unit.
The package is mandatory for those joining the Saphora rental program to ensure the apartment’s furnishings are of the required standard for rentals.
Saphora offers an exceptional opportunity for buyers seeking both personal enjoyment and income potential. Its location, refined design, and in-house management solution make it a compelling investment in one of the Caribbean’s most consistently high-performing real estate markets.
All proprietors, residents, and guests at Saphora Grace Bay are required to follow the Strata bylaws, which govern the use of the building, common areas, and shared amenities. These bylaws cover important aspects such as parking, renovations, noise, occupancy limits, and the use of communal facilities. A copy of Saphora’s Strata bylaws is available upon request.
Pets are welcome with prior written approval from management, and all ownership must adhere to the regulatory framework for importing animals into the Turks and Caicos Islands.
The development adheres to occupancy limits defined within its strata bylaws, prioritizing quality of life, safety, and building integrity for all residents. These limits are in place to ensure comfort, safety, and the overall quality of living within the development.
Unit Type
Maximum Occupancy
One Bedroom
2 occupants
Two-Bedroom
4 occupants
Three-Bedroom
6 occupants
Four-Bedroom Penthouse
8 occupants
Homeowners contribute annual strata fees that support the seamless management, upkeep, and insurance of the building, ensuring that all common areas and amenities remain in pristine condition. This includes hurricane coverage for the building itself. Contents insurance is not included and should be arranged separately. The fees are designed to preserve both the value of your investment and the effortless, turnkey experience of life at Saphora Grace Bay.
Annual Strata fees are set fairly in accordance with market rates. The projections for 2027 are $11 per square foot. This figure excludes insurance.
Owners of a Saphora condominium residence or commercial unit collectively form the Strata Corporation, a legal entity and organizational structure that is responsible for managing the building and enforcing the bylaws. A key function of the Strata Corporation is maintaining common areas, and centrally manage utilities like refuse removal and elevator maintenance.
Your physical presence on the island is unnecessary to complete the purchase of your condo, as your local attorney can assist in ensuring a smooth remote closing process.
With flights of around two hours from Miami and under four hours from New York, alongside connections from the UK, the islands are within easy reach.
Two premier fixed-base operators (FBOs)—Provo Air Center and Atlantic Aviation—provide dedicated services for private aircraft and their passengers.
As a British Overseas Territory, TCI combines elected local government with constitutional oversight from a Governor appointed by the British monarch, supporting a stable environment for homeowners and businesses.
A legal system rooted in English common law is complemented by established international banks, including RBC, Scotiabank and CIBC Caribbean.
English is the official language and the US dollar the official currency, bringing familiarity and convenience to everyday life.
The islands levy no capital gains, inheritance, annual property or corporate income taxes, although stamp duty applies to property purchases.
Providenciales offers modern healthcare facilities, including Cheshire Hall Medical Centre, alongside a range of private medical practices.
Foreign buyers can purchase freehold property in their own name or through a TCI company, with trust structures also available.
A warm climate, abundant sunshine and crystal-clear turquoise waters create an inviting setting for year-round island living.
The islands’ beaches and luxury resorts have earned international recognition from Tripadvisor and other leading travel authorities, reinforcing their appeal as a Caribbean destination.
The information provided in this FAQ is for general informational purposes only and is subject to change without notice. While every effort has been made to ensure accuracy, no representations, or warranties, express or implied, are made regarding the completeness, reliability, or suitability of the information. Buyers and investors are encouraged to conduct their own due diligence and consult with legal, financial, and real estate professionals before making any decisions. The developer, management company, real estate agent, and associated parties assume no liability for any errors, omissions, or discrepancies in this document.
