Miracles in business, like any miracle, are rare, but the results can be extraordinary when they do occur. Take Guyana, for example: a middle-income country renowned for its breathtaking natural beauty. Exxon Mobil’s 2015 discovery of large oil and gas reserves has propelled the nation to the global forefront of oil production. With confirmed reserves of nearly 10 billion barrels, Guyana is projected to experience economic growth of 300%, with some estimates reaching as high as 1000%. 

This boom has spiked demand in Guyana’s residential real estate market as thousands of expatriate workers—geologists, field engineers, attorneys, project developers, and more—have arrived. The resulting supply shortages and rising costs impact local citizens. In response, property developers across the spectrum, from luxury providers to affordable housing experts, are united in ensuring high-quality, affordable homes for all Guyanese, meeting the needs of a new, prosperous Guyana. 

Leading this initiative is Fabulous Homes Guyana, headed by Dr. Karis Munroe—a pioneer in Caribbean and Guyanese real estate. Celebrating its 10th anniversary in Guyana, Fabulous Homes Guyana is a subsidiary of Fabulous Homes International, which provides premium real estate across the USA, Caribbean, and Guyana. Known for luxury properties and a professional team, Fabulous Homes serves both high-end and middle-market clients.

A look at Fabulous Homes’ portfolio reflects its high standards. For over 20 years, Fabulous Homes properties have met the architectural gold standard, appealing to a clientele seeking Caribbean luxury. Excitingly, these properties are now accessible to a broader audience. Dr. Munroe’s Project 5000 strategy will provide thousands of affordable homes, easing the supply strain on local Guyanese families.
 
Dr. Munroe shared her pride in Project 5000, saying, “As a native of Guyana, it’s an honor to give back. While we typically serve high-end clients, it was clear that lower-income families were struggling to afford property. Through Project 5000, we’re offering beautiful, affordable homes.” Dr. Munroe’s payment structure allows families to fully own their properties within 5-10 years—a notably short timeframe for property ownership.

Dr. Munroe continued, “Our mantra is ‘Luxury on a Budget.’ Initially, we served 2% of the market, but with Project 5000, we’re making homeownership accessible to the 98%.” Currently, Fabulous Homes is developing a 1,500-home community for moderate incomes, alongside a luxury community at Friendship, 30 minutes from Georgetown, at a site now named The City of Karis.

The development of The City of Karis , near Georgetown, is progressing quickly. Alongside affordable homes under Project 5000, The City of Karis offers residents both the excitement of city life and the calm of a naturally beautiful space. Features include paved roads, potable water, electricity, security, a private school, playpark, shopping center, private hospital, and jogging trails.
 
Simultaneously, Fabulous Homes Guyana is developing the upscale Oasis Country Club Community, a 200-property collection of waterfront homes near popular river sports areas.
 
These are thrilling times for Fabulous Homes Guyana and Dr. Munroe, whose commitment to affordable luxury and accessible homeownership continues to shape the region. Project 5000 is part of Dr. Munroe’s long-standing mission to use her expertise to create positive change for Guyana’s underserved.
 
One example of her impact is the Guyana National Housing Trust, established in 2013, which provides expert advice and interest-free loans to help families transition from renters to homeowners. Another is the Guyana School of Real Estate, which equips young professionals with training and work experience. Additionally, Dr. Munroe launched the Caribbean First Multiple Listing system, enabling 20,000+ agencies to list properties accessible to buyers across Guyana, the Caribbean, and beyond.
 
With demand for affordable luxury homes on the rise, Fabulous Homes International Guyana is poised to continue delivering, building a brighter future for Guyana’s people.