NBA legend invests in real estate project from Diamond to Buzz Bee Dam

…says “Guyana is a slam dunk”

NBA Hall of Famer Hakeem Olajuwon has officially joined Guyana’s real estate market as an investor and homeowner, acquiring two luxury residences in the TAJ DIAMOND community. Developed by US-based Coastal Rim Properties, TAJ DIAMOND is a master-planned residential project along the East Bank Corridor, from Diamond to Buzz Bee Dam.

Olajuwon, who has a history of real estate investments in Houston and international markets, said his decision follows multiple visits to Guyana over the past year, during which he explored opportunities in both the real estate and oil and gas sectors. The basketball legend met with President Irfaan Ali and members of the local sports community during his visits.
“Guyana is a slam dunk! It’s English-speaking, a strong ally of the United States, the fastest-growing country in the world, and its Government welcomes foreign investment. I’m proud to be part of what Coastal Rim is building here,” Olajuwon said, adding that he is considering future joint ventures with Coastal Rim Properties, both locally and internationally.
In a parallel development, Gudo Investment Management Co, Ltd, of South Korea, in partnership with US-based Gudo Partners LLC, made a significant institutional investment in multiple residential rental properties within TAJ DIAMOND. The investment marks one of the first major institutional capital injections into Guyana’s real estate sector.
“Guyana is one of the most exciting emerging markets in the world, and Coastal Rim’s vision for TAJ DIAMOND stood out immediately,” said Chairman of Gudo Investment Management, Sung Hoon Baik. “Our investment reflects confidence in both the project and Guyana’s long-term potential as a regional investment hub.”
TAJ DIAMOND, which launched with early-bird pricing at US$250,000 per home, has seen demand push starting prices to US$400,000, with incremental increases expected every one to two months. Nearly 50 per cent of homes have already been reserved.
The development will feature 218 three-storey luxury homes with private garages, gated access, 24/7 armed security, resort-style amenities including a clubhouse, pool, cinema, fitness centre, 40,000 sq. ft of retail and dining space anchored by Morton’s The Steakhouse, and an optional fixed 14 per cent yield leaseback programme.
Lead Developer for Coastal Rim Properties, Nicola Mola, described the Olajuwon and Gudo investments as “a watershed moment for Guyana,” signalling international confidence in the country’s real estate sector. Plans are also underway for an upscale condominium project with prices starting at US$100,000.
Local consultant Rosh Khan noted, “This project represents the calibre of development that Guyana demands. Anyone who understands global markets can see that Guyana is the most strategic investment destination on the planet right now.”
Coastal Rim Properties, with over 50 years of experience in large-scale projects globally, continues to position Guyana as a hub for high-quality residential and commercial development.