NBA Legend Hakeem Olajuwon joins TAJ DIAMOND as investor

TAJ DIAMOND, Guyana’s premier master-planned community developed by U.S.-based Coastal Rim Properties, proudly announces that NBA Hall of Famer and global icon Hakeem Olajuwon has officially joined as an investor and homeowner.

Olajuwon has purchased two luxury residences in the TAJ DIAMOND community, marking his first investment in Guyana following multiple visits over the past year exploring opportunities in both the real estate and oil and gas sectors.

A seasoned real estate investor with holdings across Houston and several international markets, Olajuwon said he sees in Guyana the same signs of transformational growth that defined the early real estate booms of other emerging economies. He was in Guyana earlier this year, having met President Irfaan Ali and several members of the sports community.

According to Olajuwon, “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.”

An artist's impression of TAJ DIAMOND community

Olajuwon also expressed enthusiasm about exploring future joint ventures with Coastal Rim Properties, both in Guyana and globally, underscoring growing international confidence in the developer’s vision.

In another historic milestone, a joint venture between Gudo Investment Management Co., Ltd, a South Korea–based investment fund, and Gudo Partners LLC, a US-based financial advisory firm, has made a significant investment into multiple residential rental properties at TAJ DIAMOND - marking one of the first institutional capital investments in the history of Guyana’s real estate market.

Gudo’s acquisition represents a landmark moment for the nation’s property sector, signalling its maturation into a globally recognised investment destination.

“Guyana is one of the most exciting emerging markets in the world, and Coastal Rim’s vision for TAJ DIAMOND stood out immediately,” said Sung Hoon Baik, Chairman of Gudo Investment Management., Ltd.

“We see strong fundamentals such as rapid economic growth, political stability, and genuine global interest. Our investment reflects our confidence in both the project and in Guyana’s long-term potential as a regional investment hub.”

Since launching at an early-bird price of US$250,000 per home, TAJ at DIAMOND has seen unprecedented demand, with prices now starting at US$400,000 and scheduled for incremental increases every one to two months due to accelerating sales and development progress. With nearly 50% of the homes already reserved, the community is quickly becoming one of the region’s most sought-after residential addresses.

Located along the thriving East Bank Corridor from Diamond to Buzz Bee Dam, TAJ at DIAMOND will feature:

• 218 three-story luxury homes with private two-car garages

• Gated access and 24/7 armed security patrols

• Resort-style amenities including a clubhouse, pool, cinema, and fitness center 40,000 sq. ft. of premium retail and dining, anchored by Morton’s The Steakhouse and other leading brands

• An optional fixed 14% yield leaseback program, offering passive income with full-service management

Nicola Mola, the Lead Developer for Coastal Rim Properties, said, “To have a global icon like Hakeem Olajuwon, alongside an institutional investor like Gudo Investment Company, join TAJ at DIAMOND represents a watershed moment for Guyana. It shows the world that Guyana is open for high-quality development, world-class partnerships, and serious capital. The addition of Morton’s The Steakhouse as our retail anchor underscores the caliber of experiences our residents will enjoy. With celebrity and institutional validation, TAJ at DIAMOND is quickly becoming a benchmark for excellence in the region. And we’re not stopping there — Coastal Rim will soon be launching an exciting upscale condominium project in a new Guyana development, with prices starting at US$100,000, offering even more opportunities for local and international buyers.”

Local private sector consultant, Rosh Khan, shared his thoughts, saying, “This project represents the caliber of development that Guyana demands. Bold, modern, and built for the future. Anyone who understands global markets can see that Guyana is the most strategic investment destination on the planet right now, and I believe this project can set the standard for years to come.”

Coastal Rim Properties is a U.S.-based real estate development firm with more than 50 years of experience delivering large-scale residential, commercial, and mixed-use projects across emerging global markets. The company is recognized for its commitment to quality, innovation, and long-term value creation.

For more information on home ownership, retail leasing, or investment opportunities, visit www.tajguyana.com or contact sales@tajguyana.com.