He Dominican Republic is more than a tourist destination… Naturally, the white sand beaches and the warm sun of this country attracting a large number of tourists, but this dream destination is also one of the best options for Caribbean-style retirement.
Dominicans are generally friendly and hospitable, and the area is warm and welcoming to newcomers. In addition, you will find all the comforts at your fingertips at a price you can’t refuse.
The Dominican Republic is one of the fastest growing economies in Latin America thanks to its tourism sector, remittances, foreign direct investment, mining revenues, free trade zones, and telecommunications.
The country also has what is probably the easiest residence permit to maintain, with no time-in-country requirements. For example, ordinary and “fast track” residency options are offered.
Consider that to qualify for fast track home, you must show that you have $1,500 or more per month in Social Security or other pension income as a retiree; o Proof of monthly income of US$2,000 or more from any source (rental income, dividends and/or interest income from works), retired or not; or invest $200,000 in one of several investment options (real estate qualifies, as does a certificate of deposit).
Generally speaking, you are eligible for naturalization in the Dominican Republic after three years of residence. However, as a fast-track resident, you can begin the naturalization process after just six months, making the Dominican Republic one of the fastest second passport options in the world.
Why Punta Cana?
More than 8.5 million tourists visited the DR in 2022…this makes it the most popular destination in the Caribbean and in the top five overall in the Americas.
Punta Cana specifically received around half of those visitors in 2022, with 4.1 million visitors. As a result, the annual average hotel occupancy for 2022 was 77.3%.
It has the highest performance in the country in tourism and rental returns.
In fact, experts call this the “Golden Era of Tourism” for Punta Cana.
The rental business here is lucrative. If you investment The property is close to the beach and has great views, you can expect high occupancy and rental rates, and in turn, strong returns on investment.
Typical ROIs in Punta Cana range from 6% to 12% per year. During the peak season, from mid-December to the end of April, rental rates typically go up 40-50% and occupancy rates stay between 75-90%.
Improved infrastructure in the DR helps booming tourism numbers, particularly in hotspots like Punta Cana. Above all, these areas now benefit from private hospitals, international schools, power grids and new roads.
Also, let’s not forget about the perfect Dominican Republic climate. Temperatures range from 68°F (20°C) to 88°F (31°C) during the summer months. The waters are calm and a gentle sea breeze blows everywhere.
It is here in Punta Cana where we have discovered new opportunities perfectly positioned for high returns for the investor…
A project for those looking for an urban coastal life
This pre-construction development will be located in the commercial heart of Punta Cana.
You and your tenants will be just a 10-minute walk from the beach and will have all the necessary services nearby. Next door there is a supermarket, restaurants, bars, pharmacies, shops and more.
This project is for those who want to be in the middle of the hustle and bustle of a tourist town… right in the action.
The condominium will have a sky lounge restaurant with a panoramic view, swimming pool and underground parking.
You can choose from one-bedroom units, two-bedroom units, and studio suites.
Studios have a living area of 30 square meters and start at US$142,099. On the other hand, one-bedroom units are 47 square meters and start at $203,199, while two-bedroom units are 104 square meters and start at $387,999.
Units come with appliances (air conditioning units, washer and dryer, hood, stove, and refrigerator) and some units also come rental-ready with furniture.
The expected delivery date for this development is December 2024.
For more information on this development, click here.
A project for those seeking a modern, suburban golf lifestyle
This is another pre-construction development along the Punta Cana coastline. This one is in a suburban setting, further (but reasonably close) to everything you’ll want to see and do in this city.
Macao Beach is only a 16-minute drive away and downtown Punta Cana is a 22-minute drive away.
This development has a privileged location within a golf club and provides the owners and tenants of this complex with the additional benefits of free access to one of the best beach clubs in Punta Cana, just a few steps from your unit.
In addition, you can enjoy the use of the infinity pool overlooking the sea, relax in the sun with a cocktail from the bar or delight in seafood from the club restaurant.
For golf lovers, an 18-hole course is right next to the complex. In addition, there is also a spa, gym, indoor tennis and paddle courts and a swimming pool.
The development has one and two bedroom units. One-bedroom units have a living area of 84.4 square meters and start at $202,199, while two-bedroom units have 104 square meters and start at $387,999.
This particular project also benefits from the Confotur law, which means that your property will be exempt from the 3% transfer tax on the first real estate transfer and is also exempt from the 1% annual property tax for the first 15 years.
The expected delivery date for this complex is December 2024.
You will find more details about this development here.
Earn a projected ROI of 11% in the heart of Punta Cana
For any unit in any of the developments, you have the option to purchase a furniture package to make your unit turnkey. The fee for this varies by complex and unit size, but ranges from US$28