Searching for Dominican Republic Investment Properties offering High Income-Generating Potential?
Are you searching for investment properties in the Dominican Republic offering the opportunity to generate a high, steady passive income stream? As the Caribbean’s leading tourism destination, the Dominican Republic is one of the most popular destinations for purchasing income-generating second homes in the Caribbean.
However, “is the Dominican Republic a good place to invest?” Absolutely. There are no restrictions on foreign investors purchasing property in the Dominican Republic and incentives are in place to stimulate foreign property investment. Property prices are rising rapidly but remain comparatively affordable for the time being. In addition, the country is one of the most accessible destinations in the Caribbean with huge amounts of investment being poured into infrastructure improvements. Furthermore, its government is stable and the economy is one of the region’s powerhouses, with economic growth averaging 5.1% per year between 2008 and 2018 – the second-highest rate in the entire Latin America and Caribbean region. Much of this growth is the result of a surge in tourism. In recent years, the tourism sector has achieved robust growth. In 2018, for example, the number of overseas visitors increased by 6.2% to reach a whopping 6.5 million – the largest number of overseas visitors of any Caribbean destination. The phenomenal growth in tourism underpins the attractiveness of investing in Dominican Republic real estate. The large and growing stream of international visitors has provided many real estate developers in the country with the confidence to offer investors a very high Return on Investment (ROI). In some cases, the level of the returns is guaranteed by the developer. Such guarantees are largely unavailable elsewhere in the Caribbean, with the exception of a few select destinations such as Bocas del Toro in Panama. In addition, the purchasing process is relatively simple and local bank financing is available to non-residents.
So, for buyers considering investing in this lucrative destination’s vacation rental market, we have put together a showcase of some of the best investment properties for sale in the Dominican Republic. All these properties are turnkey rental homes which are expected to generate high levels of passive income. The homes, condos and apartments are located across the country, from Punta Cana in the east to Samana in the north. Without further ado, here are 7 of the best property investment opportunities in the Dominican Republic that are on the market right now.
Investment Properties in Samana, Dominican Republic – From US $92,000
The province of Samana on the northern coast of the Dominican Republic is one of the most beautiful regions of the country. With long golden sand beaches set against a backdrop of lush groves of palm trees, Samana is rapidly emerging as the DR’s next big destination. For the time being, the area is quiet and unspoiled when compared to more established destinations such as Punta Cana. As a result, Samana is very much an emerging destination. Prices are much more affordable, while the potential for appreciation over time is huge as the area moves firmly on to the radar of tourists and the travel trade. These condos are located within one of the most exciting new condo-hotel developments in Samana. Enjoying beautiful water views and access to a collection of amenities and private beach club, the units would make a fantastic vacation home as well as a great investment. The units are expected to generate an annual return of 3% in the first year, 4% in the second year and 5% in the third year – guaranteed by the developer, while the condominium units which form part of the managed rental program are forecast to deliver an estimated return ranging from 5 to 8% per year.
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Investment Properties in Bavaro – From US $97,500
Located just north of Punta Cana, Bavaro is a very popular beach destination on the eastern coast of the Dominican Republic. Its white-sand beaches, which stretch from Punta Cana up to Bavaro Beach, overlook the glimmering turquoise waters of the Caribbean Sea. With a constant flow of overseas visitors, Bavaro is experiencing a boom in resort development. These 1-, 2- and 3-bedroom condos are located within a new resort community in the heart of Bavaro which surrounds a man-made white sand beach bordering a state-of-the-art and environmentally-friendly 30,000 square meter, private turquoise lagoon. With the lagoon at its heart, every unit within the resort is just steps from the beach and a world of amenities. There is much to excite investors too. The units come with the offer of a 6% annual return guaranteed by the developer for 2 years (subject to the purchase of a unit with furniture package).
Read more: Condos for sale in Bavaro
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Investment Properties in Bavaro-Punta Cana – From US $99,500
These new suites are also situated in the Bavaro-Punta Cana area. The suites will form part of a new condo-hotel development currently in construction by a highly experienced developer and resort operator just minutes from the beach at Playa Turquesa. Designed in a striking contemporary style, the chic units will enjoy access to a stunning roof-top infinity pool and restaurant. Priced at under $100k and offering annual returns estimated by the developer at up to 8% per year, these are some of the most attractively priced investment properties in the Dominican Republic.
Read more: Condo suites for sale in Bavaro-Punta Cana
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Investment Properties in Santo Domingo – From US $114,970
In contrast to the idyllic beach destinations of Samana in the north and Punta Cana in the east, Santo Domingo is the vibrant, bustling capital of the Dominican Republic. The city, which is the largest city not just in the country but in the entire Caribbean, is the economic, cultural and political heart of the Dominican Republic. As the country’s economy has expanded, Santo Domingo’s real estate market has gone from strength to strength. A growing population of increasingly affluent residents has driven demand for new, high-quality housing, while the government’s strategy of diversifying the country’s tourism offering by, for example, boosting cultural tourism in the capital, has stimulated the need for additional accommodation. These new serviced apartments are set to tap into this growth. The apartments are located within a new condo-hotel just a stroll from all the restaurants, shopping and nightlife in Piantini, one of Santo Domingo’s hottest districts. The location is not the only attraction. The residences also enjoy access to a fully equipped gym, a large private pool, a business center, a meeting area and concierge services. Best of all, the developer is offering annual returns forecast at up to 11.5% per year.
Read more: Apartments for sale in Santo Domingo
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Investment Properties in Cana Bay, Punta Cana – From US $116,000
Built by one of the most experienced property developers in the Dominican Republic, these new construction condos are located within a new 557-unit development set along holes 6 and 7 of the Jack Nicklaus-designed Hard Rock Golf Club at Cana Bay in the Bavaro–Punta Cana area. Te setting offers beautiful views over the golf course, as well as use of 3 swimming pools, 4 restaurants, a gym and the Cana Bay Beach Club at Arena Gorda Beach which is just a short walk away. Golf course, pools, beach club… What’s not to love? With all these amenities, the units are set to become one of the Dominican Republic’s hottest new places to stay, offering investors the opportunity to generate extra income from their investment. In fact, the developers are so confident in the property, they are offering buyers a guarantee of 6% annual returns.
Read more: Condos for sale in Cana Bay, Punta Cana
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Investment Properties in Playa Nueva Romana – From US $196,402
The province of La Romana between Punta Cana to the east and Santo Domingo to the west on the southeastern coast of the Dominican Republic is famed for some of the best beaches in the country and Playa Nueva Romana is no exception. Here soft white sands merge with impossibly turquoise waters to provide a postcard-perfect backdrop. Just footsteps from the beach are these 1-, 2- and 3-bedroom condos. The condos are located within a gated residential beach and golf community which enjoys access to an unrivaled set of resort-style amenities from multiple pools and a beach club to an 18-hole championship golf course. An investment in these units also offers the potential to generate of the best rates of return in the Dominican Republic. Buyers who placing their unit in the development’s rental pool are forecast to enjoy rental returns estimated by the developer at 12% to 18% p.a. with a minimum return of 3.5% p.a. guaranteed by the developer.
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Investment Properties in Punta Cana – From US $287,355
These stunning condos are located within a recently built condo-hotel development right on the beach in Punta Cana which has already been awarded a Travellers’ Choice award and Certificate of Excellence by TripAdvisor in the relatively short time it has been in operation. The prized beachfront location, attention to detail and the opportunity to generate a significant Return on Investment (ROI) have made these condo units some of the most sought-after investment properties in the Dominican Republic. As a result, practically all units are now sold out. Only a handful of new and re-sale units remain available to purchase. Move quickly to benefit from annual returns of 6% to 7% guaranteed by the developer for a 5 year period.
Read more: Beachfront condos for sale in Punta Cana
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Finding the Perfect Investment Properties in the Dominican Republic for You
So, whether you’re looking for studio condos in a new condo-hotel or beachfront apartments in stunning resorts, there are plenty of options to consider from across the Dominican Republic.
For details on all these Dominican Republic investment properties plus many others, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
To discover more, explore Dominican Republic real estate on our website and find your perfect Dominican Republic investment property with 7th Heaven Properties.