The Ultimate Guide to Investing in Aruba
Are you thinking about buying property in the Caribbean? Are you looking to invest in Aruba real estate?
We have put together this guide for investors considering making an investment in real estate abroad and wondering whether Aruba might be the best place to choose to buy property, whether that might be a villa, a condo or a parcel of land.
Here we take a look at the top reasons for buying property in Aruba and for investing in an island renowned for its world-class beaches and relaxed lifestyle in the southern Caribbean.
7 Reasons to Invest in Aruba Real Estate
1. Idyllic Destination
2. Safe Destination for Investment
3. High Standard of Living
4. Unrestricted Property Rights
5. Several Routes to Residency
6. Strong Tourism Sector
7. Easily Accessible
Best Places to Invest in Aruba
Investment Opportunities in Aruba
Find Out More About Investing in Aruba
From the allure of its powdery beaches and wild coves to its safe and secure investor-friendly climate, there are all kinds of reasons for choosing to invest in Aruba. Here are 7 reasons why this “One Happy Island” might be the right destination for you.
Tucked away in the warm and sunny southern Caribbean outside of what is often referred to as the hurricane zone, Aruba is a small, idyllic island offering a fantastic lifestyle. The island offers numerous powder soft white sand beaches which count among the best beaches in the Caribbean such as the wide expanse of Eagle Beach, lively Palm Beach where several luxury resorts are clustered, Malmok Beach which offers excellent snorkeling and Baby Beach – a calm swimming beach near San Nicolas popular with families. Besides the beaches, Aruba offers world-class conditions for windsurfing and kite surfing as well as other water sports such as snorkeling and water skiing. For those who prefer to spend their time on land, the island has consistently been ranked as one of the best golfing destinations in the Caribbean. Aruba has two golf courses: the Robert Trent Jones II-designed, PGA-approved golf course at Tierra del Sol as well as the 9-hole Divi Links course designed by Litten and Viola. The island also offers a great selection of restaurant, bars, nightlife and entertainment – all in all, fun in the sun for all the family.
As a constituent country of the Kingdom of the Netherlands, Aruba is widely considered a safe destination for investment. The country benefits from the security of being one of the four countries which comprise the Kingdom of the Netherlands (together with the Netherlands itself plus the nearby sister islands of Curacao and St Maarten) as well as the support of the European Union’s European Development Fund (EDF). Aruba has a democratic political system, a legal system based on the Dutch model and a currency (Aruban Florin) pegged to the US Dollar. The island is cosmopolitan and welcoming with two official languages (Dutch and Papiamento). English and Spanish are also very widely spoken and many people in Aruba speak all four languages making life in Aruba easy wherever you happen to come from.
Thanks to its close links to the US and Europe, Aruba has one of the strongest and most stable economies in the region. The island has a flourishing tourism sector which accounts for approximately 70% of GDP and has expanded tremendously in recent years. The growth in tourism has stimulated other sectors of the economy too such as construction. As the economy has grown, GDP per capita has steadily increased over the last decade, rising to $29,007 in 2017, which is higher than almost anywhere else in the Caribbean. As a consequence, Aruba enjoys one of the highest standards of living in the entire Caribbean.
Investors considering making an acquisition in real estate in Aruba will be reassured to learn that foreign buyers enjoy unrestricted property rights. The purchase process is relatively straightforward. There is no need to apply for any kind of Alien Landholding License (which is a common requirement in many other Caribbean islands) and foreign buyers can apply for local bank financing. Aruba has a well established real estate market with a wide range of investment opportunities from affordable condos by the beach at the entry level of the market through to large and lavish houses at the top end of the market. With demand high and continuing to rise, Aruba real estate also offers high potential for capital appreciation over the medium term.
Another advantage of Aruba is that the island is extremely welcoming and offers several routes to residency for qualifying foreign nationals. Overseas investors who own property in Aruba and are looking to spend up to 6 months per year on the island can apply for temporary residency, while financially self-sufficient retirees meeting certain income requirements who are looking to move to aruba can apply for permanent residency.
Find out more: Retire in Aruba
For those considering making an investment in Aruba to generate income rather than for personal use, the island is also a great choice. Due to its popularity with overseas visitors (particularly tourists from the USA), owners of villas and condos in tourist hot spots have the potential to generate a significant Return on Investment. Particularly popular areas include Palm Beach, Eagle Beach, Malmok and Tierra del Sol among others.
Last but certainly not least, Aruba is both easy to get to and easy to get around. In a typical year, the island welcomes over 100 direct flights from the USA, Canada, the Caribbean and Europe, making it one of the most easily accessible destinations in the Caribbean. In addition, infrastructure across the island such as Queen Beatrix International Airport, highways and ports have all benefited from hundreds of millions of dollars of investment in recent years, so getting around is easy too.
Summary: A Rapidly Growing Investment Destination
In summary, whether it is the golf courses or the powder soft beaches that are calling you, Aruba is one of the best places to invest in the Caribbean. There is a wide variety of attractive investment opportunities across Aruba which could be your key to enjoying all the benefits of the island.
To find out more about where to invest, explore our guide to buying property in Aruba.
Discover investment opportunities in Aruba on our website:
- Search: Aruba real estate
- Search: Homes for sale in Aruba
- Search: Condos for sale in Aruba
- Search: Land for sale in Aruba
- Search: Hotels for sale in Aruba
7th Heaven Properties is here to help you. We have the insight and advice you need to begin investing in Aruba real estate.
To find out more, contact 7th Heaven Properties, the Luxury Caribbean Property Specialist.
We look forward to working with you and helping you find your perfect property in Aruba.