Overview – The Dominica Real Estate Market
Located north of Martinique and St Lucia, Dominica is a spectacularly green island of rainforest-covered mountains, 365 rushing rivers, 23 waterfalls and black sand beaches. A nature lover’s paradise, the island has made a great effort to protect its pristine landscape and encourage sustainable eco-tourism. In the process, Dominica has managed to avoid the mass tourism that has come to other destinations, preserving the spectacular natural beauty for the lucky few.
The Dominica real estate market therefore largely comprises individual homes nestled in nature rather than the large resort property that is common on other Caribbean islands. Plots of beachfront land are also available, often at a significantly lower price than other Caribbean locations. There are plans afoot for a Chinese-funded new international airport in Dominica, as well as the island’s first large luxury hotel. Both projects are expected to provide a boost to the real estate market.
Search Dominica Real Estate Listings
As specialists in luxury Caribbean property, we can introduce you to a wide selection of the finest residential property, land for sale and commercial real estate in Dominica.
Our agents on island can offer unrivaled local insight into the market and the most desirable investment opportunities.
To discover your perfect property in Dominica, search Dominica real estate listings.
For those considering investing in Dominica real estate, there are several areas of particular interest on the western coast of the island, including Portsmouth, Salisbury and around the capital Roseau.
Calibishie & Marigot
The towns of Calibishie and Marigot on the north-eastern coast of Dominica are surrounded by picturesque, rugged and unspoilt greenery, sparkling rivers and palm-fringed beaches. Existing homes are available, as well as plots of land – both beachfront and hill-side.
Lush, green Central Dominica also offers some beautiful homes nestled in nature – ideal for relaxing surrounded by almost untouched forest and sparkling waterfalls. Offering stunning views of the green forest-covered mountains, there are large parcels of land for sale in Central Dominica, which would be ideal for agricultural use, farming or the development of an eco resort.
Buying Property in Dominica
Foreign buyers can acquire real estate in Dominica but require an Alien Landholding License when purchasing more than 1 acre of land for residential purposes or 3 acres of land for commercial purposes. The license costs 10% of the value of the property.
Once you have made an offer and that offer has been accepted, a lawyer will draw up a Purchase and Sale Agreement. A surveyor will value the property and prepare new Survey Plans. You will also need to pay a 10% deposit which can be held in escrow by the seller’s lawyer. Once the balance plus all other fees have been paid, a Memorandum of Transfer is executed and title transferred.
Buyers are required to pay an Assurance (Memorandum of Transfer) fee of 1%, stamp duty of 4%, judicial fees of 2.5% and legal fees of 3%.
The seller is responsible for paying stamp duty of 2.5%.
Foreign buyers can obtain a residence permit for a period of up to 6 months.
Mortgages in Dominica
Looking for financing to fund the purchase of property in the Caribbean?
Contrary to popular misconception, it is possible for foreign nationals looking to invest in Dominica real estate to apply for a mortgage.
Our partner – a very well respected international financial organization – offers mortgages for qualifying non-residents buying, building or improving a second home in Dominica.
For more information, see our page on: Caribbean mortgages.
Dominica Citizenship by Investment Program
Dominica operates a Citizenship by Investment Program which offers qualified investors the opportunity to obtain full citizenship of Dominica in exchange for a significant contribution to the nation’s finances, either through a financial contribution to a government fund or via an investment in an approved real estate project.
Read more: Dominica Citizenship by Investment.
Dominica – Land for Sale
Purchasing a lot of land provides you with a blank canvas and the opportunity to build your dream home in Dominica.
Whether you are looking for beachfront land or a centrally located plot, we offer various lots of land for sale in Dominica.
For larger parcels of land for commercial development, please see our commercial real estate listings.
Saving on Your Purchase
You could save money when investing in Dominica real estate by using a foreign exchange expert to get the best rate for your property purchase. We have partnered with Halo Financial, a specialist in foreign exchange, to help you get the best exchange rates when making one-off or regular international payments for a property purchase in Dominica. To see how you could save money, read more: Foreign Exchange.
There are no direct flights to Dominica from the USA, Canada or Europe.
Take a flight to Antigua, Barbados or San Juan (Puerto Rico).
Then take a connecting flight via regional airline LIAT to Dominica’s Melville Hall Airport located on the north-eastern coast.
Antigua to Dominica: 40 mins
Barbados to Dominica: 60 mins
Puerto Rico to Dominica: 1 hour 45 mins