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Studio Condos for Sale, Samana Bay, Dominican Republic

Samaná, Dominican Republic

Property ID: 33643

Studio condos for sale within a brand new condo hotel overlooking beautiful Samana Bay in the Dominican Republic.

Samana Bay, Dominican Republic – New Studio Condos for Sale

These new construction condos for sale in the Dominican Republic are located within a new, eco-sensitively designed condo hotel resort located near the town of Santa Barbara de Samana in the Province of Samana in northern Dominican Republic.

Set into the slope and surrounded by lush greenery, the resort will overlook Samana Bay, one of the most beautiful bays in the world.

The condos are located within a condominium development encompassing 200,000 square meters which will be developed in several phases and ultimately include 400 properties.

The first phase of development will span 28,765 square meters and include 7 buildings (4 floors) facing the sea with a total of 228 properties, including studio condos, 1 bedroom condos and 2 bedroom condos.

Hotel-Style Amenities & Services

Residents will enjoy use of a host of hotel-style amenities within the resort, including 3 infinity pools, gym and spa, beach club at Cayo Vigía (a small island located just off shore), restaurant, pool bar, recreational area, shopping area, large lobby / reception and underground parking.

Residents will also benefit from 24/7 security and a full professional management service to take care free of bill payment, maintenance and housekeeping.

High Estimated Return on Investment

These condos are expected to generate a significant return on investment.

The condo hotel units are expected to deliver an annual return of 3% in the first year, 4% in the second year and 5% in the third year – guaranteed by the developer.

The condominium units which form part of managed rental program are forecast to deliver an estimated return of between 5 and 8% per year.

High Quality Interiors

Built to international anti-seismic standards, each unit will feature open living-dining area with modular kitchens, bedrooms with integrated bathrooms and large balconies overlooking the water.

The units will be beautifully finished in a contemporary style with marble and ceramic floors, granite kitchen countertops and equipped with air conditioning.

Beautiful Samana Bay, Dominican Republic

Samana Bay is an astoundingly beautiful location in the province of Samana in north-eastern Dominican Republic.

The area offers some of the most beautiful beaches in the Caribbean and is perfect for activities such as whale watching.

Samana Bay is situated 45 minutes from El Catey International Airport, 186km from Santo Domingo and 3 hours from Punta Cana.

Permanent Residence

Through a minimum investment of US $200,000 in these Samana condos for sale it is possible to apply for permanent residence in the Dominican Republic.

Buyers will enjoy fully owned title.

Payment Terms

Not Financed

  • US $5,000 deposit – upon signing reservation agreement
  • 10% – upon signing promise to purchase agreement
  • 60% – payable quarterly from date of signature of promise to purchase agreement
  • 30% – upon signing the sales contract or delivery of title (second quarter 2020)

Financed

  • US $5,000 deposit – upon signing reservation agreement
  • 10% – upon signing promise to purchase agreement
  • 40% – payable quarterly from date of signature of promise to purchase agreement
  • 50% – upon signing the sales contract or delivery of title (second quarter 2020)

Tax Benefits

This project is certified in law 158-01 in the Dominican Republic, which grants exemptions on Property Tax and Transfer Tax to the purchasers.

A guide to Dominican Republic

  • Average asking price $1,837,604
  • % + or - average property price -12%
  • Property price range $92,000 - $16,000,000

Reasons to invest in Dominican Republic

  • Sophisticated real estate market offering high quality property for sale and excellent value for money for prime beachfront homes.
  • Very high rental income generating potential as the Caribbean's most visited tourism destination - the Dominican Republic recorded over 6.5 million visitors in 2018.
  • Highly accessible destination welcoming 70+ flights per day from the USA and Europe and excellent air links with the Caribbean and South America.