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Real Estate in the Dominican Republic Surges in Sales What happened? Tourist and Residential properties were especially popular in 2021 In January 2022, the General Directorate of Internal Taxes (DGII) fees from the sale of real estate in the Dominican Republic increased by 56.9% year-on-year. The number of real estate transactions in January 2022, including both transfers and mortgages, an increase of 41.4% is expected, which is 1,853 transactions more than in the same period of the previous year, the DGII report says.
Reasons: •The diversity of the market •The are no restrictions on foreigners buying property •The trust of investors •The promotion of tourism is the key point that has made Dominican real estate an attractive market for buyers •Foreigners have built resort housing for their living or investment and making a good profit •The number of new developments have tripled according to the permit office •Geographically close to the US, only 2.5 hours
Foreign property investment is incentives: •Tax-free receipt of pension income from foreign sources, including moving belongings to the country •Foreign buyers receive a 50% exemption from property tax •Exemption from taxes on dividends and interest income, generated within the country or overseas •Foreign buyers receive a 50% exemption from taxes on mortgages, when the creditors are financial institutions regulated by Dominican financial monetary law •Exemption from payment of taxes for household and personal items •Exemption from taxes on property transfers •Partial exemption on vehicle taxes •Developers are relieved of all national and municipal taxes for ten years, including the tax on the transfer of ownership to the first purchaser of a property, by Law 158-01 on Tourism Incentive.
Residential Construction By property type:
DETACHED HOUSES (ONE LEVEL):
SINGLE-FAMILY HOUSES (TWO LEVELS):
Construction costs rose by 11.8% y-o-y in February 2022, following annual rises of 13.3% in 2021 and 11.3% in 2020
Construction costs surged 15.2%, after y-o-y increases of 15.1% in 2021 and 10.1% in 2020
MULTI-FAMILY HOUSES (FOUR LEVELS):
MULTI-FAMILY HOUSES
Construction costs rose strongly by 16.7%, after y-o-y increases of 16.5% in 2021 and 8.9% in 2020
(eight levels or more): construction costs increased 15.1%, following y-o-y rises of 15.2% in 2021 and 10.4% in 2020
Location, location, location!
Let's see the fastest-growing developments zones
Know your way around Dominican Republic
While the sun and beach remain the country’s most sought-after attractions, the Dominican Republic continues to work to expand its competitive offerings in the tourism marketplace. Between adventurous Puerto Plata, lush Samaná, sunny Punta Cana, luxe La Romana, historic Santo Domingo, and more, the country prides itself on offering something for every type of investor.
Santo Domingo This city is in the South of the country and is its political, economic and cultural center. It is an authentic Caribbean metropolis with a rich historical heritage. The city was founded by Europeans and was their first permanent settlement in the New World. The old colonial city is why tourists come from all coastal hotels, despite the distance. Here we have all the main sights of the Old City, including Alcázar de Colón, Fortaleza Ozama, Catedral de Santa María la Menor, and others.
Current Listings Santo Domingo
PIANTINI
LOS CACICAZGOS
BELLA VISTA
US$ 325,000
US$ 975,000
US$ 1,800,000
2 Bedrooms 2.5 Bathrooms Construction of 2,152 Sq.Ft. Toal 2,152 Sq.Ft.
3 Bedrooms 3.5 Bathrooms Construction of 6,188 Sq.Ft. Toal 10,763 Sq.Ft.
3 Bedrooms 3.5 Bathrooms Construction of 7,534 Sq.Ft. Toal 16,145 Sq.Ft.
Punta Cana Punta Cana is the most famous of all the Dominican Republic destinations, thanks to the beautiful beaches and five-star hotels. Located on the southeastern coast of the Dominican Republic, Punta Cana offers summer all year round and a great beach holiday. Of course, here are the most picturesque beaches with white sand and crystal-clear azure water of the Atlantic ocean. Famous all-inclusive hotels, the most luxurious villas, and beach apartments will cater to every taste. It is never boring because you can always find something to do. For example, go on a private yacht, ride a zip line, try snorkeling, book spa treatments, or take a memorable photo session on the beach.
Current Listings Punta Cana
CAP CANA
BÁVARO
PUNTA CANA
US$ 4,800,000
US$ 980,000
US$ 520,000
6 Bedrooms 7 Bathrooms Construction of 12,636 Sq.Ft. Toal 33,691 Sq.Ft.
4 Bedrooms 4.5 Bathrooms Construction of 12,701 Sq.Ft. Toal 13,434 Sq.Ft.
2 Bedrooms 2 Bathrooms Construction of 1,400 Sq.Ft. Toal 1,400 Sq.Ft.
Samaná Samaná is not just a resort but a whole peninsula, one of the most picturesque Dominican Republic destinations. The Peninsula is in the northeastern part of the country, and the Atlantic Ocean washes it. Here you can discover untouched nature with coconut groves, rivers, waterfalls, caves, and deserted beaches. Here we have dolphins and manatees, and even whales. In the nearby Los Haitises National Park, you can see amazing landscapes and learn about the region. The main attraction of Samaná is the 30-meter waterfall, El Limon.
Current Listings Samaná
SAMANÁ
LAS TERRENAS
COSÓN
US$ 600,000
US$ 3,300,000
US$ 850,000
3 Bedrooms 4 Bathrooms Construction of 4,843 Sq.Ft. Toal 4,843 Sq.Ft.
4 Bedrooms 4.5 Bathrooms Construction of 9,149 Sq.Ft. Toal 40,483 Sq.Ft.
7 Bedrooms 7.5 Bathrooms Construction of 4,574 Sq.Ft. Toal 12,023 Sq.Ft.
La Romana The province of La Romana is in the South-East of the Dominican Republic, 110 km (about 68.35 mi) from its capital, Santo Domingo. The resort is on the Caribbean coast. Now, La Romana is one of the most luxurious Dominican Republic destinations. For example, many world celebrities, actors, and singers such as Beyoncé, Jay-Z, Pitbull, P. Diddy, and Cameron Diaz choose the resort of Casa de Campo, located in the province of La Romana. Clean beaches with white sand and crystal-clear blue water ensure an unforgettable beach holiday.
Current Listings La Romana
CASA DE CAMPO
BAYAHIBE
CASA DE CAMPO
US$ 2,350,000
US$ 945,000
US$ 3,950,000
6 Bedrooms 6.5 Bathrooms Construction of 12,163 Sq.Ft. Toal 34,000 Sq.Ft.
3 Bedrooms 6 Bathrooms Construction of 4,919 Sq.Ft. Toal 8,406 Sq.Ft.
6 Bedrooms 6.5 Bathrooms Construction of 17,650 Sq.Ft. Toal 32,291 Sq.Ft.
Puerto Plata Puerto Plata is on the Atlantic coast in the North of the Dominican Republic. It is different from the famous and crowded Punta Cana. Puerto Plata is worth choosing if you do not like crowds, are not interested in the nightlife, and want a quiet beach holiday. There are several resorts in Puerto Plata – Sosua, Cabarete and Playa Dorado. There are gorgeous sandy beaches, but it is not the only reason to come. Compared to the southern coast, there are steeper waves. They create excellent conditions for an active holiday and water sports. This is a fantastic place for surfers.
Current Listings Puerto Plata
SOSUA
SEA HORSE RANCH
CABARETE
US$ 890,000
US$ 670,000
US$ 1,500,000
7 Bedrooms 6.5 Bathrooms Construction of 8,611 Sq.Ft. Toal 21,075 Sq.Ft.
4 Bedrooms 5 Bathrooms Construction of 7,147 Sq.Ft. Toal 9,687 Sq.Ft.
4 Bedrooms 4.5 Bathrooms Construction of 10,127 Sq.Ft. Toal 6,420 Sq.Ft.
Featured Listing Sunset Residences Punta Cana
Residential Resort with private Beach, Pool and many amenities, it offers Studio Condo 1 Bedroom 1 Bath 2 Bedrooms 2 Baths 2 Level Penthouse Next to White Sands Golf Course
Work with the best Minds In The Business
Alex Martinez
Nurit Coombe
Matt Fermin
Sobeida Laboy
MANAGING PARTNER
MANAGING PARTNER
MANAGING DIRECTOR
MANAGING DIRECTOR
Let's Work Together
Rafael Romero
Jasmin Nivar
Marcus Boereau
DR’S OFFICE DIRECTOR BUSINESS DEVELOPER
SENIOR AGENT
SENIOR AGENT
Natali Rodriguez
Claudia Mañon
SENIOR AGENT
SENIOR AGENT
Social Responsability Supporting good causes ALDEAS INFANTILES SOS Is a non-profit organization that works for the right of children to live in a family. They work directly in care, education, food, and health in pursuit of children who have lost parental care or are at risk of losing it. They serve more than 350 children, adolescents and young people in family-type residential care programs in vulnerable areas such as Los Jardines del Norte, Los Mina, and Santiago de los Caballeros. With the contribution of special fees from sales generation, we will become a recurring donor of this organization as well as others that support the new generations. These contributions will impact the health, education, care, and food that provides family-type residential care programs.
Thank you!