Invest in Luxury Apartments in Dominican Republic

[narvala]

Luxury goods have always their market. In Dominican Republic there are actually developing splendid and luxury apartments.

I believe that is better to invest in a luxury apartment in a place that offers a high standard of life quality than in cheaper apartments that offer nothing to the buyer.

Dominican Republic is perfect for this kind of investments, and its government is protecting foreigner investors. I have to say that a large number of world personalities have a residence there (Julio Iglesias, Oscar de la Renta, Shakira, Vin Diesel, Ingvar Kamprad, etc), and many of them are developing their own projects. There must be a good reason, don't you think so?

We can advise you about where you have the best options to invest and facilitate at every stage of the buying process.

[Investy]

Having been to your island I would say its the least attractive tropical island Ive been to. Large, messy, not very magical, ok beaches (a couple of good ones but still not top draw). The area I stayed in was called Sosua, a really dusty smelly place full of plots of land with wrecks and weeds. We travelled quite a bit and went to the tip of the island where they said the best beaches were but they were not at all magical compared to other parts of the world.

The vegetation is also not very inspiring compared to say that I found on the BVIs.

You can buy luxury appartments for £100,000 in Nevis and St Lucia as well as Grenada and these for me a much prettier places.

[DRang3d]

The Dominican Republic:
Where would you recommend investing in the Dominican?

The Dominican provides yields of around 8% and had the highest occupancy levels in the world last year of 86%. This sounds great, but if you dont understand the tax implication, financing options & currency exposure you may find that is not a great investment location at all. By means of which legal entity would you recommend investors to purchase and why?

[narvala]

To Investy,

Obviously you don't know Dominican Republic. Is the second biggest caribbean Island and sure there are places you don't like. I think the same thing must happen to your country, and all the countries.

Sosua is a beach for dominicans, there are few tourists. You should take a look at all the developments that are being build in Punta Cana, Samana, Juan Dolio, to see that the investment posibilities that offer the island are incredible.

I would never recomend a real state investment into a small island like the ones you are proposing because of the difficulty you have to arrive there, so potential buyers are much less.

[Caribbean Star]

Originally Posted by narvala

To Investy,

Obviously you don't know Dominican Republic. Is the second biggest caribbean Island and sure there are places you don't like. I think the same thing must happen to your country, and all the countries.

Sosua is a beach for dominicans, there are few tourists. You should take a look at all the developments that are being build in Punta Cana, Samana, Juan Dolio, to see that the investment posibilities that offer the island are incredible.

I would never recomend a real state investment into a small island like the ones you are proposing because of the difficulty you have to arrive there, so potential buyers are much less.

I understand that a lot of the Punta Cana development doesn't have planning permission? And the eastern tip gets hit by hurricanes?

Add to that the sheer volume of development there, how will investors re-sell?

[narvala]

Originally Posted by Caribbean Star

I understand that a lot of the Punta Cana development doesn't have planning permission? And the eastern tip gets hit by hurricanes?

Add to that the sheer volume of development there, how will investors re-sell?

All new developments in Dominican Republic have planning permissions. A project needs also to be aproved by tourism development office. It can take some months. There are as well strict procedures to follow, since the number of bedrooms x hectare (density allowed), the height of the buildings or the percentage of the land destined to be a green zone.

Re-selling is working well, there is to much demand. Think that a lot of people from Europe and North America want to spend there their retirement.
Furthermore, if you don't want to re-sell the apartment quickly and you can afford to keep it for a period of time, I am selling apartments that the developers guarantee an 8% of net rental income for 5 years. (The developer is from UK). That can be an interesting option as well.

Prices in Punta Cana have risen around 300% in 5 years. Even Donald Trump is investing there.

But if you are worried about fiability of dominican development companies, and want more guarantee, I can offer you a explendid golf apartment located in White Sands (Bávaro - Punta Cana). The Guarantee consists that all the payments you do doesn't go to the developer account but to an account of a third company (An American Company) that will keep all your money safe until the end of construction. That means that if the Dominican Company in an hipothetical case enters in bankrupcy or close, or don't finish the construction, etc, your money will be returned to you.

About Hurricanes, yes, sometimes there are, but high level of construction standards minimize damages. I won't be worried about that.

[maneel.com]

can you provide more information..

[narvala]

Originally Posted by maneel.com

can you provide more information..

Sure Maneel.com I can give you all the information you request, but please can you be more specific. What kind of information are you interested in:

I have apartments in Juan Dolio, Punta Cana, Bávaro and I have as well villas in the countryside of Dominican Republic, a very interesting option, because dominicans are a little bit tired of heat. There is an interesting internal market for that development.

For the Bávaro apartments Stewart Title International Company guarantee: property title, ensurance policy, escrow services and if you want with personal assistance. Prices range from 133,000 USD$ to 247,000 USD$. Golf Course.

Apartments in Punta Cana Guarantee a net 8% rental income during 5 years prorogueable. And You don't pay taxes on purchase. You don't pay taxes on rental income. Property title is as well guaranteed. Prices range from 204,000 USD$ to 1,400,000 USD$. Private Marina and Golf Course.

Apartments in Juan Dolio. Interior designed by (the Actor) Andy Garcia's Sister. Near Santo Domingo. With a private marina. Luxury apartments. Prices range from 360,000 USD$ to 1,485,000 USD$

All the properties and developments I choose to sell from Dominican Republic are exclusive and have something in common, they offer a great life quality to its owners.

Maneel.com contact me if you want more detailed information.