Dominican Real Estate Listings - Dominican Republic Real Estate
Playa Laguna Real Estate has launched their new website at www.PlayaLagunaRealEstate.com. The real estate will feature listings from Sosua – Cabarete, Dominican Republic. Sosua – Cabarete is located in the Puerto Plata province on Dominican Republic’s North Coast. This region of the Dominican Republic is unique in that this are is a top destination for ex-pat’s. The community consists of a mix of Americans, Canadians, English (from the UK), German, French and Russian communities. These communities all co-exist with each other in perfect harmony making this part of the North Coast truly a wonder. The region has over 20 different beaches and many spectacular restaurants, bars and clubs. Everyone is very friendly and helpful. While Spanish is the primary language here it is definately not a requirement that you speak spanish. You will get by just fine with English.
Playa Laguna Real Estate is located right between Sosua and Cabarete on Highway 5, just up Playa Laguna Road and right next to the famous Playa Laguna Hotel. Playa Laguna Real Estate has Villas, Condos, Lots, and Rentals available to view today. We also provide Construction contracting services if you plan to build. Visit the website today or give us a call at 809-901-3959. From the USA or canada call us toll free at 1-866-459-5596. We’d like to make Playa Laguna Real Estate your source for Real Estate in the Dominican Republic.
The 35,200 square meter (378,890 square feet) residential marina project being developed within Cap Cana by Grupo Velutini is to be built in four phases at an estimated total construction cost of approximately US$110 million. The luxury residential community will consist of approximately 300 units, including large waterfront residences and two, three and four-bedroom villas, townhomes and condominiums. In addition, the development will feature approximately 70 private docks for boats and yachts from which sport fishermen have ready access to world-class fishing. Full-scale construction of the first phase of the project, which includes land-leveling work and the building of 11 large, stately waterfront residences and 11 luxury villas, in addition to the development’s basic infrastructure, has already commenced and is expected to be completed in 2011.
“We are very pleased to be associated with Grupo Velutini as we continue to further our efforts of developing our property,” said Ricardo Hazoury. “Cap Cana is synonymous with the finest in world-class hospitality experience, and we are certain that this new real estate development will only enhance that reputation. This announcement serves to strengthen our ongoing efforts of enhancing the overall value of the project by attracting well-respected private developers that bring their own development capabilities, sales distribution networks and capital.”
Puerto Marina at Cap Cana represents the newest addition to Grupo Velutini’s portfolio of master planned community and commercial developments in the Caribbean and Latin America and the luxury project will serve to expand on Cap Cana’s vision of providing real estate products that would appeal to the upper end residential and tourism markets.
“We are very excited to announce the commencement of construction for the first phase of this landmark property. Our announcement is a clear indication of our commitment and confidence in the success of this project,” said Luis Emilio Velutini. “It is the first of its kind within the Cap Cana property and will serve as a building block for other future real estate investment projects within the Dominican Republic.”
Grupo Velutini has appointed Infinity Developers, S.A., a Dominican-based engineering and construction firm, as the main contractor, and Mexican-based GVA & Asociados to carry out the architectural design of the first phase of the project.
About Velutini & Asociados
Based in Venezuela, Velutini & Asociados is a real estate investment and development firm that has earned a strong reputation in the field of planning, construction, sales, and management of master-planned communities and commercial real estate developments in numerous countries in the Caribbean and Latin America.
About Cap Cana
Cap Cana is a 30,000 acre master-planned luxury resort and real estate community located on the eastern tip of the Dominican Republic in the Caribbean. The community is fully operational with championship golf and yachting facilities, a world class hotel, pristine beaches, a variety of dining and retail establishments and numerous other amenities. Since breaking ground in 2002, Cap Cana has invested approximately US$800 million in infrastructure and other improvements and has entered into contracts with aggregate value of approximately US$1.4 billion for the sale of approximately 1,500 units of real estate properties. Throughout this period, Cap Cana has delivered approximately 700 real estate properties to buyers, including retail and developer hotel lots, condominiums and villas. For additional information, visit http://www.capcana.com/ or call 1-809-227-2262.
Caribbean Sea and is 288 square miles with a population of 71,242. The beautiful landscape and the temperate climate are two of the things that make Dominica real estate so attractive to investors. Average temperatures in the daytime range from 75F to 85F but in the mountains the temperatures are even cooler. July through October marks the rainy season and January through April are the dry season. The island has their hurricane season from September through November.
Dominica real estate can range from the beachfront home to the estate in the mountains. Its natural beauty is a feature that is sought after by those who wish to get back to nature, whether it is in a vacation home, rental property or a fine inland estate. With tourism and agriculture being the mainstays of the island’s economy, Dominica real estate is still somewhat untapped.
Life in Dominica
Relocating to Dominica places you in a life that is not so different from living in the States or Europe. The government is democratically elected, but some of the political parties are not the same as in the States. For instance, the May 2005 elections voted the Labour Party in to a second term of office.
The cost of living in Dominica makes Dominica real estate very appealing because it is comparable and usually lower than living comfortable in the United States. Dominica real estate is very reasonably priced and rental properties and lower than many US properties. Additionally, most supermarkets in Dominica carry most of the same food items as those in the United States and Europe. Finally, Dominica is considered to be one of the safest countries in the Caribbean.
Building, renting and purchasing in Dominica
Dominica real estate is very inexpensive when compared to real estate in the United States. The most common home structure is concrete. The approximate cost for building your own concrete home ranges from $55 to $63 per square foot of living area. The price, of course, can go up, but a home built from wood is generally less expensive.
It does, however, require a great deal of work. Rentals in Dominica are very reasonable and are average or comparable to rent in the United States. The price does increase in certain areas, but the average is around $650 per month.
It would be a real treat to live in such a lush, splendid, mountainous area. A location that is perfect for snowbirds, Dominica is a little paradise tucked away in the Caribbean. Its mild, temperate climate is a major attraction for tourists and home owners alike, although you can expect somewhat heavier rains the farther you go inland. If you are a naturalist and love rain forests, mountains and natural beauty, then Dominica is the home for you.
The Dominican Republic is a good place to look into investments because the country encourages foreigners to come and buy property. They have made the buying process very simple for any buyer that is interested regardless of their citizenship. There are an endless number of Dominican Republic investment real estate properties available. Whether the buyer is searching for a vacation or rental home, apartment complex, or business there is an endless amount of properties to choose from. The prices of Dominican Republic investment real estate properties are very reasonable and are below average when compared to similar properties in other parts of the world.
This is a great time to take advantage of Dominican Republic investment real estate properties. With the increasing economic boom it has become easier to rent out properties. Oceanfront homes and businesses have become increasingly popular and they are relatively easy to rent. Most Dominican Republic investment real estate properties are great money making opportunities when utilized properly. However it is important to research the area that is being considered and make sure to be well informed before undergoing any business ventures. Before buying take into account any maintenance or other things that may need to be taken care of. If the buyer is not going to reside on the island full time he or she must make sure to hire dependable people that can take care of any problems that may arise. For those who are going to reside on the island and run their business it is important to find a good area to establish oneself. Properties in high tourism areas generally garner more attention and more amenities are available to produce a thriving business. These are things that may help to determine if an investment property is a good idea.
Dominican Republic investment real estate properties have several advantages that make them worthwhile. If a person chooses to rent out their properties the income obtained from the rent is tax-exempt which can make buying investment properties very appealing. The buying process is not complicated and positive results are usually obtained. There is no restriction on what foreigners may buy or sell and the government encourages foreign investors. Land permits are also easy to obtain however one should be knowledgeable of the rules and regulations that do exist. For example in some areas construction cannot take place within so many yards of the beach. Things like this should be taken into account before purchasing a Dominican Republic investment real estate property. The tourism market shows no sign of slowing down so as long as the weather and the beaches stay beautiful their will not be a shortage of patrons.
