Property Investment in the Dominican Republic
Why Invest?
- 10% guaranteed rental for two years
- Only 10% deposit required on the Villa
- No capital gains tax for twenty years
- Up to 90% mortgages available on the build
- 30% capital appreciation expected
- Prices are below market value and in US Dollars
- Villas include fitted kitchen and air conditioning
- Price increase after the first 33 villas sold
Within this planned Spanish-Caribbean style community, you can indulge in fine dining, stay fit at the world class fitness centre, party at the beach club, catch the sun at the seaside or sail and fish in the waters of Samana Bay, which is protected from the Atlantic Ocean. On the opposite side of the bay is a national park. The Villa Del Mar development is 1700 metres deep with a beachfront width of 225 metres. It is located only 15km from Samana (the second largest port on the island).
Samana Bay is a world famous sanctuary for the Humpback whales. During December to March, they come to mate and give birth to their young ones. Samana offers great diversity. Enjoy the small bays and islands with sandy beaches, aquatic sports, tours, and Lomo de Chivo golf course, nestling in its own hilly tropical garden. Three new large golf courses are planned in and around Samana area.
Development Features:
- Country: Dominican Republic
- Location: Samana Bay
- Type: Villa
- Units: 200
- Price: from just $195,750
Amenities include:
- Private beach and clubhouse
- Swimming pool
- 20 berth marina
- Bar and grill
- Gated community with 24 hour security
- Restaurant
- Fitness and spa facility
- Medical centre and supermarket
Plot Prices
Phase one plots are numbered 1 – 100 and prices start from:
Plots 1-33 = $52,000
Plots 34-76 = $54,600
Plots 77-100 = $57,330
Phase two plots are numbered 101 – 200 and prices start from:
Plots 101-125 = $80,000
Plots 126-150 = $84,000
Plots 151-175 = $88,200
Plots 176-200 = $92,090
Finance
Plots must be purchased in full and a 10% deposit is required to secure the villa. Total outlay will be the plot price plus 10% of the villa price, which based of the cheapest plot ($52,000) and villa ($143,750) equals $66,375, which is approximately £33,187.50.
Mortgages
Mortgages are available for 90% of the villa price. Interest rate is currently from 5.5% through the First Caribbean Bank (part of Barclays). The 5.5% to 7.75% (depending on credit standing) is an adjustable rate mortgage (ARM) with a minimum of one year and a maximum of seven years. Mortgages are subject to status.
Hotel occupancy
Currently over 560 hotel projects and 65,000 rooms have been developed in the Dominican Republic. In 2006 tourism reported $4,125,700,000 in revenue. The reason for all the hotel development in the Dominican Republic is because of the year round hotel occupancy rate of 73.9%.
Guaranteed rental income
Once the villa is built there will be a 10% guaranteed rental income for two years. After this it will be a 50/50 split with the management company.
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