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Caribbean - Dominican Republic
The Dominican Republic is a nation on the island of Hispaniola, part of the Greater Antilles archipelago in the Caribbean region. The western third of the island is occupied by the nation of Haiti, making Hispaniola one of two Caribbean islands that are occupied by two countries, Saint Martin being the other. Both in area and population, the Dominican Republic is the second largest Caribbean island nation (after Cuba), with 48,442 km² and an estimated 10.1 million people.
The spirit and charm of the Dominican Republic is captured in its music, food, and national pastimes. Known for its professional baseball, handcrafted cigars, and annual music festivals, the culture of the Dominican Republic is never boring.
The museums and archaeological sites are vibrant, bringing the history of the Dominican Republic alive with antique treasures, jewels, and the cavernous time capsules left by a long lost culture. The Dominican Republic has a rich and storied history that traces back over 8,000 years to the arrival of the Taino Indians.
Following the island's discovery by Christopher Columbus in 1492, the Republic had epic interaction with the Spanish, French, Haitians and Africans. It's no wonder, then, how the Dominican Republic came to boast such an impressive collection of personal and cultural relics from centuries past. The country has done a magnificent job of maintaining and preserving these artefacts as well as the historical structures in which they’re housed.
Visiting the Dominican Republic’s major cities, especially Santo Domingo, tourists can easily become engrossed in the historical legends that accompany some of the oldest museums and archaeological sites in the New World.
Investment Options & New Developments in the Caribbean
Why Dominican Republic
The Dominican Republic is one of the most stable countries in the Caribbean and Latin America, economically and politically. It is also one of the fastest growing Caribbean destinations. As a result, the Dominican Republic offers secure and profitable investment opportunities. As tourism in the country is steadily developing, this tropical paradise with its investor friendly taxation and ownership policies, attractively priced land, and availability of cheap labour offers the potential for extraordinary profits.
Simply stated, the Dominican Republic is the bargain-hunters dream for safe real estate investment.
It’s a market that has yet to be discovered by the masses. However, with improved infrastructures and a rapidly growing tourist industry, the secret will soon be out. Even with the current world wide economic conditions, the Dominican Republic is holding strong and continuing to grow. Investment money is coming into the country from the US, Canada, Europe Russia, China, and other international markets.
MSNBC has aired a feature on by correspondent Kerry Sanders titled “Small Island, Big Investment Potential: Caribbean’s pristine Dominican Republic attracts waves of investors”. The article credits the surge of investor interest to several important factors, including the democratic government that welcomes foreign investors, an substantial increase in direct flights, and a great deal of recent good press.
On top of these factors-and perhaps most importantly-land is available at bargain prices and labour is cheap. 
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Dominican Republic law is very friendly to foreigners: Law 21-98 of 1998 specifies that no restrictions are to be placed on the acquisition of land by foreigners, and that ownership would be certified by a notary public (In the Dominican Republic a notary public must have a law degree). Investors hold a certificate of title in the investor’s name and are granted the same rights as residents.
Considerable foreign funds are being invested in the development of real estate projects geared towards travel and tourism. Resort communities of upscale villas and apartments are being developed to serve as vacation rentals or second homes. Analysts predict this trend will continue well into the next decade.
For example, Donald Trump has just signed a partnership agreement in the Dominican Republic to develop a luxury resort valued at over two billion dollars.
The average hotel occupancy rate in the Dominican Republic has been 74%-in the last two years. Currently there are only 70,000 hotel rooms in the DR, one quarter of what will be needed in the next 8 – 10 years to accommodate the projected increase in tourist visits.
Dominican Republic appreciation rates have been 20% annually. Fast growing regions may see appreciation rates as high as 50% in the coming years. Up to 90% LTV financing is available from both United States and Dominican banks, allowing investors to leverage their money.
- Emerging Property Market
- Exceptional value compares favourably against other Caribbean islands
- Politically Stable
- Exceptional Investment Opportunities
- Tropical Climate
- Superb continued projected growth
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