For commercial property, the Dominican Republic has become the the new prime Caribbean destination for investors and developers looking for investment properties. Beach land is still reasonably inexpensive and many developers are building resort communities and investors are lining up for the opportunity to fund these lucrative developments. Recently dubbed the "next St. Barts" by the NY Times the Dominican Republic has seen a large influx of investors and developers over the past several years as an increasing number of consumers discover this island paradise where the prices are among the lowest in the Caribbean. Due to the recent volatile hurricane seasons many investors have rethought the location of their retirement and investment homes and many have chosen to purchase commercial real estate in Santo Domingo the Capital of the Dominican Republic where hurricanes are rare, prices are still reasonable and Zona Colonial and Santo Domingo Boulevar new remodelation, make Santo Domingo one of interesant to all investors.
On the last 3 Years 6 new big malls have been built in Santo Domingo, Blue Mall, Agora Mall, Silver Sun Mall, Novo Centro, Sambil etc. also new hotels in town like JW Mariott new 5 star hotel, Embassy Suites by Hilton, Crowne Plaza hotel, Holliday Inn and Hotel Boutique Puerto Malecon www.righotels.com
"Top 5 Places to Buy Real Estate in the Caribbean" see where the DR rates on Nuwireinvestor.com
"The Dominican Republic offers a new place in the sun" according to the NY Times - October
The DR is a "Small Island Big Investment Potential" according to MSNBC - July
DR-CAFTA has recently been past and this will further encourage investors and real estate prices in our already buoyant market. Check here for full information on DR-CAFTA.
This growing market has made the Dominican Republic commercial real estate a hot commodity for commercial investors buying property. The easy access to skilled and reasonably priced labor and materials combined with the high demand from consumers, especially for beach front properties, has allowed developers to make lucrative profits through commercial property in the Dominican Republic.
Law 158-01 on "Promotion of Tourism Development for Poles of Lower Development and New Poles in Provinces and Places of Great Potential, and Creation of Official Fund for Tourism Development" which grants tax incentives to investors undertaking tourism and development projects in many areas has drawn investors from across the globe to the Dominican Republic.
Please review our Hotels|Businesses page - for listings or some of our hotels, beach bars, restaurants and resorts. Or take a look at our Land page for our large beachfront development parcels, interior farms and individual lots. Not all of our commercial real estate properties are publicly available on line. Contact us today with your specific criteria and we will supply you with details on all of our available listings that meet your needs.
If you are considering a development in the Dominican Republic, we have experience with investors and builders.
We have many large beach front land parcels available at very reasonable prices per square meter, that are not listed individually on our website.
Contact us now for more information on Dominican Republic commercial real estate.