Surrounded by the azure Atlantic to the north and the turquoise Caribbean to the south, the Dominican Republic is an independent nation located just 800 miles from the United States, occupying the eastern side of the island of Hispaniola. Famous for its sheer natural beauty, this tropical isle of shimmering sands and lush jungles boasts nearly 1,000 miles of coastline, dozens of beaches consistently rated among the planet’s best, world-class seasonal whale-watching, magnificent national parks, spectacular mountain ranges, and remote, unspoiled lakes with a superb array of exotic and rare wildlife. Daily life vibrates and hums with the sounds of bachata and merengue pulsating across the island from rural colmados to posh city nightclubs. Delicious food is abundant as well, in cuisine as varied as your imagination, budget, and tastes. Visitors can choose from a multitude of activities including kitesurfing, windsurfing, sailing, paddleboarding, surfing, ziplining, scuba diving, snorkeling, horseback riding, golf, hiking, swimming, mountain climbing, whitewater rafting, sightseeing, and of course shopping and dining. Culture abounds as well. In Santo Domingo you’ll find the UNESCO World Heritage Zona Colonial, established in the 15th century and the oldest continuously inhabited original settlement in the Americas. Among the spectacular Colonial-era architecture you’ll discover museums, art galleries, and restaurants. Specialty tours including chocolate factories and cigar makers are found in many cities as well. An endless and diverse selection of vacation accommodations awaits visitors. With options ranging from glittering mega-resorts and secluded ultra-luxurious beachfront hideaways to eco-friendly jungle treehouses and rustic bubble glamping, the Dominican Republic has something to appeal to everyone.
With the fastest growing economy in Latin America since 2010 and a stable, modern government whose goal includes translating this growth into gains shared with the entire populace, opportunity awaits those seeking to invest abroad. Land and properties are available island-wide, from densely populated tourist regions and small cities undergoing renovation to rural beachfronts yet to be developed. Perhaps the greatest resource in the Dominican Republic is its people. The characteristic Dominican friendliness, helpfulness, optimism, and love of family are inspiring. Their typical strong work ethic and adaptability ensure a ready and teachable labor force for regional projects large and small. Growth is forecasted to continue, led by increased trade, investor confidence, and a spectacular rebound in tourism following the pandemic. U.S. direct investment in the Dominican Republic reached a record $1.4 billion in 2021, an increase of 87% compared to 2020 investment totals.
This sun-soaked nation has welcomed record numbers of tourists from around the world in 2023; the Dominican Minister of Tourism gives the total as 7.6 million in the first nine months alone. Airports worldwide have regular flights to business-minded cities Santiago and Santo Domingo, and tourist destinations Punta Cana, Puerto Plata, La Romana, and Samaná. American Airlines and JetBlue alone comprise much of US accessibility, with a staggering 600 flights per month to the Dominican Republic between these two airlines alone. United and Delta also have a presence. From Canada, Air Transat and Air Canada among other have regular flights to destinations throughout the Dominican Republic. Many European carriers include the island on their routes as well.
The Dominican Republic represents a stable government and an exploding economy in the Caribbean. It is a rich investment environment where prices for real estate, especially in the areas outside Santo Domingo, remain relatively low. Many areas, specifically in those with an economy related to tourism, are ripe for rapid increases in value and prices. Contact us for more information about investment in real estate in the Dominican Republic.
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