If you haven’t invested in property in the Dominican Republic, specifically, in Punta Cana, then I’m not sure what you’re waiting on.
The Dominican Republic is the Caribbean’s top tourist destination with Punta Cana being the country’s top draw, accounting for nearly 60% of the country’s 6.18 million visits in 2017.
Situated on the easternmost tip of the country, Punta Cana boasts 32 kilometers of white-sand beaches lined with all-inclusive resorts and luxury condo complexes. Further inland visitors have access to strip malls, shops, grocery stores, restaurants, eco-adventure parks, and a host of other entertainment options.
The perfect blend of beaches and amenities makes this place a leisure vacationer’s paradise.
Given that it’s a strong, established, and growing tourism market, Punta Cana is a place that real estate investors should have on their radar.
To capitalize on the opportunity here, large hotel groups like, Spain-based, Melia Hotels and BG Hotels have begun to make their move into this market with huge multi-million dollar investments.
Individual investors, like you, can get in the game here as well… and you don’t need US$1 million to start.
In fact, we’ve just launched our newest development where units start at just US$135,000.
Our newest project, a 45-unit complex, Coral Bay, is situated in the luxury, master-planned community of Cana Bay.
In addition to the complex’s amenities which includes two, contemporary-styled pools and a social area, Coral Bay residents will have access to amenities of the Cana Bay including a private, oceanfront beach club, tennis and paddle courts, a wellness center and spa, and an eco-park. Further, residents will enjoy exclusive access to the facilities (a golf course, casino, and nightclub) of the neighboring Hard Rock Hotel.
Coral Bay features only one- and two-bedroom units, all with spacious floor plans, and fully-equipped modular kitchens with granite countertops, Italian porcelain tiles, and high-quality finishes.
Though we just soft launched Coral Bay in January and it’s still in the pre-construction phase—scheduled to be delivered by September 2021—the units have been selling well.
At the moment, out of the 45 units being offered, only 22 remain. So, I’d say, if you’re interested, then you need to act fast.
The prices for the remaining units start at US$135,000 for a 69.65-square-meter (750-square-foot) one bedroom unit and US$179,000 for two-bedroom units sized at 114.67 square meters (1,234 square feet).
There’s also two-level, two bedroom units available complete with a rooftop terrace with a Jacuzzi priced at US$219,000—a total of 205 square meters (2,207 square feet) including 90.73 square meters (973 square feet) of rooftop terrace space.
Developer financing is available. The payment terms are 20% due at signing, 60% to paid quarterly during the construction period and the remaining 20% on delivery of your unit.
Plus, you can reserve your unit at Coral Bay for only US$5,000.
We’re conservatively projecting occupancy levels of at least 60%. At this level of occupancy you’d be looking at net yields between 6% to 8%. That said, considering the location, beach access, and access to amenities I can see you achieving occupancy levels of 70% plus driving your net yields into the double digits.
These are turnkey yields as your units will be professionally managed by a rental management company vetted by us who’ll take care of everything from marketing, booking, and maintenance.
Why You Should Invest In A Coral Bay Unit
Coral Bay makes sense from an investor perspective for several reasons…
The project is situated in a market where tourism is strong and still growing meaning your short-term rental upside is huge. More, you’ll be getting higher rental yields since you’re buying at pre-construction prices.
It gives you several layers of diversity in terms of the asset and investment strategy.
The investment not only makes sense as a short-term rental, but, also, as a long-term rental for snowbirds and retirees, or a buy and hold for appreciation play (or resale for a profit once construction is complete).
You’re owning an investment located in the Dominican Republic, valued in Dominican pesos. With this one investment, you’ve got diversification through location of the property, the currency the property is valued in, and the property type.
The investment is fully turnkey, as the developer’s property management team will market, manage, and maintain your unit on your behalf. All you have to do is invest and collect your rental income.
We’ve got a proven track record with over two decades of experience and more than 100 infrastructure and real estate projects completed in the Dominican Republic… That is, you can count on Noval to deliver your unit thus minimizing your risk.
For investors looking for cash flow, I believe short-term rental is the play here. The tourism market is on an upswing and short-term rental demand is strong. Depending on your investment objectives, it could make sense to exit the investment once construction has been completed. You’re getting in at pre-construction pricing so, given price increases as construction progresses plus market appreciation, the value of your unit will increase by at least 20% once it’s delivered in 2021.
To ask a question or reserve a unit at Coral Bay, get in touch with one of our consultants at [email protected].