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Prepare for a winter escape in your Dominican Republic home
It may be sun and blue skies at the moment, but for those in the northern United States and Canada, the snow and ice of winter are likely to be with us before the year is out.
So now is the ideal time for Snowbirds to prepare for a winter escape in your Dominican Republic home to enjoy the warm weather of Punta Cana, in the Dominican Republic, where winter temperatures typically range from 21 deg C (70 deg F) to 29 deg C (84 deg F).
If you buy your own home, you have full control of how you spend your winter – either missing the entire season of snow or coming when you like and earning income by renting out your property when you are not there.
Leading resort community developer Noval Properties has more than 2,000 luxury homes near golf courses, waterfront and beaches which are ideal for snowbirds, retirees and vacation property owners to buy.
Luxury one and two-bedroom apartments with spacious floor plans, balconies from US$272,000 at the new Ocean Bay resort, Punta Cana’s premier first-class luxury development on Bavaro Beach are attracting attention. Deluxe rooftop penthouses are also available. jacuzzi, garden terraces, and summer kitchens.
Central air- conditioning, Italian floors, granite countertops and top-quality appliances, oven and stovetop are all included.
The outstanding private amenities at Ocean Bay include an infinity pool with an ocean view, spa and fitness center, global-inspired restaurants, the kids club, and a fresh market. Ocean Bay also provides a five-star hotel-style service concierge services.
Owners renting out their property can take advantage of Noval Properties’ dedicated residential management team, which takes care of all aspects of renting the home and offers up to a 10% return on investment each year.
Foreign real estate buyers in the Dominican Republic are exempt from tax on transfers of property rights, 3% of the property value and annual real estate tax (IPI) for 15 years, which is equal to 1% of the assessed value of the property.
Capital gains have averaged 6% over the last few years, providing property owners with extra equity.
The Dominican Republic has one of the fastest-growing economies in the Caribbean.
Ocean Bay provides luxury living for snowbirds looking for a winter escape in one of the world's most exciting, colorful, and stunning destinations in the Caribbean. It is close to fine-dining restaurants, stores and shopping malls.
The holiday hotspot of Punta Cana is within easy reach, including the international airport, health care facilities, leisure and entertainment attractions, shops and restaurants.
COVID-19 restrictions have been easing and at the time of writing most travelers do not need to present a negative COVID-19 test upon arrival to enter the Dominican Republic. Many airlines have resumed flights to Punta Cana airport
Random breath tests may be carried out on arrival, but passengers who have a vaccination card at least three weeks after the last dose, or a negative PCR test within 72 hours after arrival will be exempt from the breath test. Temperature tests will be taken for all arrivals. Check the latest COVID travel requirements here.
Contact our sales executive [email protected]