Noval Properties and The Reef: Responsible Development with Positive Impact

At Noval Properties, we are deeply committed to our environmental responsibility. Through years of meticulous planning and design, we have ensured that the The Reef development meets the highest standards of sustainability and respect for nature. 

Direct collaboration with the Dominican state

Noval Properties maintains its commitment to full cooperation with the authorities to clarify matters and ensure that the development complies with all pertinent regulations. 

We reaffirm our commitment to open and transparent communication, recognizing the importance of keeping the local community and stakeholders informed.

Our objective is for The Reef to not only be a landmark investment in Las Terrenas, but we also aim to leave a legacy to the community of this beautiful region of the Dominican Republic. We strive to be a solution for all residents of Las Terrenas and its natural surroundings. 

The development: commitment to the community and the environment

The Reef is not just a real estate investment; it is an investment in the community of Las Terrenas and its sustainable development. Throughout the planning and execution of this development, we have consistently sought integration with the natural environment and benefits for the local population. Some of the key initiatives we have implemented include:

• Environmental compensation: We have committed to planting 5,000 mangrove seedlings in the area with the aim of creating a healthier ecosystem and strengthening local biodiversity.

• Infrastructure improvements: The Reef includes a new access road that will enhance connectivity in the area, benefiting both residents and tourists. This infrastructure improvement has the potential to boost the local economy.

• Community initiatives: We have made efforts to enhance the quality of life in the area by promoting social and cultural initiatives.

The Reef development is designed to be a positive force for the region, both in terms of economic development and environmental preservation.

Our commitment to sustainability and transparency

Sustainability is one of the guiding principles of Noval Properties. It is not just about creating high-end residences, but doing so in a way that respects and conserves the natural surroundings. This commitment is reflected in the following initiatives:

• Wastewater treatment plant: The Reef will feature its own treatment plant to ensure that wastewater is treated and returned to the environment without causing pollution.

• Mangrove preservation: As part of our commitment to biodiversity, we have dedicated 26,000 square meters to the preservation of mangroves, a vital ecosystem for coastal protection and marine life.

• Reforestation and environmental management: We are implementing reforestation plans in surrounding areas and will continue working with experts to ensure that the entire ecosystem is preserved.

Response and future expectations

We firmly believe that all concerns can be addressed through collaboration and dialogue. We commit to continue working with the community and authorities to ensure the development meets the highest environmental and social standards.

The commitment of Noval Properties

At Noval Properties, we remain steadfast in our belief that development and environmental conservation can go hand in hand. Through collaboration with authorities and the community, we can ensure that The Reef development benefits both the residents and the ecosystem of Las Terrenas.

We pledge to continue working transparently and responsibly to resume construction as soon as possible and to advance towards building a better future for all.