The Dominican Republic has been ranked as an excellent destination to invest in real estate projects and its Cap Cana city as the best luxury enclave.
The St Regis Cap Cana Residences represent a new luxury real estate investment opportunity in the Caribbean, within the impressive Cap Cana Destination City, strategically located in the eastern part of the Dominican Republic, just seven minutes from the Punta Cana International Airport.
The Residences offer an idyllic paradise for those seeking the exceptional as they are in a privileged location facing the most spectacular beach in the area and surrounded by the award-winning world-class Punta Espada golf course.
The project, in addition to offering innovative and elegant architecture perfectly integrated into the environment, provides three distinctive pillars: exclusivity and modern luxury, immersive experiences for all the senses and the personalized service that characterizes the St Regis brand.
St Regis hotels are recognized worldwide for offering a variety of luxury accommodation options, including rooms, suites and private villas.
In this case, it will feature 200 hotel rooms and 70 residences, valued from $1 million to more than $20 million (900,000 euros to 18 million euros), with breathtaking ocean and golf views.
The real estate industry in the Dominican Republic has shown a constant and sustained growth in recent years.
The demand for properties is growing exponentially due to factors such as tourism, population and the interest of foreign investors.
In addition, the country is now ranked as an excellent destination to invest in real estate projects, since it is between 10% and 20% cheaper in price-quality ratio, than in the main capitals of Latin America, according to the Economic Commission for Latin America, ECLAC.
The Dominican government is also committed to attracting foreign investment and has implemented incentives backed by Law No. 16-95 and Law 158-01 (CONFOTUR), which include tax exemptions and reduced rates for buyers, as in the case of the residences of the St Regis Cap Cana.
It is important to highlight the important legal security that the country offers in this framework, for foreign investors and allows the absolute ownership of real estate for those who are not Dominican citizens.
Proof of this is the current treaty signed between Spain and the Dominican Republic to avoid double taxation and prevent tax evasion in the field of Income Tax, which came into force in 2014.
In the words of Don Dino Campagna, co-founder of St. Regis Cap Cana and president of Campagna Ricart: ‘luxury hotel chains such as Marriott International’s St. Regis Hotels, has earned a worldwide reputation for offering exceptional lodging experiences. And the case of St. Regis Cap Cana is absolute proof of its confidence in the country, in Cap Cana and in its developers and promoters.
Investing in this place is a highly secure and promising option, with a diversity of opportunities for Spanish investors looking for an idyllic vacation spot, to settle in an earthly paradise or to generate income through the rental program, which presents an attractive potential in the area.
St. Regis Hotel and Residences is set on more than 30,000 acres of natural beauty that highlights Cap Cana with its pristine beaches, varied vegetation, world-class golf course, recreational parks, equestrian city and an unparalleled marina with more than 130 docks that can accommodate yachts up to 150 feet.
Latest Developments
St. Regis Cap Cana, the only five-star real estate offering in the Dominican Republic, plans to complete construction as it opens in the first quarter of 2024.
It has already reached 50% sales since its launch in 2022, and counts -among its most prominent residents- Malaga professional golfer Miguel Angel Jimenez.
Source: Expreso.info
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