property for sale
Villa del Mar

Embracing the gentle waters of Samana Bay and located only 15 minutes from El Catey international airport, Villa Del Mar with its private beach club, swimming pool and marina is truly the gateway to paradise. This is an excellent opportunity for investors to buy a plot of land in the Caribbean, with a resale price of $100,000** (£50,000*) after only one year!

With the boom in development and leisure facilities around Samana, including the new golf course, proposed marina west of Las Terrenas and the new international airport in the Samana region, property prices are rising rapidly and now is the time to buy!

Depending upon the proximity of the beach a typical property with three to four bedrooms with a swimming pool in a gated community, would be worth between US$ 250,000 - US$ 500,000. In the future substantial growth is expected, similar to the other Caribbean islands.

The Dominican Republic is located on Hispaniola Island, the second largest island of the Caribbean. With impressive beauty and great variety, it is surrounded by the Caribbean Sea and the Atlantic Ocean and has palm beaches and tropical nature plus mountains reaching up to 3175 metres.

Samana Bay is a world famous sanctuary for the Humpback whales. During December to March, they come to mate and give birth to their young ones. Samana offers great diversity. Enjoy the small bays and islands with sandy beaches, aquatic sports, tours, and Lomo de Chivo golf course, nestling in its own hilly tropical garden. Three new large golf courses are planned in and around Samana area.

Within this planned Spanish-Caribbean style community, you can indulge in fine dining, stay fit at the world class fitness centre, party at the beach club, catch the sun at the seaside or sail and fish in the waters of Samana Bay, which is protected from the Atlantic Ocean. On the opposite side of the bay is a national park. The Villa Del Mar development is 1700 metres deep with a beachfront width of 225 metres. It is located only 15km from Samana (the second largest port on the island).

Once the villa is built there will be a 10% guaranteed rental income for two years**. After this it will be a 50/50 split with the management company.

Mortgages are available for 90% of the villa price. Interest rate is currently from 5.5% through the First Caribbean Bank (part of Barclays). The 5.5% to 7.75% (depending on credit standing) is an adjustable rate mortgage (ARM) with a minimum of one year and a maximum of seven years. Mortgages are subject to status.

Currently over 560 hotel projects and 65,000 rooms have been developed in the Dominican Republic. In 2006 tourism reported $4,125,700,000 in revenue. The reason for all the hotel development in the Dominican Republic is because of the year round hotel occupancy rate of 73.9%.