Immediate rental income in the Dominican Republic

As part of GEM Estates’ timely shift towards dollar markets, the Dominican Republic has emerged as a serious contender for overseas property investors. The Caribbean is getting more affordable for Brits as the dollar sustains its downward adjustment against the pound and whilst some islands have a very high base to fall from, the Global Property Guide prices the average Bermudan beachfront villa with plot at an eye-watering $7,861 USD/m², the Dominican Republic sits right at the other end of the spectrum at $1,324 USD/m² and investment success is a dead-cert.

Punta Cana, touted as the Dominican Republic’s most significant tourist resort, is home to the White Sands Golf & Beach Resort, a multi-faceted development with a José (Pepe) Gancedo 18-hole course as the centerpiece. White Sands by name and white sands by nature, this phenomenal stretch of coastline has wedding-white palm fringed beaches lapped by turquoise waters idyllic for snorkeling, swimming and sundowner cocktails in a lazily strung hammock and this paradise is the location for the apartment development of Golf 1 Bavaro Playa.

Golf 1 Bavaro Playa forms part of White Sands Golf Resort and, aside from having golf and beach on its doorstep, also rubs shoulders with some hotels from the world’s finest chains – Riu, Iberostar, Sol Meliá, Barceló – all of which have luxurious all-inclusive resorts fronting the sands. The presence of these hotels brings dual benefit to owners at Golf 1 Playa Bavaro. First the operators of Ocean Blue and Ocean Sand Hotels, H10, are offering their on-site services at discounted rates, and second, and most important for investors, they provide an instant rental pool.

Why would a hotel provide guests for a freehold apartment development? Answer, the key staff and management teams of the dozens of elite establishments tend to seek out rental accommodation within striking distance of the ‘office’ and pay between $1,000 USD and $1,200 USD per month for a long-term contract. As the two bedroom apartments at Golf 1 Bavaro Playa are completed and the units fully furnished, this rental income can be realized immediately.

Golf 1 Bavaro Playa, named as it overlooks hole 1, comprises 90 apartments arranged across eight blocks and all are two bedroom, two bathroom with a Jacuzzi bath in the master suite. With fully fitted kitchens and air-conditioning plus modern décor and furnishings, the properties are set in subtropical gardens with attractive water features and access a communal swimming pool and gymnasium. With ample living area of 110m² all apartments have either a golf or pool view and private parking. Bathed in a warm tropical climate Golf 1 Bavaro Playa is ideally located for enjoying the best that The Dominican Republic has to offer under the sun from abundant watersports to hiking, bird-watching, shopping and hitting the dance floors or the casino baize.

Prices at Golf 1 Bavaro Playa start from $180,374 USD, expected rental income is $1,000 to $1,200 USD per month with community fees deductible at around $125 USD per month.

For more information, visit gem-estates.com.