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Enjoy ‘The Cream of the Caribbean’

13th August 2008 Print
It’s the most visited island in the Caribbean, and now property investors have the chance to benefit from the Dominican Republic’s popularity with a new project on the east of the island, located in the Punta Cana region, currently the most popular and well-served tourist area in the country.

The development, which is called Swaying Palms, offers spacious two bedroom apartments from as little as 140,000 US dollars, and 210m² penthouses priced at 197,000 US dollars. Combined with an excellent location, the units at Swaying Palms offer the best property investment package available anywhere in the Caribbean, according to Mark Wilson from the International Property Investment Network (IPIN) – the investment arm of

“The location is second to none,” says Mark. “Just two minutes from a new modern highway, three kilometres to the beach, and 15 minutes drive to an international airport with easy connections to the United States and Europe. There are even ongoing discussions for direct flights to and from the United Arab Emirates and China. It’s no surprise then that this area is set to become the island’s prime residential location. In terms of investment, it doesn’t get much better than this.”

For sports enthusiasts there are nearby golf courses and a tennis club. Additionally, owners receive free membership to selected sports and leisure clubs. Other facilities include community swimming pools, 24-hour security, WiFi access, designated off-street parking, and an on-site rental management service.

Mark Wilson again: “This development offers sound rental potential within one of the largest Caribbean holiday destinations, with an estimated 7% rental yield per annum. The twelve month holiday season in the Dominican Republic allows for the highest possible returns in this respect, making it particularly attractive for investors.”

The Dominican Republic is a stable representative democracy, modelled on a US-style presidential system. That stability has led to considerable economic growth, combined with low taxation, low prices, and increased tourism. With that kind of backdrop in place, property investment in the Dominican Republic represents an excellent opportunity to make the most of an unrivalled list of favourable economic indicators.

And Swaying Palms, in conjunction with IPIN, is setting a benchmark in the region which will be hard to beat - truly ‘the cream of the Caribbean.’

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