EXPERTS VALUED GOVERNMENT AND BANKS MEASURES POSITIVE TO ENHANCEMENT OF REAL ESTATE MARKET IN DOMINICAN REPUBLIC Economic and political conditions are working together for a revitalization of the Dominican Republic real estate market. Competitive interest rates, moderation in prices and recent changes in the legal framework are some of the aspects that contribute to the revival of the real estate sector. On August 2014, the Constitutional Court (TC) declared unenforceable Article 3 of Decree No. 4807 of 16 May 1959 on Control of Rent and Evictions, prohibiting the expulsion of tenants unless has ordered the cancellation of the contract for non-payment, to use the rented property for a different purpose (whenever detrimental to the owner or contrary to public policy or morality), by sublet all or part of the property, among other reasons. Thus giving homeowners the power to conclude rental agreements to the expiration date, if deemed appropriate. Another circumstance that has boosted the sector is that investors and builders have decided to venture into economic projects and banks are offering competitive interest rates for the real estate market. We are seeing interest rates of around 7% to 8% for all types of properties and everything kind of price. Contact us for information about our apartments in the Cocotal Golf & Country Club, a residential resort located in Playas de Bávaro - Punta Cana, Dominican Republic.
President Medina inaugurated 2 New Hotels in Punta Cana President Danilo Medina participated last Tuesday, March 25th, into the inauguration of two new hotels and a water park built by the Blue Diamond Hotel & Resorts chain with an investment of over 250 million. New hotels Royalton Punta Cana and Memories Splash Punta Cana, will provide 1,010 rooms, 11 bars and 8 restaurants for the tourism and bringing employment to the Punta Cana region. President of Sunwing Travel Group, which owns the hotel chain Diamond Hotel & Resorts, said that his investment in the country is the result of political, economic and leadership stability featuring the Dominican Republic. Stephen Hunter congratulated to President Danilo Medina for having created the necessary to allow foreign investment in this Caribbean nation. The hotel executive said that in the country also operates the airline Sunwing Airlines with 34 aircraft and an average of 32 weekly flights to Dominican Republic, giving the economy more than $ 130 million a year. He said the project was done in record time of eight months thanks to strong collaboration and the skill and dedication of more than a thousand workers on site. Hunter announced that Blue Diamond will build a third hotel, with an investment of $ 50 million, which will provide 320 rooms at Punta Cana area. The best time to invest in Dominican Republic, especially in Bavaro and Punta Cana Bavaro Beach - Punta Cana Minister of Tourism, Francisco Javier García, highlighted the confidence that investors are having in the Dominican Republic and highlighted as shown in the opening of two new hotel projects from Sunwing Travel Group and the Dominican State investment and commitment to the [...]
Electronic festivals celebrated in Dominican Republic have in Desalia its peak . That's what it was made evident when some 5000 people moved to the beat of pulsating music djs hand this year made the audience dance until Sunday morning. Bob sinclair in Punta Cana - Desalia The French DJ and producer Bob Sinclar, was the star of a night that as in each edition, the attendees were dressed in white, which is part of the visual interpretation of rhythm, dancing on the sand on the beach "Cabeza de Toro" in Punta Cana Bob Sinclar, many prefer to call Sinclair marked global trends in electronics from his native France. Be recognized by the "French touch" a musical subgenre that explores a new sound side of house music and dancehall. Christophe Le Friant, his real name, gained popularity by placing on top of the world rankings with "Love Generation" and " World, Hold On " from her album " Western Dream", in 2006. Its successful hit was "Gym Tonic". Sinclar also left footprints with " Lala Song" by The Sugarhill Gang and "Born in 69". In 2011, he recorded with Italian Raffaella Carra a revamped version of his classic 70's "A far l' amore comincia your" renamed "Far l' amore (Making Love)". The topic is part of "Disco Crash" (2012), which contains songs like "Rock the Boat" and "Fuck With You" . The party in RD Punta Cana was a party that started from the entrance, where carnival stilt characters and outlandish costumes they welcomed those who came to the party. Arriving at the beach, a stunning white scenario where colorful shapes moving to the beat of the music projected. The festive event began [...]
The U.S. airline Seaborne recently announced the opening of several new direct flight services between Luis Muñoz Marín International Airport in San Juan Puerto Rico and the Cibao International Airport , Punta Cana and La Romana in Dominican Republic. The opening of this new route will begin Saturday March the 15th and to commemorate this launch, the airline is offering one-way tickets for USD$99 including taxes , giving users until 28 February to make reservations and to travel from the 15th of March to the 26th of June. Through a recent statement the airline said that these new services between San Juan in Puerto Rico and Santiago, Punta Cana and La Romana in Dominican Republic is a major step for the tourism industry. The organization said that Santiago is the third destination announced in the Dominican Republic. The other two are La Romana, to expand its services only on Thursdays and Sundays, a daily service starting on the 15th of March, and Punta Cana will have daily flights starting after the 14th of February of this year 2014. The company advanced its flight schedules for this new routes, departures are contemplated in Santiago at 13:45 and 16:00 pm and departures of Puerto Rico at 6:45 and 9:00 am . Seaborne also announced it will be the first Caribbean airline to allow their passengers to use cell phones, electronic devices and tablets in airplane mode, counting with the approval of the Federal Aviation Administration, they have indicated that Seaborneaircrafts completed a tolerance tests of carriers to ensure safe operation of the devices.
PUNTA CANA | Public Works Minister, Gonzalo Castillo, left Saturday started work on the construction of several highways and restarting the Tourist Boulevard East, for finalization, noting that this action demonstrates the priority the government being given to tourism in the Dominican Republic. For the start of major roadworks, Castillo broke ground in a ceremony held on the road Arena Gorda, Bavaro and Punta Cana, along with tourism entrepreneurs, executives of RIZEK and Odebrecht construction, as well as officials and authorities the province. He said that the road works whose construction works were implemented are the Ring of San Pedro de Macoris (17 km) , which will have four lanes and were built three distribution as well as the road between this city with La Romana (22 km) . Work will also be restarted to complete the Beltway La Romana (15 km), the Tourist Boulevard East (30 km) road Macao- Miches - Sabana de la Mar (110 km) . Castillo said that with the exception of the latter route , the above will be finished by December 20 next year, when you start the tourism season . He said that these road infrastructure " motivate new investments for the construction of hotel rooms will be needed to accommodate the 10 million tourists that is the goal to which it aspires President Medina to visit us every year , and that they stay with desire return back to the country. " The owner of Public Works explained that the start and restart of the works carried out following a value engineering process thereof, and have reached an agreement with the contractor Odebrecht , in every detail . "With this step, the President of the Republic, Danilo [...]