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This is a fabulous opportunity to invest in Dominican Republic new construction ideal for vacations or an investment for the short-term vacation rental market. These brand new condos are located in a new gated development very close to the beach in El Cortecito in the heart of the Bavaro area of Punta Cana.
Scheduled for completion in January 2025, this development will comprise a total of 327 units (including 278 condos) across a 50,000 square meter site. Buyers can choose from the following formats:
All units come equipped with air conditioning and appliances such as stove, oven, extractor fan (furniture not included in the price).
Owners, residents and guests will enjoy access to a wide variety of amenities including a swimming pool (1,800 square meters), pool bar, children’s pool and children’s play area, beach volleyball court, gymnasium, co-working space, restaurant, mini-golf and large landscaped areas. A professionally managed rental service will also be available for investors seeking to generate a return on their investment.
This development is approved for the Dominican Republic’s “CONFOTUR”, a package of attractive tax incentives for investors. Those who invest in this project benefit from a generous 15-year exemption from both property tax and transfer tax. These significant tax advantages make investment in this project even more appealing.
