Modern 3-bedroom apartments in Cap Cana

This attractive property is located in Cap Cana. Construction of the project will begin in April 2023, with planned completion in February 2025. The apartments are located 500 meters from the beach. The developer has ensured that apartment owners will have transportation to the beach. Units on higher floors will have sea views.

The apartments will be finished in what is known as a white line. This means that a fully finished kitchen and bathroom are provided. Closer to the completion of construction, the developer will prepare furniture packages to finish the property turnkey. The rent is $2/m2 and will also cover the cost of gas and water. Each apartment will be allocated one parking space. The developer also offers an administrative service. The cost will be 25% of each rental.

The area is extremely attractive. The project is located just 15 minutes from Punta Cana airport. Moreover, only property owners have access to the estate. It features a golf course situated right by the ocean, a lagoon, lakes with crystal clear water, and a marina from which boats depart for Saona and Catalina. It is also a place where equestrianism can be practiced.

The payment structure is as follows:

Reservation – $5,000 USD
First installment, upon signing the contract – 25% of the property value
During construction – 55% spread across installments
Upon handover – 20%

In the Dominican Republic, owners of primary market apartments can benefit from special tax law (CONFOTUR), which provides exemption from tax obligations such as:

property transfer tax (3% of the property value)

property tax – 1% of the property value annually

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