Modern Apartments in Cap Cana, 2 Bedrooms

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

The apartments will be finished in the so-called white line standard. This means that a fully finished kitchen and bathroom are provided. Closer to the completion of construction, the developer will prepare furniture packages to furnish the property turnkey. The maintenance fee 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 of which will be 25% of each rental income.

The surrounding area is exceptionally attractive. The project is located just 15 minutes from Punta Cana Airport. Furthermore, only property owners have access to the residential complex. Within its grounds, there is 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 equestrian activities can be enjoyed.

The payment structure is as follows:

Reservation – $5,000
First installment, upon signing the agreement – 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 legislation (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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