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🇩🇴 Dominican Republic

Housing

The Dominican Republic's property market is booming — foreigners have full ownership rights, prices are among the lowest in the Caribbean, and the government actively encourages foreign real estate investment through the CONFOTUR tax incentive program offering property tax exemptions for up to 15 years..

$700–$1,500/mo

1-BR Rent (Piantini)

Furnished modern apartment, gated building

$500–$1,000/mo

1-BR Rent (Las Terrenas)

Beach town — furnished, near ocean

$80,000–$250,000

Property (Santo Domingo)

1-BR condo in Piantini/Naco

Equal to citizens

Foreign Ownership

Full freehold ownership; no restrictions

Up to 15 years

CONFOTUR Exemption

Property tax exemption on qualifying developments

Overview

The Dominican Republic's property market is booming — foreigners have full ownership rights, prices are among the lowest in the Caribbean, and the government actively encourages foreign real estate investment through the CONFOTUR tax incentive program offering property tax exemptions for up to 15 years.

Key Takeaways

  • Santo Domingo (Piantini/Naco): 1-BR furnished $700–$1,500; 2-BR $1,200–$2,500; most in gated towers with security, pool, gym
  • Foreigners can own property freehold with identical rights to Dominican citizens — no restrictions on amount or type
1

Renting in the Dominican Republic

The rental market is well-developed in expat areas. Most rentals in Piantini, Naco, and beach towns are furnished. Gated buildings with 24/7 security, pool, and gym are standard in the upper market.

  • Santo Domingo (Piantini/Naco): 1-BR furnished $700–$1,500; 2-BR $1,200–$2,500; most in gated towers with security, pool, gym
  • Las Terrenas: 1-BR $500–$1,000; 2-BR $800–$1,500; many with tropical garden settings near the beach
  • Cabarete: 1-BR $400–$800; less formal market; many short-term options through Airbnb or local agents
  • Punta Cana: resort-area prices — 1-BR $800–$1,800; mainly condo complexes with resort amenities
  • Finding rentals: Corotos.com.do, Facebook groups ('Expats in DR', 'Las Terrenas Rentals'), local real estate agents
  • Lease terms: typically 6–12 months; shorter-term at higher rates; deposits usually 1–2 months' rent
  • Utilities: electricity can be expensive due to high A/C use — budget $80–$150/month; many buildings include backup generators
2

Buying Property in the Dominican Republic

Foreigners enjoy equal property ownership rights. The CONFOTUR (Tourism Promotion) law offers massive tax incentives — up to 15 years of property tax exemption on qualifying new developments.

  • Foreigners can own property freehold with identical rights to Dominican citizens — no restrictions on amount or type
  • Santo Domingo (Piantini/Naco): 1-BR condo $80,000–$250,000; luxury penthouse $300,000+
  • Las Terrenas: 1-BR condo near beach $80,000–$180,000; beachfront villa $250,000–$600,000+
  • Punta Cana: 1-BR condo $100,000–$300,000; resort-community properties dominate the market
  • CONFOTUR incentive: qualifying new developments get up to 15 years property tax exemption + transfer tax exemption
  • Transfer tax: 3% of government-assessed value (often below market); CONFOTUR properties exempt
  • Annual property tax (IPI): 1% on combined property value exceeding DOP 9.86 million (~$170,000)
  • Due diligence: verify title at the Registro de Títulos; hire a Dominican attorney — title insurance is recommended
FAQs

Common Questions — Housing in Dominican Republic

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