Dominican Republic for 167% guaranteed return on investment - Zameen News

Dominican Republic for 167% guaranteed return on investment

March 17, 2009 • news

Land offers the safe familiarity of an old friend in times of economic downturn. It’s a tangible asset and one which can never be taken away. As supply diminishes and demand does the opposite, land values almost always rise and at a much faster pace than property. So why not opt for a headache-free $45,000 USD investment into a plot of land in the Dominican Republic? And enjoy the added protection of a guaranteed buy-back in two years at 167% of asking price.

The lush paradise of the Dominican Republic basks in 26ºC all-year round and provides a colourful tapestry of cultures and landscapes which keeps even the most adventurous traveller returning for more. The eastern coastline boasts pristine white beaches, the longest coral reef on the island and more than a dozen golf courses designed by a who’s who of golf from Dye to Faldo, Gancedo to Nicklaus. This is the setting for Punta Cana, touted as the Dominican Republic’s most significant tourist resort, and known as the ‘coconut coast’ for its 30 miles of swaying palms - palms which offer their name to the area’s newest first-rate residential development.

Swaying Palms offers a wealth of living and leisure options from tennis courts and an oversized 850m² swimming pool to restaurants and supervised children’s play. But its real investment appeal lies in the plots. Fully serviced with utilities, the 500m² plots have permission for a 200m² footprint enabling a two-storey villa of up to 400m². Priced at just $90 USD/m² these are way below market value, up to 30%, with other plots in Punta Cana fetching around $300 USD/m². The land is freehold with full title deed and all you have to decide is whether to build or take advantage of a guaranteed buy-back.

Managing Director of GEM Estates, Andy Welland, comments, “As the well-known phrase goes ‘land is purchased by the acre but sold by the square foot’ and the disparity between entry prices and exit prices can be quite significant. Due to the sought-after location of Punta Cana and his below market value starting price, the developer at Swaying Palms can comfortably guarantee a buy-back at $75,150 USD in two years giving a fabulous return of 167%. What’s more, investors can choose whether to pay in either four quarterly or 12 monthly instalments after putting down the initial 20% deposit, all of them interest-free. This kind of safe secure investment doesn’t come up too often.”

Plot owners at Swaying Palms will have full access to all the facilities within this gated five-star community including the private beach. They can also take membership of the Owners Benefits Club which, amongst others, secures access to five of the top golf courses in the area and discounts 15% off food and drink at the beach club. Swaying Palms also has an on-site rental and administration office, wi-fi and satellite television.

Swaying Palms is less than 20 minutes’ drive from Punta Cana’s International Airport serving London, Birmingham, Glasgow and Manchester with direct flights of around eight hours in length.

[Easier News]