Not content with already being the top tourism destination in the Caribbean with 4.6 million visitors in 2012, the President of the Dominican Republic has set an ambitious goal of attracting 10 million visitors annually by 2022 and is looking east to China to realize it.
Keen to tap into the 80 million Chinese who travel the world today, the Dominican Republic’s Tourism Department has set out on a marketing campaign to make the idyllic Caribbean paradise into one of the Far East’s favourite destinations.
Commenting on the island’s tourism successes and future plans, Robert Gavin, director and founding partner of worldwide investment company Property Horizons, says: “The Dominican Republic is a prime example of how, even in the midst of an economic downturn, it is possible to drive tourist growth. Promoting every diverse attraction the island has to offer, the Dominican Republic has worked hard to outpace not only global tourism growth (4%) but the Caribbean too (4.8%).
Sun kissed beaches
“Carefully chosen as the location of our new ultimate lifestyle investment, the 5 star Eco Beach Resort & Spa, the Dominican Republic is already a highly popular tourism destination with US, Canadian and European visitors alike but now the word is spreading that it’s not only the perfect vacation destination but also for property investment, with buyers welcomed from near (Venezuela) and far (China).”
With an average annual temperature of 25 degrees, sun-kissed beaches, a lush mountainous interior to explore as well a rich history, welcoming people and some of the most affordable real estate in the world, the Dominican Republic can indeed live up to its claim to ‘have it all’.
An attractive spring break destination for North American snowbirds as well as a popular second home location for Europeans and Asian buyers, the island’s rental market is buoyant and properties are selling fast.
One development receiving plenty of interest is the Eco Resort & Spa available through Property Horizons. Located on the north coast, the resort lies only 45 minutes from Gregorio Luperon International Airport Puerta Plata, with daily direct flights from the UK, Europe, Canada and the US.
The development has full Town Hall planning for 320 luxury properties (Phase 1), ranging from luxury apartment suites to 5-bedroom bespoke detached villas. Solar power generation, recycling and spring-fed water supply are some of the features that will contribute to the resort’s eco credentials.
Amenities include restaurants, champagne bar, spa kitchen, 24-hour in-villa dining and service, spa, swimming pools, gym – fitness, steam rooms, saunas and Jacuzzis, tennis centre, horse riding, water sport centre with diving, wind surfing, sailing, entertainment centre and helipad.
There is currently a 20% pre-launch discount, up to 9% annual returns during the construction phase, up to 10% rental guarantee for two years and a 50% revenue share thereafter.
More information can be obtained by visiting Property Horizons at www.propertyhorizons.co.uk