Property Off Plan - Property Investment - Buy To Let - Commercial
| Punta Pearla, Caribbean |
Why Invest In Punta PerlaThe Project:
Financial Incentives:
Attractions:3 Signature golf courses, Golf academy, Marina with over 400 moorings, Equestrian centre & Polo Field, Sports club & tennis academy, Beach Club & International Spa, Commercial centre (featuring cinema etc), Colonial style leisure area featuring chic bars and fine dining, Aqua park, Casino, Business Centre, Medical centre Guaranteed Rental Scheme”If only all of your investments could take care of themselves”Punta Perla is widely recognised as the largest dedicated leisure resort development in the World. It is continually courted by premier international tour operators and sets a new benchmark for international leisure resorts.Guaranteed rental has become a ‘buzzword’ within the property industry but few schemes could compare with the structure or yields offered by our Guaranteed rental scheme programs. 8% return on purchase price Guaranteed for five years (net of management and maintenance fees), mutually renewable for a maximum of up to 10 years. Growing MarketThe Growing Dominican Tourism MarketFor the past 25 years, the Dominican Republic has transformed its tourism sector into one of the most dynamic in the Dominican economy, and it continues to move ahead with exceptional growth. As the country’s biggest revenue earner, tourism has grown at an average annual rate of 12% and in 2006 accounted for approximately 21.3% (US 8.1 billion) of its GDP[1]. Moreover, the sector also generates 656,000 jobs, 18.4% of the total workforce, and generates almost half of the country’s foreign exchange. Looking ahead to 2007, the International Monetary Fund recently revised this year’s GDP forecast from 5.5% to 9.0% growth. So strong has growth been that the country recently surpassed even Dubai in terms of tourism growth. Seventeen hotels have been built within the last several years, there are now an estimated 65,000 hotel rooms in the country. With the industry booming and the homebuyers anxious to get their piece of paradise, the government is delicately working to balance private sector incentive with smart and sustainable development. Developers are looking to capitalize on new areas of flora and fauna, including its natural caves, reserves, forests, 300 species of birds, and 350 species of orchids. Perfect LocationThe Dominican Republic is unique in its centralized Caribbean coordinates that make it a great tourist destination: it is at the nexus of South, Central, and North America, as well as Europe, and tourist statistics reflect the fact that visitors find its geographic location ideal. The tourism and travel industry in the Dominican generated approximately $8.1 billion in 2006, growing 4.5% over 2005. Last year saw record arrivals nationwide, surpassing numbers on a quarterly as well as annual basis. According to the central bank, foreign air travel into the country totalled 3.3 million visitors, an increase of 8% over 2005. And, already this January saw a 5.5% increase in non-resident tourists entering the country as compared to the same period last year. With 76% of last year’s international arrivals being foreign tourists, the Dominican Republic historically attracts more European visitors (primarily from the UK, Spain, and Germany) than North American visitors. However, last year almost 48% of foreign visitors came from the US and Canada, surpassing for the first time its Europeans counterparts. Meanwhile, hotels developers are working to keep up with the demand. The number of rooms grew at an average annual rate of nearly 3% during 2000-2005, and 2006’s estimates are closer to 8%-9%. This brings the total number of rooms on the island to 65,000. Of the newcomers, Sol Melia’s Paradisus Palma Real opened in May 2006 with 554 suites, Cap Cana’s Villas Caleton began accepting guests, and four Gran Bahia Principe all-inclusive properties debuted in the fall and added 996 rooms. Occupancy rates in the Dominican Republic traditionally stand at more than 70%, except for 2001 and 2002 when the global tourism industry suffered from the events of September 11. As a testament to its growing popularity, the occupancy rates have remained stable even as the island continues to add rooms. When tourists visit, they typically will stay an average of 9.5 nights. Over 70% of the hotels have foreign operators and management companies. Among the international chains currently operating in the country are Sol Melia, Occidental Hotels, Barcelo, Howard Johnson, InterContinental, Renaissance, Allegro and Accor. However, the market, especially Punta Cana, is dominated by all-inclusive hotels. The island’s friendly tourism environment, low operating costs, lower local wages and food and beverage production, has clearly made the Dominican Republic more attractive to tourists and international brand operators alike. This growth has been further enhanced by the damage done to competing hotels’ slow recovery to profitable room supply in the Yucatan Peninsula in Mexico from recent hurricanes and the subsequent wave of re-bookings at Dominican resorts. Moreover, the re-bookings are expected to have a permanent effect on the sector, especially when those tourists experience the low density and spectacular beaches in the Punta Cana region. Properties
BrochurePunta Cana is located on the eastern most tip of the Dominican Republic where the surrounding area plays host to 47% of the country’s 3.4 million tourists.The resort of Punta Perla is set within 10 million square metres of the Punta Cana region and is the only beach-side real estate available for a development of this quality, magnitude and national importance. The Dominican Republic offers an increasingly rare opportunity for real estate investment. Reckoned to be one of the last great investment opportunities in the Caribbean, the government has purposely set out to attract upmarket tourism by offering great tax incentives as well as spending millions implementing a modern infrastructure. The Caribbean highway now under construction, will provide easy access along the coast, making Punta Cana a prime investment destination. Punta Perla is at the forefront of international property investment, a new generation of international resort property. Situated 15 minutes from Punta Cana International airport, this exclusive resort will be home to every luxury a seasoned traveler would desire. A variety of properties will be interspersed throughout La Marina de Punta Perla, three signature golf courses and along the 3.5 kilometres of white sandy beaches. With an amazingly low density of just 11 people per acre and set in 10 million square metres, there is a private piece of paradise for everyone. THE PROPERTIESPunta Perla offers a range of properties, including: Star Island Bungalows and Apartments, Golf Villas, Townhouses and Apartments, Caribbean, Tropical and Colonial Villages, Marina and Beach apartments as well as multi-million dollar Beach-side Mansions. The architects have created a natural yet cosmopolitan feel, with the homes being constructed to the highest quality, built to Florida Hurricane Standards. Each property has been positioned to take advantage of the natural beauty of its tropical surroundings, seamlessly blending in with the back drop of natural beauty. • La Marina de Punta Perla Punta Perla are offering a limited number of the following properties at reduced prices. These properties will offer both a guaranteed rental income and potential for significant capital growth. Golf ApartmentsThe competitive price of the Golf Apartments belie their size, quality and position interspersed throughout the three magnificent signature golf courses. Each home offers stunning aspects of beautifully manicured fairway and beyond. Each building is arranged around private tropical gardens, swimming pools and ornamental water features, which lead onto the golf course. Each solid wood terrace will benefit from its own built in spa pool and give stunning views of the surroundings. Golf VillasSeveral different styles of private villas, most within their own generously proportioned private gardens, hug the edge of the golf courses. Grouped in small clusters, the villas offer a level of quality and privacy rarely found. Designed to integrate the exterior with the interior, the villas offer the finest of living experiences. Marina ApartmentsSited around the cosmopolitan Marina de Punta Perla, the Marina Apartments offer the best of both worlds. From the rear terrace you can watch the leisurely pace of Punta Perla and from the front look over the buzz of marina life. Each apartment is finished to the highest standards and the benefits from many top quality features. Star Island ApartmentsThe private gated community of star Island offers one of the most prestigious positions within Punta Perla. Access is available only to owners and their guests who benefit from a private spa club with magnificent views. The central positioning of the apartments is in a tropical paradise of water, flora and fauna. Limited to only 66 exclusive apartments, set on a private island yet within minutes of the amazing facilities of the resort. Star Island bungalowsThe 35 Award winning bungalows, each carefully positioned around the edge of Island are the jewels of the marina. Each of the bungalows has 126.5m2 of living area set within a 300m2 plot, their own splash pool and private mooring. Beach ApartmentsEach apartment has a magnificent sea view. Only a few steps from the stunning Caribbean Sea the design is set around the tropical gardens which give the feel of seclusion and luxury. Tropical VillageTropical Village offers owners a range of villas, poblados and apartments in their own self contained community. The properties, which are designed into six distinct village styles (Modern, Spanish, Colonial, Mexican, Caribbean and Modern II) are set around a number of communal swimming pools, with the added benefits of lush gardens, a health spa and sports centre, large central pool complex, retail areas, restuarants and bars. Exceptional specificationAll properties on Punta Perla are built to the very highest standard with an exceptional specification which includes: Key investment points• The last great investment opportunity in the Caribbean. Sports and Leisure activities• International Spa • Beach Club • Interactive dolphin experience • Water sports • Nature walks • Horse riding • Ecological trails • Whale-watching • Kite-surfing • Windsurfing • Scuba trails • Golfing • Tennis • Paddle Tennis • Cinema • Casino • Duty free shopping • Championship Polo Club Rental SchemesPunta Perla is already attracting the attention of the world’s leading tour operators. With over three million tourists visiting the country every year, competition is fierce to secure this rare property rental opportunity. Punta Perla will set a new standard of facilities and accommodation for tour operators to offer their clients – enabling them to enjoy an unrivalled holiday experience on this amazing island. Punta Perla will run its own rental pool system to take advantage of this demand and at contract will offer every purchaser the opportunity to turn a dream home into a dream investment. Two rental pool options are available. Purchasers can opt for an 8% guaranteed fixed rental return* or a variable return based on usage. *8% p.a. rental return is guaranteed for a minimum for 5 years, mutually renewable thereafter, up to a maximum of 10 years. Personal use of your property is permitted which will alter the annual returns. Travelling to Punta PerlaUpon arrival at the Dominican Republic, you will land at the picturesque thatched-roofed Punta Cana International Airport, which is 15 minutes away from Punta Perla. European scheduled carriers to Punta Cana include Air France, KLM, Sprint and Iberia. Visitors from the UK are served by direct flights from Thomson, MyTravel, Britannia and First Choice. Flight times are approximately 8 hours from London. You can fly from Punta Cana to Miami in 1.45 hours, to New York in 3 hours and to most European cities within 8-10 hours. Easy Payment PlanNo IVA/VAT to pay The Perfect ParnershipParaiso Tropical was born 25 years ago as the union of various companies within the construction, design, architecture and engineering fields. As a result, this group represents a long trajectory of countless projects and works both in national and international markets. Paraiso Tropical has developed magnificent projects in residential, commercial, and tourist areas, focusing its main flow of activity on tourist real estate. Paraiso tropical relies on a wide range of companies and professionals of different nationalities and boasts both long time experiences and know-how in different areas. FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A. (FCC) is the product of the merger in March 1992 of two prestigious companies: CONSTRUCCIONES Y CONTRATAS, S.A., founded in Madrid in 1944 and FOMENTO DE OBRAS Y CONSTRUCCIONES, S.A., created in Barcelona in 1900 and listed on the Stock Market since December of that year. FCC’s shares are currently included in the Ibex-35 index, which is formed by B & R is an experienced Spanish company dedicated to the highest level of architecture and engineering, having worked in all the areas in the creation of a multitude of first class national as well as international projects, with top professionals specialising in these sectors. Better known for their design of international commercial centres such as; Alcampo, Carrefour, Fondos de Pensiones, European Golf Design in conjunction with Colin Montgomerie provide a comprehensive design and planning service to clients of golf and resort development and was established in 1992 as a joint venture between the European Tour and IMG. European Golf Design Prides itself on consistently producing high quality, successful resort and tournament golf courses, on schedule and within budget. Their courses are consistently highly rated by golfers and the golf press alike. So far, three of their courses have been voted best new course in Europe and two are named in the top 100 courses in the world. The team has a wealth of experience and expertise covering topics such as landscape design, land planning, agronomy, course management, construction management and computerised multimedia services. Tactica is an international consultancy firm that specialises in Lobby, Business, Brand, Communications and PR Strategies, providing powerful and customized tools to successfully position Corporations for the future and consistently differentiate themselves from their competitors. Tactica operates worldwide, in a broad spectrum of sectors, through offices throughout Europe, United States and Latin America. Introduction to Dominien RepublicThe Dominican Republic is unique in its centralized Caribbean coordinates that make it a great tourist destination: it is at the nexus of South, Central, and North America, as well as Europe, and tourist statistics reflect the fact that visitors find its geographic location ideal. The tourism and travel industry in the Dominican generated approximately $8.1 billion in 2006, growing 4.5% over 2005. Last year saw record arrivals nationwide, surpassing numbers on a quarterly as well as annual basis. According to the central bank, foreign air travel into the country totalled 3.3 million visitors, an increase of 8% over 2005. And, already this January saw a 5.5% increase in non-resident tourists entering the country as compared to the same period last year.With 76% of last year’s international arrivals being foreign tourists, the Dominican Republic historically attracts more European visitors (primarily from the UK, Spain, and Germany) than North American visitors. However, last year almost 48% of foreign visitors came from the US and Canada, surpassing for the first time its Europeans counterparts. Meanwhile, hotels developers are working to keep up with the demand. The number of rooms grew at an average annual rate of nearly 3% during 2000-2005, and 2006’s estimates are closer to 8%-9%. This brings the total number of rooms on the island to 65,000. Of the newcomers, Sol Melia’s Paradisus Palma Real opened in May 2006 with 554 suites, Cap Cana’s Villas Caleton began accepting guests, and four Gran Bahia Principe all-inclusive properties debuted in the fall and added 996 rooms. Occupancy rates in the Dominican Republic traditionally stand at more than 70%, except for 2001 and 2002 when the global tourism industry suffered from the events of September 11. As a testament to its growing popularity, the occupancy rates have remained stable even as the island continues to add rooms. When tourists visit, they typically will stay an average of 9.5 nights. Over 70% of the hotels have foreign operators and management companies. Among the international chains currently operating in the country are Sol Melia, Occidental Hotels, Barcelo, Howard Johnson, InterContinental, Renaissance, Allegro and Accor. However, the market, especially Punta Cana, is dominated by all-inclusive hotels. The island’s friendly tourism environment, low operating costs, lower local wages and food and beverage production, has clearly made the Dominican Republic more attractive to tourists and international brand operators alike. This growth has been further enhanced by the damage done to competing hotels’ slow recovery to profitable room supply in the Yucatan Peninsula in Mexico from recent hurricanes and the subsequent wave of re-bookings at Dominican resorts. Moreover, the re-bookings are expected to have a permanent effect on the sector, especially when those tourists experience the low density and spectacular beaches in the Punta Cana region. Getting There"It’s easy to get there… it is much harder to leave…"
The best airport to land at is the thatch-roofed Punta Cana International Airport, around 15 minutes from Punta Perla. The next best airport for Punta Perla is the La Romana Airport, which is about 1.5 to 2 hours drive. If you land at Las Americas International (Santo Domingo) you will be a four hour drive away. From Santo Domingo, a taxi cab trip can be negotiated for about US$100 while the domestic flight to Punta Cana is around US$60 per person. All visitors require a tourist card, which can be obtained on arrival at the airport at a cost of US$10 or equivalent. For visitors staying up to two weeks, the departure tax is US$20. Scheduled airlines sometimes include this charge in the price of their ticket. Punta Cana AirportPunta Cana International Airport, the country’s reigning airport in foreign arrivals, Recorded 1.7 million arrivals in 2006. This is 16.6% more than visitors recorded during the same period in 2005, which confirms the increasing demand among international travellers. As airlines pick up on the trend, scheduled airlift and charter service to the region will continue to improve. The Dominican Republic, not surprisingly, has the most international airports of any of the Caribbean islands and just opened the Samaná International Airport in November, 2006 Meanwhile, Punta Cana remains the top tourist destination. Punta Cana International Airport is the preferred Dominican international airport with approximately 50.94% of all foreign arrivals due to its close proximity to the popular resort hotel. Scheduled airlift and charter service to the region continues to improve, with quality (first- and business-class) seats and service from increasing numbers of cities in the US including New York and Miami (American Airlines), Chicago (United), Philadelphia and Charlotte (US Airways), and Newark (Continental.) Other airlines serving North America and abroad include Delta, Air Canada, Air France, Spirit Airlines, Condor, LTU, Aerolineas Argentina, Martinair Holland, USA 3000, and West Jet Airlines. The airport also receives numerous charter flights from all over the world. Luxury TourismThe all-inclusive European-owned hotels have traditionally dominated the Dominican hospitality market, although these properties have not contributed significantly to the local economy because of their reliance on charter flights, overseas payments of all-inclusive fees (limiting hard currency entering the country), and reduced use of local amenities. These hotels continue to open up around the island. For example, Sol Melia's new Paradisus Palma Real recently opened in early 2006. It is built next door to the Melia Caribe Tropical, has 600 suites, including 102 suites, and two presidential suites, that have been set apart for even more luxury, with the personalized royal service program. On the premises is a 2,625 square meter spa and large banquet facilities. The country has begun to develop a reciprocal relationship with its visitors, as it welcomes visitors to enjoy the island’s natural beauty and culture, and targets promotions to higher-income travellers from Canada, Europe, and particularly the US. The US is now the largest single-country source of visitors to the Dominican Republic, and US tourists’ preferred destination is La Altagracia region, where Punta Cana is located. More recently, in order to serve the premier luxury market, the Dominican government’s highest priority has become the introduction and promotion of new, luxury branded hotels such as Ritz-Carlton, Conrad, and Fairmont. As opposed to the all-inclusive resort model of “flipping” guests, their model encourages their guests to stay and enjoy the property, which ultimately directly impacts the local economy. Moreover, many of these properties will include branded real estate in the form of condominiums and villas, thus ensuring a stable demand base that will return year after year. Recent Shifts in Government PrioritiesAs foreign travellers continue to discover, and then return, to the Dominican Republic, the government continues its promotion and development of the country’s tourist zones, specifically the Punta Cana-Bavaro areas. In its efforts to continue to attract the participation of the private sector, the government has made a concerted effort to improve the existing infrastructure to relieve congestion and pollution that is common in the popular tourist areas. To that end, the government is working to improve its roads, ports, airports, water, power generation and public services. For example, last year’s budget for tourism-related infrastructure totalled almost $300 million, which was to include highway construction and repairs, revamping existing tourism areas, new aqueducts and water treatment plants, and beach re-nourishment projects, among others. The country has, as one of its expressed policies, provided tourists with great roads and clean water to ensure that hotels continue to be built, which will always help to stimulate the local economy. As mentioned earlier, many of the Dominican’s provinces are already saturated with hotels, so the government began to direct some of its tourism efforts toward encouraging developments of other parts of the island. In 2001, the government passed a law aimed at providing incentives to tourist activities in underdeveloped regions, and in 2002 it further defined the regions or municipalities that would be most benefited by the new law, which included La Altagracia and some interior areas. And, indeed, the law brought about the intended result. By the end of 2004, new tourist facilities were beginning to open in the country’s mountainous regions. The Altagracia province also received renewed attention from foreign investors. It will be interesting to watch the larger Punta Cana developments mature, and see if the growth in the Dominican is sustainable. Certainly the government and developers will be searching for innovative development ideas, perhaps along the ecotourism model, to complement what is currently going on. For now, development is booming, and there does not seem to be an end in sight. VisasVisitors who do not obtain a Dominican visa prior to entry must purchase a tourist card upon arrival to enter the country or prior to arrival at full-service consulates, embassies, tour operators or airlines abroad. Tourist cards cost the equivalent of twenty U.S. dollars. A passport or equivalent national identity document and a visa are required of foreigners travelling to the Dominican Republic. Availability and Brochure Enquiry
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