Sale Price

• US$ 5,400,000

Specification

• Zones:Residential, Touristic
• Agent:Emil Montás

Description

SALE OF PROJECTS WITH PERMITS

Tourism in the Dominican Republic was born in the North Coast, also known
as the Amber Coast in the early 80s. Similarly was
birthplace of All-inclusive concept, with the hotel Jack Star Village
First All-Inclusive hotel in the world, and since then the Dominican Republic is
to become the largest tourist destination in the Caribbean.

The North Coast was in 2009 more than 500,000 visitors, being the
main nationalities: British, Canadians, Germans, Americans, Frenchmen, among others.

The North Coast has three main resorts, Puerto Plata,
which is the largest city with approximately 200,000 residents
and which hosts the All-inclusive resort world's largest known
"Playa Dorada". Sosua, a city that has traditionally been the place of
Summer of wealthy families north of the island and residents
Europeans. Cabarete resort ranked as one of five
world's best destinations for the sport of kiteboarding and
windsurfing.

The good thing about Cabarete is that there is much competition with apartments facing the beach and few remaining undeveloped properties attached to the sea.

Currently, most real estate projects in Cabarete have sold most of its units, and those sales are mostly resales, which means that once the project starts The Mystique only have about 4 or 5 in front developments the sea with which to compete, with a total inventory of approximately 280 new apartments.

For purposes of the feasibility study of this project, it took an average sales price of $ 2200.00, however, in reality the actual prices ranging from U.S. $ 2,500.00 giving a fairly large margin to increase profitability.