Punta Cana Real Estate: Find Investment Opportunities

Investing in Punta Cana

Here at Happy Living Punta we aim to provide clients with the most up to date information about investing in the beautiful Caribbean beach town of Punta Cana.

Real estate prices currently have skyrocketed globally, but this presents an interesting opportunity to go global.

Below we aim to inform people of why Punta Cana is poised to become a great location for investment. Whether you are looking at Punta Cana for an investment or simply just looking to have an amazing Caribbean vacation - below we show you why Punta Cana is the place to be!

Dominican Republic

Everything you need to know about Punta Cana

Punta cana investment and interest is booming at the moment. Investments are coming in from world-renowned hotel groups like Nobu Hotels (check out our coverage on the news with more details about the project here).

Projects are starting up in Punta Cana, left and right. We have massive development areas like Vista Cana, already developed areas like Punta Cana Village and the resort area Bavaro is seeing more and more commercial and residential real estate investments. If after reading this you are ready to get started on your Punta Cana journey, check out our Consulting Services and we can help you get started!

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Infrastructure Expansion

Real estate is not the only sector getting invested within the Dominican Republic and specifically in Puntacana. Alongside the real estate investments in the area, there are many companies dedicated to the growth and advancement of the region. Here are a couple of examples:

The Punta Cana-Macao Energy Consortium (CEPM) is the private energy company that provides energy services to the Punta Cana-Bávaro and Bayaíbe area of the Dominican Republic. This company has invested US$140 million dollars to expand the power generation capacity for its clients and they supply 98% of the energy used by the large hotel chains in the area. Their goal? To help Bávaro-Punta Cana to become one of the first smart cities in the Caribbean.

In their effort to commit to green energy, the consortium has replaced 99% of its fleet of gas vehicles to electric vehicles.

For more information on the coverage, check out the Gal Time article linked here.

Having private investment in energy services is very advantageous for investments and for day to day living. As someone who has lived in the Dominican Republic before, I can tell you that the energy services are not always reliable. The country suffers from widespread blackouts from time to time which can negatively affect your home appliances, etc. When investing in the Bávaro-Punta Cana area, having your electricity supplied by CEPM is a positive thing!

The President of the Punta Cana Group, Frank Elías Rainieri announced his plans to make Punta Cana the Silicon Valley of the Caribbean. Apart from leading the initiatives mentioned above with the Punta Cana Free Trade Zone and the airport expansion, Frank Elías Rainieri initiated the “Punta Cana Hub” - which is intended to create tech companies in the area, as well as an equity fund to promote fintech.

Other countries have attempted this feat, however have not gotten very far. Grenada, Barbados and the Bahamas have all attempted to gain the title, however have fallen short.

For a quick country guide on the Startup Ecosystem in the country, check out Startup Universal’s Startup Ecosystem Summary!

Co-working spaces are already available in Punta Cana for those digital nomads who want to work and live by the beach. Check out our page dedicated to all the work-spots in Punta Cana!

The Punta Cana airport is also expanding - making way for more and more international flights from all over the world. Punta Cana is now the country's busiest airport, with over 5.9 million passengers flying through it every year.

This privately-owned airport will receive a total investment of US $280 million dollars (generating 7,000 jobs) for an international logistics area and an expansion in Terminal B. The logistics area will be called the Punta Cana Free Trade Zone (PCFTZ) and it will include a logistics center, air, maritime, land and free zone park. Part of this will include an aircraft repair and maintenance center, a fuel center with the idea to consolidate the process of cargo operations in passenger planes.

Terminal B expansion will have the capacity to handle 3 million passengers and construction is already underway. This is expected to be completed in November 2022.

The following airlines are currently operating:

Latin America: Aerolineas Argentinas, Avianca, Copa Airlines, GOL, LATAM (Chile and Peru), SKY Air Peru, RUTACA, VIVA and Wingo.
United States: American Airlines, Delta Air Lines, Frontier Airlines, jetBlue, Spirit Airlines, Southwest Airlines, Sun Country Airlines, and United Airlines.
Canada: Air Canada, Air Transat, Sunwing Airlines, Swoop, and Westjet.
Spain: Air Europa, Iberojet, LEVEL, Wamos Air, and World 2 Fly.
Rest of Europe: Aeroflot, Air Belgium, Air Caraibes, Air France, Azur Air, British Airways, Condor, Corsair, Edelweiss Air, Eurowings Discover, Icelandair, Gullivair, LOT Polish Airlines, Nord Wind, Pegas Fly, Royal Flight, Smartwings, TAP Air Portugal, TUI Airways and TUIfly Netherlands.

The Dominican government now wants to include the Middle East and Asia to the mix and has started conversations with Qatar Airways, Emirates and Turkish Airlines.
Terminal B will also have a U.S. Immigration and Customs pre-clearance service - a quick and easy way in and out of the country for Americans.

More coverage on this expansion can be found on the publication Aviacion Online.

Apart from the dip from 2020 during the global pandemic, growth numbers just keep going up and up. Given the country's reliance on tourism, the country's leadership was diligent in putting in place the necessary sanitary protocols to protect citizens and tourists from the virus during the pandemic. In January 2022, the World Tourism Organization (UNWTO) recognized the Dominican Republic for successfully recovering the tourism industry post the global pandemic. They specifically highlighted the management and sanitary protocols that the country put in place in order to ensure tourist safety. They have had the most successful tourist recovery in the region and have surpassed tourist numbers prior to the pandemic. The country was the only in the region where 100% of people working in the tourism sector (totaling about 174,000 people) were fully vaccinated with two doses or more and had the lowest rate of contageum in the region.

The year 2021 was one for the books in terms of tourists arriving in the Dominican Republic. In total, nearly 5 million people visited the Dominican Republic that year, with December breaking records from any month prior reaching over 700,000 visitors. This was more than any other country in the Caribbean. Some financial analysts even predicted that the country was having its best financial year economically in the past 30 years.

In May of 2022, another record was set. Over 561K visitors visited the country in the single month. Of these visitors, This represents a growth of 11% against May 2018- detailing the post-covid growth in the country.

Tourism in the Dominican Republic overall has soared in the past few years.

According to the country’s Ministry of Tourism, hotel occupancy is at an all time high. To check out stats changing month over month, check out the cool interactive tool on tourist visits put together by the official Ministry of Tourism here. With hotel occupancy rates being as high as they are, more and more people are choosing to do short-term rentals as their vacation choice instead.

Ancla 1

To know more visit the official website here

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