Buying real estate in the Dominican Republic?

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8 statistics for the Dominican Republic real estate market in 2025

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Authored by the expert who managed and guided the team behind the Dominican Republic Property Pack

buying property foreigner The Dominican Republic

Everything you need to know before buying real estate is included in our The Dominican Republic Property Pack

Are you considering investing in the Dominican Republic's real estate market? Curious about the latest trends and statistics that could influence your decision? Want to know how the market is expected to evolve by 2025?

We will lay down recent insights. Ici no guesswork, we rely only on solid data.

Actually, we know this market inside and out. We keep tabs on it regularly, and all our discoveries are reflected in the most recent version of the Dominican Republic Property Pack

This article gives you valuable insights, but remember, it’s not and will never be investment advice. We pull data from a range of sources to provide you with the most accurate picture possible, yet we can’t guarantee complete accuracy. Markets are difficult to predict. Make sure to do your own research and consult a professional before making any financial moves. Any risks or losses are your own responsibility.

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Fact-checked and reviewed by our local expert

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Gigi Tea 🇩🇴

Realtor, at RealtorDR

Combining her roots and years of experience, Gigi helps clients explore the Dominican Republic’s real estate market with confidence. She showcases the country’s unique opportunities, making you feel at home while investing in your dream property.

1) Residential property maintenance costs in the Dominican Republic are rising 4% now

In the Dominican Republic, property maintenance costs vary widely depending on location, property age, and amenities.

For example, in Santo Domingo, maintaining a 320-meter tower in Piantini costs RD$20,400 per month, while a smaller complex in Villa Marina is just RD$2,000 per month. This stark difference shows how location and property type can significantly impact expenses.

Inflation is a major factor driving these costs up. Across various sectors, including property maintenance, inflation consistently pushes expenses higher. This trend is expected to continue, affecting how much you'll need to budget for upkeep.

Government policies and economic shifts also play a role. Any changes here can lead to unexpected increases in maintenance costs, making it crucial to stay informed about local developments.

Given these factors, it's no surprise that experts predict a 4% rise in average maintenance costs by 2025. This projection considers the ongoing economic and policy changes impacting the real estate market.

Sources: Inmobiliario, World Bank, FazWaz

2) The Dominican Republic's luxury residential construction surged 7% last year and is booming now

The Dominican Republic is set to experience a 7% rise in luxury residential construction by 2024.

This boom is largely due to the country's stable environment and appealing investment laws, making it a hotspot for those seeking luxury living. The allure of a vibrant lifestyle has attracted both locals and international investors, fueling the demand for upscale villas and high-end apartments.

Key tourist areas like Punta Cana, Bávaro, and Cap Cana are at the heart of this growth. These regions have seen significant infrastructure investments, including new developments and expansions, which are driving the surge in luxury property construction.

Government efforts, such as the "Plan Nacional de Vivienda para la Familia Feliz," are also contributing. While primarily focused on affordable housing, these initiatives are indirectly boosting the overall real estate market, creating a ripple effect that benefits luxury segments as well.

With these factors in play, the Dominican Republic is becoming a prime destination for luxury real estate, offering a unique blend of modern amenities and natural beauty. The ongoing development in these areas is not just about building homes; it's about creating a lifestyle that appeals to a global audience.

Sources: Entucasard, Beachtown Property

Everything you need to know is included in our Pack for The Dominican Republic

3) Beachfront residential property demand in the Dominican Republic is surging, up 9% by now

The demand for beachfront residential properties in the Dominican Republic is expected to rise by 9% by 2025.

In 2023, the Dominican Republic saw a tourism boom with over 7 million tourists visiting, a 12.5% increase from the previous year. This influx has sparked a surge in demand for short-term rentals, especially in hotspots like Cabarete and Sosua, where properties promise high rental returns.

Beachfront properties are particularly enticing due to their unique charm and lucrative returns. Condos in these areas can yield between 8–10% annually during peak tourist seasons. The real estate market is on the rise, with property prices climbing, especially in tourist-heavy areas where land is scarce, leading to new developments.

The Dominican Republic's stable economy, along with no restrictions on property ownership and attractive tax incentives, has caught the eye of foreign investors. These elements make the country a prime spot for real estate investment.

With the combination of a booming tourism industry and favorable investment conditions, the Dominican Republic is becoming a top choice for those looking to invest in beachfront properties. The market is responding to this demand with new developments, ensuring that investors have plenty of options.

Sources: Noriega Group, Blue Sail Realty, Simply Dominican

4) 35% of Dominican Republic homes now have smart features

The smart home market in the Dominican Republic is booming, with rapid growth observed in 2023 and 2024.

People are eager for homes that offer convenience, security, and energy efficiency, driving this surge in demand. By 2025, it's expected that 35% of residential properties will feature smart home technologies, transforming how people live.

The market is projected to grow at an annual rate of 9.20%, with significant expansion anticipated by 2029. This trend highlights the increasing popularity of smart home solutions among homeowners.

Efforts by the government and telecom companies to enhance internet access, including the introduction of 5G technology, have made it easier for homes to adopt these smart systems.

As a result, more households are integrating smart features, further fueling the market's growth. The combination of improved connectivity and consumer interest is setting the stage for widespread adoption.

Sources: Statista, Dominican Republic Live

5) Over 55% of Dominican Republic homes now have high-speed internet

By 2023, the Dominican Republic had 1,260,000 fixed broadband subscriptions, laying a solid groundwork for internet access across the nation.

Despite this, many families found internet services costly, with 35.5% experiencing disconnection due to high expenses. Additionally, 19% of households struggled with the cost of internet devices, highlighting financial hurdles that limit widespread access.

The gap between urban and rural internet access is notable, with 50.8% of urban households connected compared to just 32.7% in rural areas. This urban-rural divide significantly shapes the overall internet landscape in the country.

Looking ahead, the Dominican Republic is on track to improve connectivity. By 2025, it's expected that around 55% of residential properties will have high-speed internet access, driven by ongoing investments in infrastructure.

These developments are crucial for potential property buyers, as reliable internet access is becoming a key factor in real estate decisions. The push for better connectivity is part of a broader effort to enhance living standards and economic opportunities.

Sources: Dominican Today, Trading Economics, Business Wire

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6) The Dominican Republic's residential real estate market is growing 8% annually for the next five years

The Dominican Republic's residential real estate market is set to grow by about 8% annually over the next five years.

This growth is largely fueled by the country's strong economic performance. Over the last decade, the Dominican Republic has enjoyed a GDP growth rate of around 6%, which has positively influenced the real estate sector, particularly in tourism and construction. This economic stability offers a reliable base for real estate expansion.

The booming tourism industry is another key factor. With more tourists flocking to the country, there's a surge in demand for vacation rentals and hospitality properties. This influx has led to higher occupancy rates and attractive returns on investment, making the market appealing to investors.

Moreover, the government's commitment to modernizing infrastructure, such as transportation and digital networks, has boosted property values. These improvements make the Dominican Republic even more enticing for potential buyers and investors.

Investors are particularly drawn to the country's enhanced infrastructure, which supports both residential and commercial real estate ventures. This focus on development is a significant factor in the market's projected growth.

Sources: Beach Town Property, The Agency DR, Agencia Inmobiliaria Republica Dominicana

7) Rental yields for Dominican Republic homes are climbing to 6.5% by next year

The Dominican Republic's rental market is on the rise, with rental yields expected to hit 6.5% by 2026.

This promising growth is fueled by the booming tourism sector. In 2022, Puerto Plata saw a 20% increase in visitors, welcoming about 1.5 million tourists. This influx has naturally spiked the demand for short-term rentals, pushing rental yields higher.

Platforms like Airbnb are reshaping the rental landscape. Property owners are now focusing on tourists, leading to higher occupancy rates and better returns for investors. This shift is making the Dominican Republic a hotspot for real estate investments.

Infrastructure improvements are also playing a key role. With modern airports and highways, the country is more accessible than ever, enhancing its appeal to investors. The stable economic environment further adds to its attractiveness.

Investors are drawn to the Dominican Republic not just for its beauty but for its potential. The combination of tourism growth and infrastructure development is creating a lucrative market for property buyers.

As the country continues to develop, the real estate market is expected to thrive. With rental yields surpassing the global average, it's an exciting time for those looking to invest in this vibrant region.

Sources: Cofresihills.com, Noriegagroup.com, Global Property Guide

8) Demand for residential properties with communal amenities in the Dominican Republic surged 7% last year

The Dominican Republic is set to see a 7% increase in demand for residential properties with communal amenities by 2024.

This surge is largely due to the country's booming real estate market, which has been fueled by a mix of increased tourism, infrastructure development, and a stable economy. These factors have created a perfect storm, attracting both local and international investors eager to capitalize on the growing opportunities.

In popular tourist areas like Punta Cana and Santo Domingo, properties with communal amenities have become especially appealing. The rise of short-term rental platforms, such as Airbnb, has played a significant role in this trend, as tourists and short-term renters are increasingly seeking properties with shared facilities.

Experts are forecasting a steady growth rate of 6% to 8% for the real estate sector in 2024. This growth is expected to be particularly strong in areas like Santo Domingo, Punta Cana, Santiago, and La Romana, where economic expansion and infrastructure improvements are driving up property demand.

For those considering investing in the Dominican Republic, these trends suggest a promising opportunity. The combination of a thriving tourism industry and a stable economic environment makes the country an attractive destination for property investment.

Sources: Noriega Group, Corotos, En Tu Casa RD