Authored by the expert who managed and guided the team behind the Dominican Republic Property Pack
Everything you need to know before buying real estate is included in our The Dominican Republic Property Pack
Santo Domingo's apartment market offers diverse options ranging from US$45,000 studios to luxury penthouses exceeding US$2 million.
As of September 2025, the Dominican capital presents competitive pricing compared to other Caribbean markets, with average prices per square meter ranging from US$1,300 to US$2,800 depending on location and property type. The city center commands premium prices, while peripheral areas offer more affordable entry points for first-time buyers.
If you want to go deeper, you can check our pack of documents related to the real estate market in the Dominican Republic, based on reliable facts and data, not opinions or rumors.
Santo Domingo apartment prices average US$1,800-$2,800 per square meter, with city center one-bedrooms costing US$90,000-$140,000 and luxury units reaching over US$2 million.
Entry-level studios start at US$45,000 in peripheral areas, while upscale three-bedroom apartments in Piantini or Bella Vista range from US$250,000 to US$450,000.
| Property Type | City Center Price Range | Outside Center Price Range |
|---|---|---|
| Studio Apartment | US$80,000 - US$120,000 | US$45,000 - US$80,000 |
| One-Bedroom | US$90,000 - US$140,000 | US$60,000 - US$95,000 |
| Two-Bedroom | US$180,000 - US$280,000 | US$120,000 - US$200,000 |
| Three-Bedroom (Upscale) | US$250,000 - US$450,000 | US$180,000 - US$300,000 |
| Luxury/Penthouse | US$450,000 - US$2,000,000+ | US$300,000 - US$800,000 |
| Price per m² (New) | US$2,000 - US$2,800 | US$1,700 - US$2,200 |
| Price per m² (Resale) | US$1,500 - US$2,000 | US$1,300 - US$1,800 |
What's the average price per square meter for apartments in Santo Domingo right now?
As of September 2025, Santo Domingo's apartment market shows an average price per square meter ranging from US$1,800 to US$2,800, with the median sitting near US$1,700 per square meter (approximately DOP 101,884/m²).
New luxury developments in central and upscale areas command the highest prices, reaching up to US$2,800-US$2,900 per square meter. These premium properties are typically located in neighborhoods like Piantini, Naco, and Bella Vista.
The general city average reflects a mix of property types and locations, making Santo Domingo competitive within the Caribbean real estate market. Older resale properties in peripheral areas can be found for as low as US$1,300-US$1,500 per square meter.
Market data indicates that construction quality, building amenities, and proximity to commercial districts significantly impact per-square-meter pricing. Modern high-rise developments with amenities like pools, gyms, and security systems typically exceed the US$2,000/m² threshold.
It's something we develop in our Dominican Republic property pack.
How much does a one-bedroom apartment typically cost in the city center versus outside the center?
One-bedroom apartments in Santo Domingo's city center typically cost between US$90,000 and US$140,000, while similar units outside the center range from US$60,000 to US$95,000.
The city center premium reflects proximity to business districts, restaurants, cultural attractions, and public transportation. Modern one-bedroom units in central locations often feature contemporary finishes and building amenities that justify the higher price point.
Outside the center, one-bedroom apartments offer better value for money while still providing access to urban conveniences. These properties are particularly attractive to first-time buyers and investors seeking rental income opportunities.
Monthly rental yields also differ significantly between locations. City center one-bedrooms typically rent for approximately RD$40,600 monthly (about US$690), while outside-center units rent for around RD$21,800 monthly (approximately US$370).
The price differential of US$30,000-US$45,000 between center and outside-center properties represents a substantial consideration for budget-conscious buyers seeking urban living without premium location costs.
What's the usual price range for a two-bedroom apartment in popular neighborhoods like Piantini, Naco, or Gazcue?
Two-bedroom apartments in Santo Domingo's popular neighborhoods of Piantini, Naco, and Gazcue typically range from US$150,000 to US$250,000 for quality modern units.
New construction projects in these areas often start near US$1,700-US$2,000 per square meter, with total prices depending on unit size and building specifications. A recent example in Naco shows a 107m² two-bedroom apartment priced at US$175,000, representing approximately US$1,635 per square meter.
Piantini commands the highest premiums among these neighborhoods due to its upscale shopping centers, restaurants, and proximity to the financial district. Two-bedroom units in premium Piantini developments can reach US$300,000 or more.
Gazcue, being a historic neighborhood with colonial charm, offers more varied pricing depending on property condition and specific location within the area. Well-renovated units with modern amenities typically fall within the US$180,000-US$220,000 range.
Naco provides a middle ground between Piantini's luxury positioning and Gazcue's historic character, with consistent pricing around US$150,000-US$200,000 for standard two-bedroom configurations.
How much would a three-bedroom apartment in an upscale area like Bella Vista or Piantini cost on average?
Three-bedroom apartments in upscale areas like Bella Vista and Piantini typically cost between US$250,000 and US$450,000, with luxury units potentially exceeding US$600,000.
Recent market listings demonstrate this range clearly: a 176m² modern three-bedroom unit in Bella Vista was priced at US$429,900 (US$2,440 per square meter), while luxury three-bedroom apartments in Piantini range from US$400,000 to US$600,000.
Bella Vista properties often feature ocean proximity and modern amenities, justifying premium pricing. The neighborhood's development boom has introduced numerous high-rise projects with three-bedroom configurations averaging 150-200 square meters.
Piantini's established luxury market shows consistent demand for spacious three-bedroom units. Properties in this area typically include premium finishes, building amenities, and parking spaces, contributing to higher overall pricing.
Size variations significantly impact final pricing, with compact three-bedroom units around 120-140m² starting near US$250,000, while expansive layouts exceeding 200m² can command US$500,000 or more depending on building quality and specific location.
Don't lose money on your property in Santo Domingo
100% of people who have lost money there have spent less than 1 hour researching the market. We have reviewed everything there is to know. Grab our guide now.
What are the lowest entry-level prices for small studios or one-bedroom apartments in less central areas?
Entry-level studios in Santo Domingo's less central areas start at US$45,000-US$65,000, typically ranging from 35-45 square meters in emerging or peripheral districts.
Small one-bedroom apartments in these areas can be found for US$57,000-US$80,000, offering affordable entry points for first-time buyers or investors seeking lower-cost rental properties.
These budget-friendly options are commonly located in developing neighborhoods that may lack immediate access to premium amenities but offer potential for future appreciation as urban expansion continues.
Older buildings in less central areas provide the most affordable options, with some compact apartments available for as low as US$45,000. These properties may require renovation but represent opportunities for buyers willing to invest in improvements.
The entry-level market serves both local residents seeking homeownership and international investors looking for affordable rental property portfolios in the Dominican capital's expanding urban footprint.
What's the difference in cost per square meter between new constructions and older resale apartments?
| Property Type | Price Range (USD/m²) | Typical Features |
|---|---|---|
| New Construction | US$1,700 - US$2,500/m² | Modern finishes, amenities, warranties |
| Premium New Development | US$2,200 - US$2,800/m² | Luxury amenities, prime locations |
| Resale/Older (Prime Areas) | US$1,500 - US$2,000/m² | Established neighborhoods, potential renovations needed |
| Resale/Older (Outside High-Demand) | US$1,300 - US$1,800/m² | Lower prices, may need updates |
| Budget Resale Properties | US$1,200 - US$1,500/m² | Significant renovation potential |
How much do luxury apartments or penthouses usually go for in high-end zones of Santo Domingo?
Luxury apartments and penthouses in Santo Domingo's high-end zones typically range from US$450,000 to over US$2,000,000, with most premium properties concentrated in Piantini, Naco, and Bella Vista.
Standard luxury apartments in these areas generally fall between US$450,000 and US$800,000, featuring high-end finishes, premium building amenities, and prime locations with city or ocean views.
Penthouses represent the top tier of the market, with prices ranging from US$450,000 to US$1,200,000 for most units, though exceptional properties can exceed US$2,000,000. These exclusive units typically offer expansive terraces, private elevators, and panoramic views.
The luxury market caters to affluent locals, international buyers, and investors seeking premium rental properties. Features commonly include marble finishes, imported fixtures, smart home technology, and access to amenities like rooftop pools and concierge services.
Market demand for luxury properties remains strong, driven by Santo Domingo's economic growth and increasing international recognition as a Caribbean investment destination.
What are the typical monthly maintenance or condo fees, and how do they vary by building type?
Monthly maintenance fees in Santo Domingo condominiums typically range from US$50 to US$300 per month, varying significantly based on building type, amenities, and unit size.
Basic residential buildings with minimal amenities generally charge US$50-US$100 monthly for standard apartments. These fees cover basic maintenance, security, and common area upkeep.
Mid-range buildings with amenities like pools, gyms, and 24-hour security typically charge US$100-US$200 monthly. The fee structure often depends on apartment size, with larger units paying proportionally higher amounts.
Luxury high-rise developments with extensive amenities can charge US$200-US$300 or more monthly. These buildings often feature multiple pools, fitness centers, business centers, concierge services, and premium security systems.
It's something we develop in our Dominican Republic property pack.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in the Dominican Republic versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you're planning to invest there.
How much does parking add to the price—both for units that include it and those that don't?
Parking spaces in Santo Domingo significantly impact apartment prices, with included parking typically adding US$15,000-US$30,000 to the total purchase price depending on location and building quality.
Apartments that include dedicated parking spaces command premium prices, particularly in central areas where street parking is limited and security concerns are higher.
For units without included parking, buyers often need to purchase or rent separate spaces. Parking space purchases typically cost US$10,000-US$25,000, while monthly parking rentals range from US$50-US$150 depending on location and security features.
Luxury buildings in upscale areas like Piantini or Bella Vista often include multiple parking spaces per unit, adding substantial value to the overall property package.
The parking premium reflects Santo Domingo's urban density and the practical necessity of secure vehicle storage in the Dominican capital's competitive real estate market.
What's the average cost of financing—like interest rates, down payment percentages, and mortgage terms in the Dominican Republic?
Dominican Republic mortgage financing typically requires 20-30% down payments, with interest rates ranging from 8-12% annually for peso-denominated loans and 6-9% for US dollar loans as of September 2025.
Mortgage terms generally extend 15-20 years, though some lenders offer 25-year terms for qualified borrowers. Foreign buyers often face additional requirements including higher down payments and proof of international income.
Local banks typically offer more competitive rates to Dominican residents, while international buyers may need to work with specialized lenders or consider developer financing options.
Closing costs generally add 3-5% to the purchase price, including legal fees, title insurance, and registration costs. These additional expenses should be factored into total acquisition costs.
It's something we develop in our Dominican Republic property pack.
What are the estimated yearly property taxes or transfer taxes when buying an apartment in Santo Domingo?
Annual property taxes in Santo Domingo are relatively low, typically ranging from 0.5% to 1% of the assessed property value, making homeownership more affordable compared to many international markets.
Transfer taxes when purchasing property include a 3% transfer tax paid by the buyer, plus legal and registration fees that typically add another 1-2% to the total transaction cost.
New properties may qualify for tax exemptions during initial years, while certain areas designated for tourism development offer additional tax incentives for foreign investors.
The government's Digital Residence program and other initiatives provide tax benefits for qualifying international buyers, potentially reducing overall ownership costs for eligible purchasers.
Professional legal assistance is essential for navigating tax obligations and ensuring compliance with Dominican Republic property ownership requirements and regulations.
How much do apartment prices in Santo Domingo compare to other major Dominican cities like Santiago or Punta Cana?
Santo Domingo apartment prices generally exceed those in Santiago and Punta Cana, reflecting the capital's economic importance and urban density.
Santiago, the Dominican Republic's second-largest city, typically offers apartments at 20-30% lower prices than Santo Domingo, with similar properties ranging from US$1,200-US$2,000 per square meter.
Punta Cana's market focuses heavily on tourism-oriented properties, with prices varying significantly between local residential areas (often lower than Santo Domingo) and luxury beachfront developments (which can exceed Santo Domingo pricing).
Santo Domingo's capital status, international business presence, and educational institutions create sustained demand that supports higher property values compared to other Dominican cities.
Investment potential varies by city, with Santo Domingo offering rental market stability, Santiago providing affordability, and Punta Cana delivering tourism-driven rental income opportunities.
Conclusion
This article is for informational purposes only and should not be considered financial advice. Readers are advised to consult with a qualified professional before making any investment decisions. We do not assume any liability for actions taken based on the information provided.
Santo Domingo's apartment market offers diverse opportunities for both investors and residents, with prices ranging from affordable entry-level options to luxury properties exceeding US$2 million.
Understanding local market dynamics, financing options, and total ownership costs is essential for making informed property decisions in the Dominican capital.
Sources
- The LatinvestorSanto Domingo Price Forecasts
- Global Property Guide Dominican Republic Price History
- Global Property Guide Square Meter Prices
- The Latinvestor Dominican Buy Property
- Engel & Völkers Santo Domingo Properties
- The Latinvestor Santo Domingo Property
- Morillo Suriel Abogados Cost of Living Guide
- Properstar Santo Domingo Two-Bedroom Apartments
- EasyBroker Bella Vista Three-Bedroom Apartment
- Fazwaz Santo Domingo Properties