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Santo Domingo's real estate market offers diverse pricing options across different neighborhoods and property types.
As of September 2025, apartment prices in Santo Domingo range from $1,700 to $2,800 per square meter, with significant variations between city center locations and suburban areas. The market has shown steady growth over the past five years, with annual price increases averaging 5-7% for residential properties.
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Santo Domingo real estate prices vary significantly by location, with city center apartments costing $80,000-$150,000 for one-bedroom units and suburban alternatives ranging from $50,000-$90,000.
The market has experienced consistent growth, with luxury developments in Piantini and Naco commanding premium prices of $2,800-$4,000 per square meter.
| Property Type | City Center Price Range | Suburban Price Range |
|---|---|---|
| One-bedroom apartment | $80,000 - $150,000 | $50,000 - $90,000 |
| Two-bedroom condo | $150,000 - $350,000 | $120,000 - $250,000 |
| Three-bedroom apartment | $200,000 - $450,000 | $150,000 - $300,000 |
| Starter home | $150,000 - $300,000 | $80,000 - $180,000 |
| Family home | $300,000 - $600,000 | $200,000 - $400,000 |
| Luxury property | $600,000+ | $400,000+ |
| Land per m² | $1,700 - $2,200 | $680 - $1,100 |
What's the average price per square meter for apartments in Santo Domingo right now?
The average price per square meter for apartments in Santo Domingo ranges from $1,700 to $2,800 as of September 2025.
The citywide average sits between DOP101,884 and DOP130,932 per square meter, which translates to approximately $1,700 to $2,200 per square meter. However, this figure varies significantly based on location, building quality, and neighborhood desirability.
Premium neighborhoods like Piantini, Naco, and Bella Vista command higher prices, often reaching $2,400 to $2,800 per square meter for new construction projects. Mid-range areas typically fall within the $1,800 to $2,200 range, while emerging neighborhoods and suburban locations can be found in the $1,400 to $1,800 bracket.
New luxury developments with modern amenities and CONFOTUR tax benefits can push prices even higher, sometimes reaching $3,000 to $4,000 per square meter in the most exclusive gated communities. These premium prices reflect the growing demand from both local and international buyers seeking high-end properties with modern infrastructure.
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How much does a typical one-bedroom apartment cost to buy in the city center versus outside the center?
One-bedroom apartments in Santo Domingo's city center typically cost between $80,000 and $150,000, while similar units outside the center range from $50,000 to $90,000.
City center locations, particularly in areas like Zona Colonial, Gazcue, and parts of Bella Vista, command premium prices due to proximity to business districts, restaurants, and cultural attractions. These central apartments often feature modern amenities and are located in well-maintained buildings with security services.
Outside the city center, neighborhoods like Los Alcarrizos, Villa Mella, and outer sections of Santo Domingo Este offer more affordable options. These areas provide good value for money while still maintaining reasonable access to the city center through public transportation and major highways.
The price difference reflects not only location but also building quality, amenities, and neighborhood infrastructure. City center apartments typically offer better walkability, while suburban options often provide more space and parking facilities.
For rental purposes, city center one-bedroom apartments average around $670 per month, compared to approximately $360 per month in suburban areas.
What's the going price for a two-bedroom condo in popular neighborhoods like Piantini, Naco, or Gazcue?
Two-bedroom condos in Piantini and Naco typically range from $250,000 to $600,000, while Gazcue offers more moderate pricing between $150,000 and $250,000.
| Neighborhood | Price Range | Characteristics |
|---|---|---|
| Piantini | $300,000 - $600,000+ | Ultra-luxury developments, high-end amenities, expatriate community |
| Naco | $250,000 - $550,000 | Modern towers, business district proximity, upscale dining |
| Gazcue | $150,000 - $250,000 | Historic charm, cultural attractions, more affordable luxury |
| Bella Vista | $200,000 - $400,000 | Central location, mixed residential-commercial, good connectivity |
| Evaristo Morales | $180,000 - $350,000 | Residential focus, family-friendly, growing development |
| Serralles | $220,000 - $450,000 | Quiet residential, embassy area, security presence |
| La Esperilla | $160,000 - $320,000 | Emerging area, good value, developing infrastructure |
How much would I pay on average for a three-bedroom family apartment in Santo Domingo?
Three-bedroom family apartments in Santo Domingo typically cost between $150,000 and $450,000, depending on location and quality.
In central districts and emerging neighborhoods, new three-bedroom apartments commonly range from $150,000 to $250,000. These properties often feature modern layouts, adequate parking, and basic amenities suitable for families with children.
Exclusive zones like Piantini, Naco, and premium sections of Bella Vista command higher prices, with three-bedroom units reaching $350,000 to $450,000. These luxury apartments typically include premium finishes, concierge services, swimming pools, and enhanced security features.
For rental purposes, three-bedroom apartments in the city center average around $1,470 per month, while suburban locations cost approximately $810 per month. These rental prices reflect the strong demand from families and professionals seeking spacious living arrangements.
The variation in pricing largely depends on factors such as building age, amenities offered, parking spaces included, and the overall prestige of the neighborhood.
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What's the current market price for houses, both small starter homes and larger family homes?
House prices in Santo Domingo vary significantly based on size, location, and neighborhood prestige, ranging from $80,000 for starter homes to over $1 million for luxury properties.
Starter homes and small houses in middle-class districts typically cost between $80,000 and $150,000. These properties usually offer 2-3 bedrooms, basic amenities, and are located in established residential neighborhoods with good access to schools and shopping centers.
Mid-sized family homes in the same areas range from $150,000 to $300,000, providing additional space, better finishes, and often including features like private parking, small gardens, or terraces. These properties appeal to growing families seeking more space and privacy.
In high-end neighborhoods like Piantini, Naco, and Bella Vista, house prices start at $250,000 for smaller properties and can reach $600,000 to over $1 million for luxury homes. These premium properties often feature modern architecture, high-end finishes, swimming pools, and enhanced security systems.
The house market has shown steady appreciation, with family homes experiencing a 5% annual price increase over the past year, making them attractive for both residential and investment purposes.
How much does land cost per square meter in central versus suburban areas of the city?
Land prices in Santo Domingo show a clear distinction between central and suburban areas, with central locations commanding premium prices.
In central and sought-after areas, land typically costs between DOP100,000 and DOP130,000 per square meter, equivalent to approximately $1,700 to $2,200 per square meter. These prices reflect the high demand for developable land in established neighborhoods with existing infrastructure and services.
Suburban and outlying districts offer more affordable options, with land prices ranging from DOP40,000 to DOP65,000 per square meter, or approximately $680 to $1,100 per square meter. These areas often require additional investment in infrastructure but provide opportunities for larger developments.
The price variation depends heavily on zoning regulations, street access, proximity to major highways, and the availability of utilities such as electricity, water, and sewage systems. Prime commercial zones and waterfront areas command the highest prices within the central category.
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What's the difference in price between new construction units and older resale properties?
New construction properties in Santo Domingo typically command a 10-20% premium over older resale properties, with the gap widening for buildings over 20 years old.
New builds in high-end and central areas range from $1,700 to $2,400 per square meter, particularly for pre-construction projects that offer modern amenities, energy-efficient systems, and contemporary designs. These properties often qualify for CONFOTUR tax incentives, adding to their appeal for investors.
Resale properties generally cost 10-20% less than comparable new construction per square meter. However, this discount can become much steeper for buildings over 20 years old or properties that haven't been renovated, sometimes offering 30-40% savings compared to new construction.
Luxury new developments command significant premiums due to features like smart home technology, premium finishes, resort-style amenities, and modern security systems. These properties also benefit from updated building codes and modern infrastructure.
Buyers should consider that older properties may require renovation investments, while new construction typically comes with warranties and modern systems that reduce immediate maintenance costs.
How much are monthly rents on average for one-bedroom, two-bedroom, and three-bedroom apartments?
Rental prices in Santo Domingo vary significantly between city center and suburban locations, with clear price tiers for different apartment sizes.
| Apartment Type | City Center | Suburbs/Outside Center |
|---|---|---|
| One-bedroom | $650 - $800 | $350 - $450 |
| Two-bedroom | $900 - $1,200 | $500 - $800 |
| Three-bedroom | $1,250 - $1,700 | $700 - $1,100 |
| Studio apartment | $450 - $600 | $250 - $350 |
| Luxury one-bedroom | $1,000 - $1,400 | $600 - $900 |
| Luxury two-bedroom | $1,500 - $2,200 | $900 - $1,400 |
| Luxury three-bedroom | $2,000 - $3,000 | $1,200 - $1,800 |
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 do prices in luxury developments or gated communities compare with regular residential areas?
Luxury developments and gated communities in Santo Domingo command a 50-100% premium over standard residential properties in the same areas.
Regular residential zones typically offer properties at up to $1,500 per square meter less than luxury new builds in equivalent locations. This significant price difference reflects the enhanced amenities, security features, and prestigious branding associated with luxury developments.
Exclusive gated communities and ultra-luxury developments can reach $2,800 to $4,000 per square meter for prime locations with comprehensive amenities. These developments often feature resort-style facilities including swimming pools, tennis courts, fitness centers, 24/7 security, and concierge services.
The premium pricing in luxury developments also reflects stricter architectural standards, higher-quality construction materials, and professional property management services. Many of these communities cater to international buyers and expatriates seeking familiar living standards.
Mid-market regular zones provide excellent value for buyers prioritizing location over luxury amenities, offering solid properties in good neighborhoods without the premium associated with branded developments.
What are the typical property taxes and transaction costs when buying in Santo Domingo?
Property taxes in Santo Domingo are relatively moderate, with annual taxes of 1% applied to properties valued over approximately $172,000.
The annual property tax applies to properties valued above RD$10,190,833 (approximately $172,000), with this threshold adjusted annually for inflation. Properties below this value are exempt from annual recurring taxes but still subject to transfer taxes at purchase.
Transfer taxes amount to 3% of the purchase price or tax-appraised value, whichever is higher. This tax applies to all property transactions and represents a significant upfront cost for buyers.
CONFOTUR-certified properties offer substantial tax advantages, providing exemptions for up to 15 years on property taxes. Buyers should verify if their target property qualifies for these incentives, as they can significantly impact long-term ownership costs.
Additional transaction costs include notary fees, legal documentation, property surveys, and translation services, which collectively add to the overall purchase expense.
How much should I budget for closing costs, legal fees, and realtor commissions in percentage terms?
Total closing costs in Santo Domingo typically range from 4% to 10% of the property purchase price, including all taxes, fees, and professional services.
- Legal fees: 1-1.5% of purchase price for attorney services, document review, and legal representation
- Notary and documentation fees: Up to 1% for official document processing and notarization
- Transfer tax: 3% of purchase price or appraised value (whichever is higher)
- Surveyor and incidental costs: $400-$600 for property surveys and technical inspections
- Realtor commission: 3-6% typically paid by seller, though sometimes negotiable for off-market or resale properties
Buyers should also budget for translation services if documents need to be prepared in multiple languages, title insurance if desired, and any required property inspections. These additional costs can add another $500 to $1,500 to the total closing expenses.
It's essential to clarify commission arrangements before signing any agreements, as practices can vary between different real estate agencies and transaction types. International buyers often benefit from working with bilingual legal professionals familiar with foreign investment requirements.
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How have real estate prices changed over the last 5 years, and what's the current annual growth rate?
Santo Domingo's real estate market has experienced steady growth over the past five years, with apartment prices increasing 25-35% during this period.
The average annual price increase has ranged from 5-7% for apartments, while house prices have shown slightly more modest growth at around 5% annually. This consistent appreciation reflects the city's economic stability and growing demand from both domestic and international buyers.
Over the last year specifically, apartment prices have risen by 7% year-over-year, while house prices increased by 5%. This growth pattern indicates a healthy market with sustainable appreciation rates that outpace inflation without creating bubble conditions.
Current forecasts suggest the Santo Domingo residential market will continue growing at 5-7% annually through 2025-2026. This projection is based on continued urban development, infrastructure improvements, and sustained interest from foreign investors.
Luxury and beachfront properties in areas like Punta Cana and Cabarete have shown faster growth rates of 8-10% annually, though with higher volatility compared to Santo Domingo's more stable urban market. These coastal markets attract different buyer segments and experience more seasonal fluctuations.
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 real estate market offers diverse opportunities for both investors and residents, with clear price distinctions between neighborhoods and property types.
The market's steady 5-7% annual growth rate, combined with reasonable transaction costs and tax incentives for qualifying properties, makes it an attractive destination for international real estate investment.
Sources
- International Investment - Dominican Republic Real Estate Market
- The LatinvestoR - Santo Domingo Price Forecasts
- The LatinvestoR - Average House Prices Dominican Republic
- Morillo Suriel Abogados - Cost of Living Dominican Republic 2025
- ProperstAR - Santo Domingo House Prices
- Fazwaz - Santo Domingo 3-Bedroom Apartments
- Global Property Guide - Dominican Republic Square Meter Prices
- Dominican Today - Closing Costs Buying Property