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Property prices in the Dominican Republic vary significantly between coastal resort areas and inland regions, with apartments averaging $2,200 per square meter nationally and houses around $1,760 per square meter.
As of September 2025, the Dominican Republic's real estate market shows strong growth momentum, particularly in tourist destinations like Punta Cana and coastal areas where beachfront properties can command $2,700 per square meter or more. Understanding these price variations across different property types and locations is crucial for making informed investment decisions in this rapidly growing Caribbean market.
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The Dominican Republic property market offers competitive pricing compared to other Caribbean destinations, with apartments averaging $2,200/m² nationally and significant price variations between coastal and inland areas.
Coastal resort areas like Punta Cana command premium prices of $2,000-$2,700/m², while rural inland properties can be found for under $1,000/m², making it attractive for both luxury investors and budget-conscious buyers.
| Property Type | Average Price per m² | Location |
|---|---|---|
| Apartments (National Average) | $2,200 | Nationwide |
| Houses (National Average) | $1,760 | Nationwide |
| Santo Domingo Apartments | $1,475-$2,350 | Capital City |
| Punta Cana Beachfront | $2,000-$2,700 | Tourist Zone |
| Santiago Properties | $1,600-$1,700 | Second City |
| Rural Properties | Under $1,000 | Inland Areas |
| Luxury Beachfront | $3,000-$5,000+ | Premium Locations |
What is the average price per square meter in the Dominican Republic right now?
The Dominican Republic property market shows distinct pricing patterns across different property types as of September 2025.
For apartments, the national average stands at approximately DOP 130,932 per square meter, which translates to around $2,200 per square meter. This figure represents a comprehensive average across urban centers, coastal areas, and secondary markets throughout the country.
Houses command slightly lower prices on a per-square-meter basis, with the national average at about DOP 104,612 per square meter, or roughly $1,760 per square meter. This pricing difference reflects the typical market dynamics where apartments in developed areas often carry premium pricing due to location and amenities.
These averages have shown consistent upward movement, with apartments experiencing 10.7% price growth and houses seeing 11.6% increases over the past year alone.
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How does the price per square meter differ between major cities like Santo Domingo, Santiago, and Punta Cana?
The three major markets in the Dominican Republic show significant price variations reflecting their distinct economic roles and development levels.
Santo Domingo, as the capital and financial center, commands prices between €1,475-€2,193 per square meter (approximately $1,475–$2,350). The wide range reflects the diversity of neighborhoods, from historic colonial areas to modern business districts like Piantini and Naco.
Punta Cana represents the premium tourist market with apartment prices ranging from $1,980–$2,100 per square meter for standard properties, while houses average around $1,569 per square meter. However, beachfront condominiums often start at $2,000 per square meter and can exceed $2,700 for luxury developments.
Santiago, the country's second-largest city and an important industrial center, offers more moderate pricing at approximately DOP 96,318 per square meter for apartments, translating to $1,600–$1,700 per square meter. This positioning makes Santiago attractive for investors seeking stable rental markets without tourist area premiums.
What is the price difference per square meter between urban areas and rural areas?
The Dominican Republic shows dramatic price disparities between urban and rural markets, creating opportunities for different investment strategies.
Urban areas, particularly in Santo Domingo and Santiago, command prices ranging from $1,400–$2,350 per square meter for apartments and $1,600–$1,760 per square meter for houses. These areas benefit from established infrastructure, employment centers, and amenities that support higher property values.
Rural areas present a completely different pricing landscape, with developed properties often available for under $100 per square meter. Agricultural or undeveloped land plots can be purchased for just a few dollars per square meter, making them attractive for long-term development projects or agricultural investments.
The rural markets also offer opportunities for eco-tourism developments or retirement communities, where land costs remain exceptionally low compared to coastal or urban alternatives. However, buyers must consider infrastructure limitations and development costs when evaluating rural properties.
How much does the price per square meter vary between coastal properties and inland properties?
Coastal proximity creates the most significant price premium in the Dominican Republic real estate market.
Coastal and beachfront properties, particularly in established resort areas like Punta Cana, Las Terrenas, and Cabarete, typically command $2,000–$2,700 per square meter for standard developments. Premium beachfront locations can reach significantly higher levels, especially for luxury developments with direct beach access.
Inland and non-coastal properties offer substantial savings, typically priced 25–50% below their coastal counterparts. This means similar quality properties away from major resort areas can be found for $1,000–$1,350 per square meter, making them attractive for long-term residents or investors focused on rental yields rather than tourism markets.
The coastal premium reflects not only the desirability of beach access but also the established tourism infrastructure, international airport proximity, and proven rental demand from vacation visitors. Inland properties may offer better value for money but require different marketing strategies for rental income.
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What are the average price ranges per square meter for apartments versus houses?
The Dominican Republic market shows consistent patterns in apartment versus house pricing across different market segments.
Apartments command higher per-square-meter prices, with the national average at approximately $2,200 per square meter. In major cities and luxury coastal areas, apartment prices can reach much higher levels, particularly for developments with amenities like pools, security, and proximity to business districts or beaches.
Houses generally offer better value on a per-square-meter basis, ranging from $1,569 per square meter in tourist areas like Punta Cana to the national average of $1,760 per square meter for detached homes. This pricing advantage reflects the larger land components and often suburban or residential area locations.
The apartment premium typically reflects urban density, building amenities, and location advantages, while houses offer more space and privacy at lower per-square-meter costs. For investors, apartments often provide easier rental management, while houses appeal to families and long-term residents seeking more space and outdoor areas.
What are the average price ranges per square meter for luxury properties versus mid-range properties?
The Dominican Republic luxury market commands significant premiums over mid-range properties, with clear differentiation in pricing tiers.
Mid-range properties, representing well-located but non-premium developments in city or tourist areas, typically range from $1,200–$1,800 per square meter. These properties offer good quality construction and desirable locations without luxury finishes or premium positioning.
Luxury properties begin at $2,000–$2,700 per square meter for entry-level luxury beachfront condominiums and villas. High-end luxury developments can command $3,000–$5,000 per square meter or dramatically higher for ultra-premium locations with exceptional amenities and beachfront access.
The luxury segment particularly thrives in coastal resort areas where international buyers seek premium finishes, concierge services, private beach access, and high-end amenities. These properties often target the vacation home and investment markets, where buyers prioritize location and amenities over price sensitivity.
How do prices per square meter differ between new construction and resale properties?
New construction consistently commands premium pricing in the Dominican Republic market, particularly in resort and expatriate-focused areas.
New construction properties typically command a premium of $100–$300 per square meter above comparable resale properties in the same area. This premium reflects modern building standards, energy efficiency, contemporary design, and the appeal of being the first owner.
Resale properties generally price 10–20% below new construction offerings, making them attractive for budget-conscious buyers or investors seeking immediate rental income without the wait for construction completion. However, some older properties in premium locations can maintain strong values due to their established positions and proven rental histories.
The new construction premium is particularly pronounced in resort areas where developers target international buyers seeking modern amenities and contemporary design. Pre-construction sales often offer additional incentives, though buyers should carefully evaluate developer track records and completion timelines.
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What is the historical trend of price per square meter over the last five to ten years?
The Dominican Republic property market has experienced accelerating growth, particularly following the global pandemic recovery period.
Over the past 5–10 years, overall annual appreciation has averaged 5–8% in major cities and 7–10% in premium tourist destinations. Before 2020, annual growth was more modest at 2–5%, reflecting steady but unremarkable market conditions.
The post-pandemic period marked a significant acceleration, with coastal resort areas driving much of the growth momentum. Properties in tourist zones have consistently outperformed urban markets, benefiting from increased interest in vacation homes and remote work possibilities.
Recent performance shows even stronger momentum, with apartments experiencing 10.7% price growth and houses seeing 11.6% increases over the past year alone. This acceleration reflects increased foreign investment, infrastructure improvements, and growing recognition of the Dominican Republic as an attractive Caribbean investment destination.
The historical trend suggests a maturing market that has gained international attention while maintaining affordability compared to other Caribbean destinations.
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.
What is the expected price growth per square meter over the next few years, according to market forecasts?
Market forecasts for the Dominican Republic indicate continued strong growth momentum through at least 2028.
National average growth projections range from 5–8% annually through 2028, reflecting continued economic development, infrastructure improvements, and growing international recognition. This growth rate positions the Dominican Republic among the more dynamic Caribbean markets.
Tourist and resort locations are projected to experience even stronger growth at 7–10% annually, particularly for luxury beachfront and premium developments. These areas benefit from sustained international demand, limited beachfront supply, and ongoing resort development.
The growth projections reflect several positive market drivers including improved transportation infrastructure, stable political environment, favorable foreign investment policies, and growing recognition as a retirement and vacation home destination. However, buyers should consider that these growth rates also mean today's prices may represent good value compared to future pricing.
How do prices per square meter compare in popular tourist destinations versus less developed regions?
The Dominican Republic shows dramatic price disparities between established tourist zones and developing regions, creating diverse investment opportunities.
Popular tourist destinations including Punta Cana, Las Terrenas, and Cabarete typically command $2,000–$2,700 per square meter for apartment developments. These areas benefit from established tourism infrastructure, international airports, proven rental demand, and ongoing development momentum.
Less developed regions and rural areas offer properties frequently under $1,000 per square meter for developed properties, with raw land available at much lower prices. These areas may offer long-term development potential but require careful consideration of infrastructure access and development timelines.
The price differential creates opportunities for different investment strategies: tourist areas offer immediate rental income and appreciation potential, while developing regions may offer dramatic long-term gains for patient investors willing to accept longer development horizons and infrastructure limitations.
What are the average rental yields per square meter for investment properties?
The Dominican Republic offers attractive rental yields that compare favorably with other Caribbean investment destinations.
Average rental yields nationwide range from 7.8–8.4% for capital city apartments as of mid-2025, with even stronger performance possible on vacation-oriented coastal properties. These yields reflect both affordable purchase prices and strong rental demand.
Coastal properties in tourist areas often achieve higher yields due to vacation rental premiums, particularly during peak tourist seasons. Properties in established resort areas with international visitor traffic can achieve annual yields of 8–12% when effectively managed.
Long-term rental properties in urban areas provide more stable but potentially lower yields, typically in the 6–8% range. These properties benefit from local employment demand and longer-term tenancy arrangements, providing more predictable income streams for investors seeking stability over maximum returns.
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What are the typical additional costs per square meter, such as taxes, maintenance fees, or legal expenses?
Understanding additional costs is crucial for accurate investment calculations in the Dominican Republic property market.
| Cost Type | Rate/Amount | Notes |
|---|---|---|
| Annual Property Tax | 1% of property value | Only applies to value above $166,000 USD |
| Transfer Tax | 3% of purchase price | One-time cost at purchase |
| Capital Gains Tax | Regular income tax rates | Applied to profit on sale |
| Condo Maintenance Fees | $1–$3 per m² monthly | Higher in luxury buildings |
| Legal/Closing Costs | 3–5% of purchase price | Includes legal, notary, registration |
Property taxes remain relatively low, applying only to properties valued above approximately $166,000 USD at a rate of 1% annually. This threshold means many mid-range properties avoid significant tax burdens.
Transfer taxes at 3% represent a significant one-time cost that buyers must factor into their purchase calculations. Combined with legal and closing costs of 3–5%, total acquisition costs typically add 6–8% to the property purchase price.
Ongoing maintenance fees for condominium properties range from $1–$3 per square meter monthly, with luxury buildings charging higher rates for premium amenities and services. These costs should be considered when calculating net rental yields and ongoing ownership expenses.
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.
The Dominican Republic property market offers compelling value propositions for international investors, with pricing that remains competitive compared to other Caribbean destinations while showing strong growth momentum.
Understanding the significant price variations between coastal resort areas, urban centers, and rural regions allows investors to align their strategies with their risk tolerance and investment objectives, whether seeking immediate rental income or long-term appreciation potential.
Sources
- International Investment - Dominican Republic Real Estate Market Price Growth
- Engel & Völkers - Santo Domingo Property Prices
- The LatinVestor - Dominican Price Forecasts
- The LatinVestor - Punta Cana Price Forecasts
- Beach Town Property - Dominican Republic Property Market Analysis
- Properstar - Dominican Republic House Prices
- Dominican Real Estate - Land Prices
- The LatinVestor - Average House Prices Dominican Republic
- The LatinVestor - Punta Cana Property Market
- Global Property Guide - Dominican Republic Rental Yields