Are you dreaming of owning a beachfront villa, a cozy condo or an investment property in the Caribbean? The Dominican Republic is one of the best places to buy real estate in the region: combining natural beauty, a growing economy and a foreigner-friendly property market.

This guide walks you through everything you need to know about buying property in the Dominican Republic as a foreigner in 2025.

Why Buy Property in the Dominican Republic?

Foreigners can own property freely
The Dominican Republic has no restrictions on foreign ownership. You’ll enjoy the same rights as Dominican citizens when buying real estate.

Affordable prices & high ROI
Property prices are still significantly lower than in other Caribbean islands, offering excellent value for money – especially in areas like Cabarete, Las Terrenas and Punta Cana.

Lifestyle and investment in one
Whether you’re retiring, relocating, or investing, the DR offers a laid back tropical lifestyle with potential for rental income or capital appreciation.

Best locations to buy property

Cabarete: Surf town with strong expat and rental market

Punta Cana: Resorts, golf courses, and gated communities

Sosúa: Popular with retirees, digital nomads, and Canadians

Las Terrenas: Boutique living with European charm

Santo Domingo: Ideal for urban properties and long-term investment

Each region offers something unique in terms of lifestyle, price, and rental potential.

Types of Properties

Beachfront villas

Modern condos and apartments

Land for development

Homes in gated communities

Commercial or rental properties

Prices vary, but beachfront condos can start at $180,000, while villas range from $250,000+ depending on size and location.

Step-by-Step: How to Buy Property in the DR

Work with a local real estate agent
Choose an experienced, bilingual agent familiar with the area.

Make an offer
Offers are often made in writing, and negotiations are common.

Sign the Promise of Sale (Contrato de Venta)
This preliminary agreement outlines the price, conditions, and timeline. A deposit (usually 10%) is paid at this stage.

Due diligence & legal checks
Your lawyer will verify the title deed (Titulo), check for liens, and ensure the property is free of legal issues.

Final contract & notarization
Once due diligence is complete, the final sales contract is signed before a notary and the remaining balance is paid.

Title transfer
The title is transferred at the Title Registry Office and your name is officially recorded.

You do NOT need Dominican residency to buy property. The entire process can be completed as a foreigner.

Costs & Fees

Legal fees: 1%-1.5% of purchase price

Title transfer tax: 3% of property value

Agent commissions: usually paid by the seller

Property tax: 1% annually on properties valued over ~DOP 9.5 million (approx. $165,000 USD)

There are no capital gains taxes for individuals on property sales.

Can I buy for rental income?

Yes – and short-term rentals (Airbnb, VRBO) are thriving in tourist hotspots. Many investors earn 6–10% ROI annually, especially in beachfront condos or properties with pools and amenities.

An on-site property management makes hands-off investment easy.

Is it safe to buy property in the DR?

Absolutely; but due diligence is essential. Always:

Work with a trusted real estate agent

Hire a local attorney to check titles

Avoid cash deals without contracts

Use a notary for official documents

When done right, buying property in the DR is safe, secure and straightforward.

Ready to find your dream property?

Whether you’re looking to retire, relocate or invest in the Caribbean, the Dominican Republic offers real estate opportunities with long-term value. Let us help you find the perfect property and guide you through every step of the process.

Buying Property in Dominican Republic 2025