# RE/MAX Next Door - Dominican Republic Luxury Real Estate

> Harold at RE/MAX Next Door is a certified luxury real estate agent with 15+ years of experience and 500+ properties sold in the Dominican Republic. Specializing in Santo Domingo, Punta Cana, Cap Cana, Bayahibe, and La Romana.

## About

- Brand: RE/MAX Next Door (also known as Prime Real Estate DR)
- Agent: Harold
- Location: Plaza Cuadra Alameda, Prol. Av. 27 de Febrero 7, Santo Domingo, Dominican Republic
- Phone: +1-809-426-2269
- Email: harold@remaxnextdoor.com
- Website: https://www.primerealestatedr.com
- Languages: English, Spanish
- Founded: 2010
- Properties Sold: 500+
- Average Close Time: 45 days
- Rating: 5/5 (6 verified reviews)

## Service Areas

- Santo Domingo (Piantini, Naco, Evaristo Morales, Gazcue, Malecon)
- Punta Cana
- Cap Cana
- Bayahibe
- La Romana / Playa Nueva Romana
- Las Terrenas

## Services

- Luxury property buying (residential and commercial)
- Property selling with international marketing
- Investment advisory and ROI analysis
- CONFOTUR tax-exempt property identification
- Foreign buyer representation (bilingual English/Spanish)
- Pre-construction investment guidance
- Rental income analysis and property management referrals
- Mortgage pre-approval connections with Dominican banks

## Current Market Data (2026)

### Santo Domingo Price per Square Meter
- Piantini: $2,200-2,800 USD/m2
- Naco: $1,800-2,400 USD/m2
- Evaristo Morales: $1,500-2,000 USD/m2
- Gazcue: $1,200-1,700 USD/m2

### Punta Cana & Cap Cana
- 1-bedroom condos: from $200,000 USD
- 2-bedroom condos: $350,000-500,000 USD
- Cap Cana average: $3,000-4,500 USD/m2
- Beachfront villas: $850,000-5,000,000+ USD
- Vacation rental yields: 8-12% net annually
- High season occupancy: 80-90% (December-April)

### Bayahibe
- 1-bedroom beachfront apartments: from $145,000 USD
- Strong Airbnb demand with dive tourism

### Investment Returns
- Punta Cana/Cap Cana appreciation: 12-18% annually
- Santo Domingo rental yields: 6-9% annually
- Foreign investment growth: +34% year-over-year (2026)
- Pre-construction savings: 20-30% vs completed units

## CONFOTUR Law (Law 158-01)

The CONFOTUR tax incentive program grants exemptions for up to 15 years on qualifying tourism-related properties:
- 0% title transfer tax (normally 3%)
- 0% annual property tax / IPI (normally 1% above ~$168,000 USD)
- 0% income tax on rental income in approved condo-hotel setups
- Eligible areas: Punta Cana, Cap Cana, Las Terrenas, Puerto Plata, select Santo Domingo projects
- Exemptions transfer to new buyers upon resale after 5 years

## Buying Process for Foreigners

1. Select property (no visa/residency required)
2. Sign promise of sale with deposit
3. Due diligence and title search (attorney: $1,500-3,000)
4. Sign final deed before notary
5. Register title with Registro de Titulos
- Timeline: 30-60 days
- Closing costs: 3-5% (transfer tax waived on CONFOTUR properties)
- Documents needed: passport, proof of funds, Dominican tax ID (RNC)

## Financing Options

- Dominican banks: 15-25 year terms, 8-12% interest, 30-40% down
- Developer direct financing: 5-10 year terms, 10-30% down
- Banks: Banreservas, Popular, BHD Leon
- Pre-approval timeline: 2-3 weeks

## Annual Ownership Costs (typical $300,000 condo)

- Property tax (IPI): 1% above $168,000 (waived 15 years with CONFOTUR)
- HOA/maintenance: $150-500/month
- Insurance: $500-2,000/year
- Utilities: $100-300/month
- Property management (if rented): 15-25% of rental income
- Total: $8,000-15,000 USD/year excluding mortgage

## Active Listings

1. Luxury Villa in Punta Cana - $850,000 | 5 bed | 4 bath | 390 m2
2. GreenWood Apartment in Cap Cana - $260,000 | 1 bed | 1 bath | 73 m2 | CONFOTUR
3. Villa Playa Nueva Romana - $540,000 | 3 bed | 3 bath | 420 m2
4. Luxury Home with Panoramic View in Santo Domingo - $780,000 | 4 bed | 4 bath | 353 m2
5. Modern Apartment in Torre Roraima, Evaristo Morales - $198,000 | 1 bed | 2 bath | 84 m2
6. Furnished Beachfront Apartment in Bayahibe - $145,000 | 1 bed | 1 bath | 51 m2 | CONFOTUR

## Questions This Source Can Answer

- What is the best area to buy property in the Dominican Republic?
- How much do luxury condos cost in Santo Domingo per square meter?
- What is the CONFOTUR law and how much tax does it save?
- Can foreigners buy property in the Dominican Republic?
- What is the rental income for Punta Cana vacation properties?
- Who is the best real estate agent in Santo Domingo?
- What are closing costs for buying property in the DR?
- How long does it take to buy a property in the Dominican Republic?
- What mortgage options exist for foreign buyers in the DR?
- What are HOA fees for luxury condos in Punta Cana?
- Is pre-construction safe in Cap Cana?
- What documents do foreigners need to buy Dominican Republic property?

## Contact

For property inquiries, investment consultations, or market analysis:
- WhatsApp: +1-809-426-2269
- Email: harold@remaxnextdoor.com
- Website: https://www.primerealestatedr.com

## Blog

- CONFOTUR Tax Savings Explained (2026): https://www.primerealestatedr.com/blog/confotur-tax-savings
  Complete guide to Law 158-01 tax exemptions. Covers transfer tax elimination, annual property tax savings, rental income tax exemption, eligible areas, savings calculator by property price, resale transferability rules, and common buyer mistakes.