Over the past decade, economic growth in the DR has substantially reduced poverty rates and supported the expansion of the middle class. The country is on track to realize its ambition of achieving high-income status by 2030.
2. Tourism, Tourism, Tourism
Tourism in the Dominican Republic is an important sector of the country’s economy. More than 6 million tourists visit the Dominican Republic every year, making it the most popular tourist destination in the Caribbean and putting it in the top 5 overall in the Americas. The tourism industry accounts for 11.6% of the nation’s GDP and is a particularly important source of revenue in coastal areas of the country. The nation’s tropical climate, white sand beaches, diverse mountainous landscape, and colonial history attract visitors from around the world.
3. High Returns on Investments
Thanks to its growing tourism appeal, the rental business in The Dominican Republic is very lucrative, especially in beach towns like Punta Cana and Bavaro. A good investment property located not too far away from the beach or with breathtaking panoramic views will guarantee benefit from high occupation and rental rates, ensuring strong returns on investment, between 6% and 12% yearly for the best earners. The average ROI from rentals is 8% per year.
4. Good Infrastructure (Roads, Hospitals, Airports, Hotels…)
Over the past 20 years, The Dominican Republic has significantly improved and invested in its infrastructures in large cities and in the tourist areas like Punta Cana. These areas now benefit from private hospitals, international schools, an electricity grid, and brand-new roads.
5. Perfect Weather
The Dominican Republic enjoys a subtropical climate. Average temperatures fluctuate between 20°C / 68°F during the winter and 31°C / 88°F in the summer.
The waters are always turquoise and calm and the ocean breeze is always in the air. There are few certainties in life, but perfect weather in the Dominican Republic is one of them.