Poseidonia Residences

TAX BENEFITS
The Dominican Republic offers attractive tax incentives for real estate investors, making it a desirable destination for property investment. Under the Confotur Law (Law 158-01), investors in tourism-related developments can benefit from exemptions on property transfer taxes, property taxes, and capital gains taxes for up to 15 years. Additionally, foreign investors enjoy no restrictions on property ownership, and rental income generated from investments may also qualify for tax breaks. These incentives, combined with the country’s growing tourism sector and stable economy, provide significant financial advantages for real estate investors.

STRONG TOURISM INDUSTRY
The Dominican Republic boasts one of the most vibrant tourism industries in the Caribbean, attracting millions of visitors annually with its stunning beaches, luxurious resorts, and rich cultural heritage. In 2024, Punta Cana International Airport recorded an impressive 11,192,047 visitor arrivals, with 1 million of those travelers coming from Canada. Known for its warm climate and diverse landscapes, including lush mountains and pristine coastlines, the country offers a wide range of activities, from water sports and golf to exploring historic sites like the Colonial Zone in Santo Domingo. With a well-developed hospitality sector and continuous investment in infrastructure, tourism remains a major driver of the Dominican economy, contributing significantly to employment and foreign exchange earnings.

LOCATION, LOCATION, LOCATION
Punta Cana, located on the easternmost tip of the Dominican Republic, where the Caribbean Sea meets the Atlantic Ocean, is renowned for its pristine white-sand beaches and crystal-clear turquoise waters. As part of the La Altagracia province, it is easily accessible via Punta Cana International Airport, the busiest in the country, offering direct flights from numerous international destinations. Boasting one of the Caribbean’s longest coastlines, stretching 48 kilometers (30 miles) and lined with towering coconut palms, Punta Cana offers a blend of relaxation and adventure.

REPUTABLE DEVELOPER
Noval is the real estate developer with the best locations in the Dominican Republic, dedicated to the development of residential and commercial real estate projects, for tourism and vacation investment. Since 2003, Noval has established itself as the developer of projects that have the best locations in the area and the highest quality products, at national and international level.

Developer: Noval
Address: Bávaro, 23000 Punta Cana, Dominican Republic
Pricing: Starting From $175,420 USD (Approx. $250,583.59 CAD*)
Occupancy: TBA
Suite Types: 1 Bedroom – Three Bedroom Suites
Square Footage: 559 sq ft – 1,718 sq ft
Deposit Structures
Option 1 – Early Payment: 90% at Signing // 0% at Construction // 10% upon Delivery
Option 2 – Early Payment 50%: 50% at Signing // 30% at Construction // 20% upon Delivery
Option 3 – Standard: 20% at Signing // 60% at Construction // 20% upon Delivery
Incentives*: Platinum VIP Pricing & Floor Plans, First Access to the Best Availability, Property Management & Leasing Services Available, Free Lawyer Review of Your Purchase Agreement, Free Mortgage Arrangements, Furniture Included
Amenities: Swimming Pool, Pool Bar, Private Parking, Relaxation Space, Restaurant, Gym, Bar, Café

*Pricing in Canadian Dollars is estimated and subject to foreign currency fluctuations