Introduction
As sales associate at Cap Cana, I
have to share with you this project in the Dominican Republic. Maybe it is a
project you'd want to invest in. This one-of-a-kind development rests in the beautiful landscapes on the southeast
coast of the Dominican Republic and will be the country’s largest private community. At roughly twice the size of
Manhattan, Cap Cana’s 30,000 acres will be home to four luxury hotels, one five-star condo residence, five golf courses
(three of which are Jack Nicklaus Signature designs), an 800-slip marina, an extravagant collection of fine and casually-
themed dining facilities, and a plethora of choices for quaint boutique shopping experiences.
Construction at Cap Cana began in 2003, and the developers’ vision of an unparalleled Caribbean resort is now becoming
a reality. Cap Cana has attracted buyers from all corners of the globe, including a substantial percentage from the U.S.
with specific interest in the fivestar condo hotel called the Alta Bella Fishing Lodge. Before I actually start talking about
its projects, I'll try to keep my focus about Cap Cana in general.
"
A unique collection of luxury properties"
Cap Cana has an area of approx. 46 sq. miles. 5 miles of coastline of which 3 miles are white sandy beaches. It will feature
5 golf courses, of which 3 are designed by Jack Nicklaus.
At the moment, the first phase is now being constructed, which include:
- the most complete state-of-the-art marina in the Caribbean with the capacity of more than 800 yachts, including mega-yachts.
- Luxury hotels with several thousand housing units
- Numerous sport facilities
- Private beach, golf and yacht club
- High-end stores, restaurants, spa's and entertainment complexes
Tax Incentives
The tourism incentive law 158-01, modified by law 184-02, establishes tax exemptions for certain areas of the Dominican
Republic, including the area of Cap Cana (Juanillo). This law provides important tax incentives for a period of up to 10 years,
such as exemptions from transfer tax, property tax, income or capital gains taxes, etc. Please note that tax exemptions also
apply for the first buyer: the person who purchases a new unit directly from the developer*.
* All applications in process. With the boom in the tourist industry, high rental returns are more achievable than many other
obscure international destinations that are said to be “investment hotspots.” With the increased amount of tourism comes an
increased need for rental properties. The ability to find a long-term rental property is becoming more difficult, but for owners
of these unique units, the return could be quite lucrative.
Press
Press Donald J. Trump has signed a partnership agreement with Cap Cana, S.A. in the Dominican Republic to develop an
enchanting luxury resort that will include a golf course, golf villas and golf lots, estate lots, a beach club, a condo hotel,
and residences with ocean views that together will be called Trump at Cap Cana. The real estate luxury products to be
developed represent an estimated value of over two billion dollars. The agreement was signed today by Cap Cana’s Board
of Directors President, Dr. Ricardo Hazoury and Donald J. Trump, CEO and President of The Trump Organization. The first
product to be developed within the partnership, “Trump Farallón Estates at Cap Cana”, will include 68 estates (with at least
1.5 acres each). The estates are located within a gated community on top of the highest bluff in the area, at 200 feet
above sea level, where one can enjoy spectacular views of the entire Cap Cana property and the Caribbean Sea. Homeowners
in the Farallón community will enjoy special memberships to a variety of clubs and amenities within Cap Cana. Reservations for
Trump Farallón Estates at Cap Cana are limited and currently being accepted on a first come, first served basis.
“
I am excited to be building Trump at Cap Cana for several reasons. Not only is the Dominican Republic an exceptionally
beautiful place with a wonderful history, but the allure of Cap Cana makes this a unique destination in the Caribbean,”
said Donald J. Trump. “
This is going to be a magnificent project, and we look forward to developing thousands of spectacular
acres into an elite destination that will be known worldwide in the years to come. I look forward to visiting often with my family.”
“
With the signing of this agreement, Cap Cana ratifies its goal to become renowned internationally as the ‘World’s Greatest
Destination’,” said Dr. Ricardo Hazoury. “
By combining the Trump experience with Cap Cana’s natural beauty and the talent
demonstrated by our team of professionals, in addition to the stable economy of the Dominican Republic, we are confident that
together we will continue to seamlessly create a new standard for tourism, real estate, and hotels for the entire region. We have
no doubt this is a win-win combination and look forward to all that lies ahead.”
So... what do you guys think thusfar? PM me or send me an e-mail if you have any questions