DR Paradise News Archive

February 17, 2009, Samana road's makeover.

The Ministry of Tourism has ordered the re-paving of 19 kms from Cruce de Molenillo to Las Terrenas in Samana, as reported in the Listin Diario. The Minister said that all the roads from Sanchez to Las Terrenas would be asphalted. Tourism Minister Francisco Javier Garcia told the Listin Diario that the repaving is part of a program to improve all roads leading to the country's tourist destinations. Garcia said that sidewalks, drainage, signage and parking areas would also be improved as part of the program.

January 7, 2009, Letter from the Editor of Caribbean Pro Magazine.

There are almost no Caribbean political icons with the ability to lead, inspire and unite the disparate Caribbean nations.

Every Caribbean country has a long history of charismatic leaders whose mythology is planted deep in the national psyche, but these are almost never shared internationally with Caribbean neighbours, even now in our global village. It's as though the unspoken war of supremacy which works silently throughout the islands prevents a natural leader from rising up and being accepted as the regional voice.
Please click to read full article.

July 26, 2008, NYT: Affordable Caribbean: Dominican Republic.

Samaná, the gnarled finger of a peninsula on the northeast shore of the Dominican Republic, has always been a gorgeous place. Green roller-coaster hills are home to picturesque farms on the interior, and lazy beach towns dot the shore, drawing Europeans willing to make the lengthy and rugged drive from the country's major airports...
Please click to read full NYT article.

March 8, 2008: We have added some great new listings on our DR Paradise Real Estate Web site.

Please check out all of our listings. Some of our new Caribbean investments we are offering in Dominican Republic are Rolling Hills with ocean view just 5 min. from Las Terrenas for US$ 21 per sq. mt. This is a perfect spot for private single family homes, or a large condo or bungalow project. We also have some great new condo listings at some of the hottest projects in Las Terrenas.  Beach front luxury condos with an on-site Italian Gourmet Restaurant and French Spa for starting at US$260,000 

February 12, 2008: We have been able to reach an agreement with a AAA Prime Bank in NYC.

We would like to inform you that we have been able to reach an agreement with an 'AAA Prime Bank in NYC'. This is not a local lender. They offer three types of mortgages: purchase, refinance and cash out (sorry no construction loans). Offer is limited to U.S., Canadian & UK citizens. . CLICK HERE TO FIND OUT MORE... .

February 5, 2008: Carribean lending.

§ 60-70% LTV
§ Full Status only
§ International Credit Report Run
§ GBP, CAD, EURO Currencies available
§ Purchase Only
§ Interest Only available up to 5 years
§ Rates Start from 8.20%
§ Minimum Loan Advance US$250k

El Catey Airport

The El Catey International Airport serving the peninsula of Samana is now open. Situated some 5 miles west of Sanchez near the little village of El Catey and just before the mountainous peninsula begins, it is only a 30 minute drive from beautiful Las Terrenas. Click here for more photos...
Click here for more photos...

May 15, 2007

"The Donald" arrives Friday
Flamboyant real estate mogul and television personality Donald Trump arrives in the DR on Friday to begin sales of his US$2 billion project in Cap Cana, Trump Farallon Estates. Cap Cana's developers signed a partnership agreement with Trump last February to build a golf course, a hotel-condominium complex, a beach club, golf villas and apartments. Lots at the project range from 6000 mt2 to 24,000 mt2 and are located two hundred feet above the ocean. The latest winner of the hit television show "The Apprentice" opted to work at the new site based on photos she was shown. She exclaimed, "Have you seen the water?"

Chinatown arches ready
Construction has accelerated on the arches of Avenida Duarte that mark the limits of Santo Domingo's own Chinatown, slated to be a new tourist attraction of the capital city. The traditional shopping district is the site of several traditional Chinese stores and restaurants, and the project is part of a major move to strengthen Santo Domingo's positioning as a shopping center. The builders promise that the arches and paved entrance will be ready in time for the busy mother's day shopping at the end of the month. Mother's Day in the Dominican Republic falls on Sunday, 27 May.

Samana road by year's end
Public Works Minister Manuel de Jesus Perez said that the Santo Domingo-Samana expressway could be finished by December. Only heavy rains could keep the road from completion, he said. The road will cut travel time by half to Samana, one of the booming new tourist destinations in the country. Once the new highway is open, driving to Samana from Santo Domingo may take less time than traveling to La Romana.

Good years for the Caribbean
Financiers are expressing optimism about tourism to the Caribbean. Speaking at the Caribbean Hotel & Tourism Investment Conference held in Curacao, KPMG partner Simon Townend indicated that US economic stability and US market demographics are factors in this positive regional outlook. He explained that airlift to the region has been and continues to be strong, and world economic growth and the increased strength of European currencies have produced new entrants to the economy. He said that the DR had emerged as the frontrunner in the region, with high potential for future growth. Warren Jestin of Scotiabank said, "The graying of America will certainly help the market stay afloat. Seniors whose average age is going up will change the tourism industry as well as the labor market worldwide. Every country getting into the Green Globe groove will generate trillions of dollars to be spent," he said, as reported by John Collins.