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Jarabacoa

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Introduction

City Overview

Welcome to Jarabacoa, a picturesque town nestled in the central mountains of the Dominican
Republic. Known for its cool climate, lush landscapes, and adventurous spirit, Jarabacoa is
often referred to as the “City of Eternal Spring.” Living in Jarabacoa means enjoying a tranquil
lifestyle surrounded by natural beauty and outdoor activities.

Key Statistics

  • Population: Approximately 70,000
  • Area: 787.05 square kilometers
  • Average Property Price: $800 per square meter (residential)
  • Major Economic Activities: Agriculture, tourism, real estate

Residential Market

Cabins

Jarabacoa offers a variety of cabins, ideal for both residents and vacation rentals. Popular areas include Buena Vista and Mata de Plátano. Prices range from $50,000 to $400,000

Single-Family Homes

These properties are perfect for families looking for space and comfort. Gated communities such as Quintas de Primavera and La Joya are highly sought after. Prices typically range from $150,000 to $800,000.

Luxury Villas

Jarabacoa is renowned for its stunning luxury villas, especially in exclusive areas like Jamaca de Dios and Altos de Jarabacoa. Prices for these properties start at $400,000 and can exceed $3,000,000

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Real Estate Market

Market Trends

Jarabacoa’s real estate market is growing steadily, driven by its appeal as an eco-tourism
destination and its natural beauty. The market offers a wide range of properties, from affordable
cabins to luxurious mountain villas. Property values are increasing due to rising demand and
ongoing development.

Types of Properties

  • Residential: Cabins, single-family homes, and luxury villas
  • Commercial: Retail spaces, office buildings, and hospitality properties

Commercial Market

Retail Spaces

Retail properties in high-traffic areas such as the town center and near tourist attractions are in high demand. Rental prices vary from $10 to $20 per square meter per month.

Office Buildings

As the area develops, there is an increasing need for office spaces. Prices depend on location and amenities, ranging from $8 to $15 per square meter per month.

Hospitality Properties

With tourism being a major economic driver, investing in hotels, resorts, and vacation rentals can be highly lucrative.

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Statistical Insights

Economic Growth and Development

Jarabacoa is a thriving economic hub, primarily driven
by its robust tourism sector and agriculture. The local economy benefits from continuous
investments in hospitality, infrastructure, and real estate.

Key Economic Statistics:

● GDP Growth Rate: Averaging 5.1% annually over the past decade.
● Unemployment Rate: Approximately 6.0%, reflecting a strong job market driven by
tourism and agriculture.
● Foreign Direct Investment (FDI): Over $300 million in 2022, with a substantial portion
allocated to tourism and real estate projects.

Investment Opportunities

Vacation Rentals:

The high influx of tourists makes vacation rentals a profitable investment. Short-term rental properties often yield high returns.

Commercial Developments

Investing in retail and office spaces can provide steady income due to the growing local economy.

Luxury Market

The demand for high-end properties is increasing, attracting affluent buyers and investors from around the world.

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Lifestyle and Amenities

Living in Jarabacoa

Living in Jarabacoa offers a lifestyle that feels like a permanent retreat. With its stunning
landscapes, vibrant community, and plethora of outdoor activities, Jarabacoa is perfect for those
who love nature and adventure.

Schools and Education

Jarabacoa International School , Colegio Los Alpes, Colegio María Auxiliadora.

Healthcare Facilities

Centro Medico Jarabacoa , Hospital Municipal de Jarabacoa , Clinica Santa María.

Shopping and Dining

Supermercado Jarabacoa , Plaza Jarabacoa , Centro Comercia , Restaurante La Tinaja , Pizzeria Italiana.

Recreation and Leisure

Jarabacoa River Club , Pico Duarte , Salto de Jimenoa , Baiguate Waterfall , Rancho Baiguate.

Future Prospects

Economic Growth

Jarabacoa’s economy continues to grow, with significant investments in tourism and infrastructure.

Infrastructure Improvements

Ongoing projects such as new highways and airport expansions are expected to further boost the real estate market.

Tourism Expansion

As a premier eco-tourism destination, Jarabacoa is continually attracting more visitors, driving demand for real estate.

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Investment Opportunities

Why Invest Here

Eco-Tourism Hub

Jarabacoa is a major ecotourism destination, attracting millions of visitors each year, which drives demand for real estate.

High ROI

Properties in Jarabacoa offer high rental yields and strong capital appreciation.

Favorable Climate

The Dominican Republic offers favorable conditions for foreign investment, including tax incentives and a stable economy.

Future Developments

New Resorts

Several new resorts are under development, expected to boost tourism and real estate demand.

Infrastructure Projects

Ongoing improvements in roads, utilities, and public services will enhance property values and quality of life.

Popular Neighborhoods

Buena Vista

Known for its beautiful landscapes, luxury cabins, and vibrant expat community.

Mata de Plátano

A residential area with a mix of modern and traditional homes, close to the river and hiking trails.

Quintas de Primavera

A prestigious neighborhood with upscale homes and gated communities.

La Joya

Offers a blend of residential and commercial properties, known for its stunning mountain views.

Jamaca de Dios

A serene area known for its luxury villas and eco-friendly living.

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Local Businesses

Business Directory

Real Estate Agencies

Jarabacoa Mountain Real Estate, Coldwell Banker Prime Realty

Legal Services

Guzmán Ariza Attorneys at Law, Russin Vecchi & Heredia Bonetti

Property Management

Jarabacoa Property Management, Mountain Property Management

Advertising Opportunities

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Practical Information

Transportation

Public Transport , Major Roads , Air Travel.

Cost of Living

Housing , Utilities , Groceries and Dining.

Local Services

Banks , Postal Services , Government Offices.

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