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La Romana

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Introduction

City Overview

Welcome to La Romana, a charming city located on the southeastern coast of the Dominican
Republic. Known for its sugar production and vibrant tourism industry, La Romana is a hub of
culture, history, and modern development. Living in La Romana means enjoying beautiful
beaches, world-class golf courses, and a community-oriented lifestyle with all the amenities of a
modern city

Key Statistics

  • Population: Approximately 130,000
  • Area: 185.9 square kilometers
  • Average Property Price: $1,000 per square meter (residential)
  • Major Economic Activities: Tourism, sugar production, services

Residential Market

Apartments

La Romana offers a variety of apartments, ideal for both residents and vacation rentals. Popular areas include the city center and Casa de Campo. Prices range from $80,000 to $500,000.

Single-Family Homes

These properties are perfect for families looking for space and comfort. Gated communities such as Villa Hermosa and Altos de La Marina are highly sought after. Prices typically range from $150,000 to $1,200,000.

Luxury Villas

La Romana is renowned for its stunning luxury villas, especially within the prestigious Casa de Campo resort. Prices for these properties start at $500,000 and can exceed $5,000,000.

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Real Estate Market

Market Trends

La Romana’s real estate market is growing steadily, driven by its tourism appeal and strategic
location. The market offers a diverse range of properties, from affordable apartments to
luxurious villas in exclusive resorts. Property values are rising due to increasing demand from
both locals and international buyers.

Types of Properties

  • Residential: Apartments, 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 shopping centers and tourist hotspots are in high demand. Rental prices vary from $20 to $40 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 $15 to $30 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

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

Key Economic Statistics:

● GDP Growth Rate: Averaging 4.9% annually over the past decade.
● Unemployment Rate: Approximately 6.0%, reflecting a strong job market driven by
tourism and services.
● Foreign Direct Investment (FDI): Over $1 billion 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 La Romana

Living in La Romana offers a lifestyle that feels like a permanent vacation. With its stunning
beaches, vibrant nightlife, and plethora of outdoor activities, La Romana is perfect for those who
love to live life to the fullest.

Schools and Education

Abraham Lincoln School: An international school offering high-quality education from preschool to high school.

Healthcare Facilities

Centro Médico Central Romana: A modern medical facility providing comprehensive healthcare services.

Shopping and Dining

Multiplaza La Romana: A popular shopping destination with a variety of stores, restaurants, and entertainment options.

Recreation and Leisure

Playa Bayahibe: Enjoy the white sand beaches and turquoise waters, perfect for swimming, sunbathing, and water sports

Future Prospects

Economic Growth

La Romana’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 Boost

As a premier tourist destination, La Romana is continually attracting more visitors, driving demand for real estate.

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Investment Opportunities

Why Invest Here

Tourism Hub

La Romana is a major tourist destination, attracting millions of visitors each year, which drives demand for real estate

High ROI

Properties in La Romana 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

Airport Expansion

The expansion of La Romana International Airport will increase capacity and improve connectivity.

New Resorts

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

Popular Neighborhoods

Casa de Campo

An exclusive resort community offering luxury villas, world-class golf courses, and marina access.

Villa Hermosa

A residential area with a mix of modern and traditional homes, close to schools and shopping centers

Altos de La Marina

Known for its upscale homes and beautiful views of the marina

La Caleta

Offers a blend of residential and commercial properties, known for its convenient location near the beach

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Local Businesses

Business Directory

Real Estate Agencies

Century 21 Perdomo, Provaltur International

Legal Services

Guzmán Ariza Attorneys at Law, Russin Vecchi & Heredia Bonetti

Property Management

Domus Caribbean, La Romana Property Management

Advertising Opportunities

Feature Your Business:

Contact us to learn how you can advertise your business on Domalty.com and reach a wider audience.

Practical Information

Transportation

Public Transport: Local buses and taxis provide convenient transportation options within La Romana.

Cost of Living

Housing: Average rent for a one-bedroom apartment in the city center is approximately $450/month

Local Services

Banks: Banco Popular, Banco BHD León, Scotiabank

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