Green One II

09/07/2020

abroad investment, dominican republic, invest, investment, investment property, investor, real estate investment

By Luis Asmar, CEO of Compass Financial Advisors

One of the best real estate investment options in Punta Cana

Green One II Residences is a real estate project designed for the sale and long term rent of apartments conceived to supply the growing demand for high end residences in the eastern area of the Dominican Republic; It constitutes the second stage of the Green One project.

The residential building will be in Punta Cana Village, a vibrant residential and commercial community. It has four floors; on the first floor it boasts an amazing entrance with a drop off zone which leads to a beautiful lobby, also you will find all social areas such as meeting rooms, offices, multipurpose room and a kid’s area. On the backside, the building residents will enjoy a swimming pool, BBQ Area, gym and an outdoor park for kids.

In addition, the building includes underground parking with a chauffeur area and all building services. The project consists of 61 apartments distributed along the 4 floors with one-bedroom and two-bedroom layouts, measuring from 75m2 to 210m2. The apartments located on the 1st floor will all enjoy their own private garden. On the 4th floor two of the apartments are penthouses which have an upper story and access to a private terrace.

The building has a large atrium the incorporates all four floors into a central garden. These gardens and social area on the first floor provide the building with a sensation of space and natural environments. The project will be completed by the end of 2022.

Area Overview.

The Dominican Republic is internationally recognized for being a tourist leader in the entire Central American and Caribbean region. Within the island, the Southeast region has established itself as the main tourist region, highlighting the areas of Punta Cana – Bávaro. Other prominent destinations are: Juan Dolio, Boca Chica, La Romana, Bayahíbe and Santo Domingo.

According to DR Central Bank statistics at the end of 2019, the Punta Cana International Airport received 3,476,451 non-resident tourists out of a total of 6,446,036 visitors who arrived in the country, which represents 54% of the total number of registered visits.

On the other hand, the Ministry of Tourism reports that, during 2019, the Tourism Development Council (Confotur) approved the classification of 51 definitive projects, impacting these projects mainly in the La Altagracia province, with an apparent investment of US $ 3,024.9 million, which will provide some 18,850 rooms and generate about 17,900 direct and indirect jobs.

Punta Cana Village: A charming vibrant community in the country’s leading tourist region, far from the hustle and bustle of the city, but with all the facilities and services of a major urban area, including an international school, a Four Points by Sheraton Hotel, a retail and dining galleria, churches, financial institutions, medical centers, and a gym.

Punta cCana Village is just a two-minute drive from the Punta Cana International Airport, a few kilometers from the Puntacana Resort & Club and a short distance from the access road to the Coral Highway. It covers an area of 3.4 million square meters and is currently home to 750 families, or approximately 2,500 people.

The community consists mainly of tourism sector executives, business entrepreneurs, property developers and young families wishing to provide their children with a better quality of life, in a family atmosphere and with respect for nature. The Village is divided into four phases, each with its particular features, ranging from single-family villas, clusters of townhouses with a children’s play areas, baseball and soccer fields, gym, swimming pool, residential buildings, and clusters of single-family villas.

It also includes an area earmarked for professional buildings, including the country’s main banks, law firm offices, and tour operators. The future phases for development are already set out in the master plan that includes an executive golf course, a social club with all the sports facilities, including tennis, basketball and volleyball courts, and a semiOlympic swimming pool. Punta Cana Village is one of the most exclusive and well accomplished areas of The Dominican Republic, it belongs to the all of the community of The Punta Cana Group, which own all of the land of the beaches, golf courses and all public areas of the vicinity, including The Punta Cana International Airport which is one of the few international airports in the world, receiving over 120 commercial international flights per day.

Everything surrounding Green One ll (max 4min drive).

• 24/7 security

• Proximity to shopping centers with national and international stores, including supermarket, ice cream parlors, dry cleaners, beauty salons, spa, pharmacies, veterinary clinic, restaurants, CrossFit, kids’ playground, baseball and soccer fields, swimming center and more.