Nat­u­ral beauty

Calgary Herald - Calgary Herald New Condos - - Recre­ation & In­vest­ment Prop­er­ties -

Avail­able in 20 floor plans — which ac­com­mo­date ev­ery­thing from one to five bed­rooms in one-and two-storeys homes — res­i­dences mea­sure from 893 to 6,499 square feet.

Prices range from $475,000 US for an apart­ment to $1.7 mil­lion for a beach­front villa.

Ar­chi­tect Juan Perez Morales took ad­van­tage of the sur­round­ing nat­u­ral beauty, blended them with mod­ern man-made ma­te­ri­als to come up with the de­signs and fin­ish­ings for the res­i­dences.

Each home has gran­ite coun­ter­tops, stain­less steel ap­pli­ances, traver­tine and mar­ble baths, co­ral stone ter­races and ma­hogany doors.

As for the ameni­ties on the prop­erty, they in­clude rooftop so­lar­i­ums, chil­dren’s ar­eas, path­way sys­tem, beach club, spa and gym, ten­nis courts, am­phithe­atre and mini-mar­ket.

The Do­mini­can Repub­lic boasts fine golf courses, mari­nas, ex­cit­ing nightlife, ecoad­ven­ture op­por­tu­ni­ties, and cul­tural and his­tor­i­cal des­ti­na­tions.

But at the same time, it pro­vides plenty of space to just hang out.

So­nia and David Glass are Michi­gan snow­birds who bought an apart­ment in Bal­cones Del At­lantico in 2008 as an es­cape from Great Lakes’ win­ters. They have been able to watch the devel­op­ment grow.

“We had no hes­i­ta­tion in­vest­ing while the devel­op­ment was un­der­way,” says David. “We looked all around the area and Bal­cones was by far the best devel­op­ment, with the finest in con­struc­tion qual­ity and de­tail.”

There is the weather, beaches and the laid-back lifestyle of the Do­mini­can to con­sider, but don’t for­get the in­vest­ment at­tributes.

In­vestors can buy prime ocean­front prop­erty for a frac­tion of the cost of com­pa­ra­ble prop­er­ties in the U.S.

In 1998, the gov­ern­ment en­acted a law al­low­ing for­eign­ers to buy prop­erty in the coun­try with the same rights and obli­ga­tions as Do­mini­can res­i­dents — the only re­quire­ment be­ing that ti­tle reg­istry of­fices keep a record of all pur­chases made by non-cit­i­zens.

There are nu­mer­ous in­cen­tives the gov­ern­ment pro­vides for for­eign di­rect in­vest­ments, in­clud­ing hands-on as­sis­tance to in­vestors, a highly-de­vel­oped free trade zone sys­tem, and one of the strong­est telecom­mu­ni­ca­tions sec­tors in Latin Amer­ica.

“Baby boomers are pre­par­ing for a life of rest and re­lax­ation and are turn­ing to the Do­mini­can Repub­lic to find their dream home,” says Morales. “The Do­mini­can is now among the top 10 des­ti­na­tions in the Caribbean, Cen­tral and South Amer­ica for ar­eas to re­tire.”

While most of the world saw an eco­nomic down­turn dur­ing 2009, the Do­mini­can Repub­lic’s tourism in­dus­try con­tin­ued to grow. In ad­di­tion, in­vest­ment is also hold­ing steady.

So far, Bal­cones Del At­lantico has sold 95 per cent of its first phase, as well as 25 per cent of its on­go­ing sec­ond phase.

A cou­ple en­joys balmy seas in a colour­ful sail­boat off the coast of the sun-drenched Dominican Re­pub­lic in the Caribbean.

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