Standard construction cost price would be about U$700-U$900 for basic quality, medium quality U$900 -U$1100 and high end U$1100 to U$1500 per m2. Prices continue to go up in the DR on many items, especially imported higher ends materials such as tiles, quartz countertops, fittings and fixtures and much more. All these items help to push up the finishing cost price.
It could well be, I have no idea. Not many high end stuff around though, its often advertised as such but ends up being mehhhhh.
Very recently somebody I know was getting an add on to a house--- house that would be considered nice ( " high end"?), by DR standards. Nothing major, mind you.
That person agreed on 400k pesos or so, keys in hand, ie labour + materials.
It came up in a conversation, and I nearly spit out my coffee😄😄.
This person, a dominican abroad, asked us if we could take a look, if we ever happened to be in POP one day.
Long story short, but the contractor kind of blew us off, that there was 200k+ only for materials, blablabla...... and look, we are waiting on all this to be delivered from the ferrateria today or tomorrow. A bunch of stuff, cement, gravas, arena, rebar, tiles, grout, etc, etc.. for a total of 180k on the bill.
We got hold of the bill through the owner of the house, cos of course he was the one who paid it,
We then wrote everything down on paper and sent a primo of ours to the exact same ferrateria with the exact same list...... total : just over 100k pesos. 🤣🤣🤣🤣.
The rest of the story was told to me sometime after ( I left, after telling our friend he was getting robbed blind ).
They refused the delivery and confronted the ferrateria. They said it happens, shrug. lol.
Anyhow, he sure dodged a bullet.
Moral of the story : no way in hell I would pay a fixed price per m2 in the DR. You just know you will be gouged, imho.
