In a special visit to Cap Cana, Punta Cana’s premier luxury resort and real estate community, Donald J. Trump held a press conference to highlight the many recent developments in his Trump at Cap Cana project, announcing a new condo hotel, beach club and world-class golf courses on site.

Accompanied by Dr. Ricardo Hazoury, President of Cap Cana’s Board of Directors, and Fernando Hazoury, Vice President of the Cap Cana Board, Trump expressed his passionate belief that “Cap Cana is one of the most wonderful places in the world, known world wide for its highest level of luxury and exclusivity - with beautiful natural surroundings as well as a solid plan for its development.”

Dr. Hazoury expressed his pride in the Dominican Republic and its recognition as a prime destination for luxury real estate tourism development, attracting great brands and foreign investment that make significant contributions to the national economy. “This is the future of our country.”

Trump has invested an important sum into this project which will increase over the maturity of its development. He emphasized the country’s stability and safe climate, as well as Cap Cana’s solid reputation as his main reasons for making this ongoing investment.

“The present real estate crisis in the United States has not affected Cap Cana, as its property owners do not come from one single country, but rather from all over the world. My perception is that within the next 12 months, the situation in the United States will resolve and will stabilize.”

Trump also announced that Hanse Golf Course Design Inc., one of the leading international golf course design companies, will be designing the first of Trump at Cap Cana’s new golf courses, Farallón and Dolinas, perched well above sea level on the project’s stunning bluff.

The team at Hanse Design firmly believes that the world’s best golf courses begin with the quality and foundation of the land. The supervision of this construction process is constant and committed through all its personnel in each international project, as is the case for Trump at Cap Cana.

The bluff’s courses will have strategically placed challenging sand traps, greens, and will be close one another without interfering in the development and design of the other course. Farallón, which consists of 7,215 yards of championship golf, is set amongst natural flora and a landscape dominated by the sand and sea, with three fabulous holes bordering the cliff face. Dolinas, boasting 7,290 yards of championship golf, will have a clean and clear native landscape, bordered by the abundance of trees, flowers, and spectacular dolinas.

About Cap Cana

Cap Cana is the most important tourism and real-estate project of the Caribbean. With a master plan investment projected at $1.5 billion, the first stage of the project will be developed in a span of 12-15 years and comprises an area of 35 million square meters (8,680 acres) of a total of over 120 million square meters (30,000 acres); 5.5 kilometers (3.5 miles) of virgin beaches and privy to a privileged climate. In its initial phase, the project will have more than four 5-star hotels, five golf courses, three of them being Jack Nicklaus Signature Courses, one of the most complete and modern marinas in the Caribbean and a total of 5,000 residential units and 500 hotel rooms.

http://dr1.com/realestate/developments/capcana/

Popularity: 68% [?]

If you think the property market is cooling, think again. Dominican Republic off plan property is currently one of the hottest deals for investors. Attracting great interest at the moment is the Punta Perla Golf Resort on the eastern tip of the coastline.

Santo Domingo.– The Dominican Republic has long been a favourite golfing destination for the rich and famous, including many US presidents. With 21 golf courses, including stunning oceanfront fairways, it’s easy to see why the country is one of the world’s most attractive golfing hotspots.

Tourism is the biggest earner, and there’s an opportunity for the investor around every corner. Plus, with direct flights from the UK and only 4 hours’ time difference, it’s easy to reach to manage an investment.

In this thriving property market foreign investors are increasing by the day. Many Dominican Republic property values have doubled in just a few years, and Punta Perla investment property looks set to follow. Plus, with an influx of 4 million international visitors to the country each year (and likely to double by 2015), the potential for property rentals is huge. The Dominican Republic also has one of the highest hotel occupancy rates anywhere in the world – a clear indicator that this Punta Perla investment opportunity is one not to be missed.

The Punta Perla Golf Resort, located at Punta Cana, offers opportunities for the investor and visitor alike. Golfers will enjoy three 18-hole world-class signature courses, designed by Colin Montgomerie, plus the Golf Academy.

Guests can also make the most of watersports, scuba, snorkelling, paragliding, horseriding at the equestrian centre, tennis, polo, the best spa in the Caribbean, luxury 5-star hotel, pools, shops, bars and restaurants, cinema and entertainment, business centre, casino and an onsite medical centre. With so much global competition in the golf resort market, Punta Perla is determined to outshine them all.

The golf resort itself links in with a 400-mooring marina, tropical village and Beach Club. Punta Cana International Airport is also just a short drive away. The Punta Perla Golf Resort is set in a stunning 2,700-acre tropical paradise. It promises to be one of the most exclusive and prestigious golf resorts in the world, with something for everyone and for all ages.

Just being there, you could easily believe you’ve died and gone to heaven — not just because of the year-round summer temperatures, the crystal waters, oh-so-blue skies and sun-kissed beaches, but also because of the significant financial incentives to investors buying before the end of January 2008, including cashback on completion, a guaranteed buyback schemes with 30 percent bonus, 10-year tax incentives, guaranteed rental income and a shared rental ‘pool’. And all of this for prime beach-front real estate in an eco-conscious development.

The 8,000 properties, most with terrace and Jacuzzi, include villas, apartments, penthouse suites, townhouses and millionaires mansions. Punta perla off plan properties range from $245,000-$1.4m and are built with low-density in mind.

The Dominican Republic has a long international history, being the first permanent European settlement in the Americas with the first European-built road system. The capital, Santo Domingo was also the first colonial capital in the Americas. It’s a tropical paradise – so beautiful that Christopher Columbus almost didn’t go home! And now the prospects for capital growth are just as appealing as the landscape itself.

Popularity: 22% [?]

Punta Cana in the Dominican Republic is a great place to live the Caribbean dream, a TV property expert has suggested.

Zilpah Hartley, television property expert, told the paper that in Punta Cana investors can enjoy luxurious surroundings “without breaking the bank”.

Ms Hartley also emphasised that “development and investment have hit new highs with upgrades to international airports and roads and the creation of new golf courses”.

Visitors to the Dominican Republic can already benefit from a gorgeous year-round climate, clear, warm blue seas and long stretches of stunning white sand.

The Sunday Mirror has reported that property prices in the Punta Cana region rose by as much as 20 per cent in the past year. There has recently also been huge investment - some £2.5 million - in the infrastructure of the region. This has bolstered a thriving tourist industry. Numbers are currently increasing by around six per cent a year.

Punta Cana is considered the major resort area in the Dominican Republic. Several professional golf courses have been built in the region. The Punta Cana Group is the most renowned of the projects in the region, in which celebrities such as Oscar de La Renta and Julio Iglesias have residences.

Outside of the hotels, several small plazas and discotheques allow tourists to interact with local residents. Other tourist attractions have also been installed in the area, among them a waterpar), Plaza Bolera Punta Cana (a shopping mall and bowling center)and a Marina. Saona Island, located nearby, is popular for scuba diving.

The weather is fairly constant, with an average temperature of 26°C. The hottest season lasts from April to November, and during the day temperatures might reach 32°C. From December to March, temperatures during the evening are around 20°C. Very little rain falls around the area, mostly because of the flat landscape.

Source: www.buyassociation.co.uk

Popularity: 9% [?]

Cap Cana Joins Forces With Ritz-Carlton To Develop Exclusive Resort And Residential Project In Dominican Republic.

Source: PR Newswire

Luxury resort community Cap Cana, S.A. is proud to announce a two-fold partnership with global powerhouse The Ritz-Carlton Hotel Company, L.L.C., to develop a world class luxury resort, The Ritz-Carlton, Cap Cana, and a residential venture known as the Residences at The Ritz-Carlton, Cap Cana. The 220-room resort will compliment Cap Cana’s existing developments and will feature a range of luxury amenities, including a lavish 16,000 square-foot spa, a private beach club, and five restaurants and lounges. The Ritz-Carlton, Cap Cana and the 194-privately owned beachfront and golf Residences at The Ritz-Carlton, Cap Cana are scheduled to open in early 2010 and are part of a two-phase $1 billion endeavor (real estate sales and construction).

Spanning 30,000 acres of prime Caribbean waterfront, Cap Cana is ideally situated on 3.4 miles of virgin beaches, the Ritz-Carlton mixed-use property taking center stage on a stunning two-mile stretch of Juanillo beach. To capture the true beauty of the Dominican Republic’s most scenic beach, The Ritz-Carlton, Cap Cana plans to enhance all rooms with spacious balconies and ocean views, incorporating island materials and an abundance of natural light whenever possible. As an added bonus, the resort will include 8,000 square feet of meeting space (including a 5,800 square-foot ballroom), offering individuals and groups a range of choices for every occasion, from corporate meetings to destination weddings and social events.

“We are proud to welcome Ritz-Carlton, the most recognized luxury brand in the world, to the Cap Cana’s family, as both brands share the same impeccable service philosophy and core family values,” said Dr. Ricardo Hazoury, president of Cap Cana’s Board of Directors. “The Ritz-Carlton, Cap Cana represents a new paradise for the Dominican tourism industry. Together, we will develop a product that integrates the tropical style and design of Cap Cana into the beautiful natural surroundings, with the key focus on the spectacular Juanillo beach and the magnificent views of the Caribbean Sea,” he added.

J. W. Marriott Jr., chairman and chief executive officer of Marriott International, expressed “Cap Cana has envisioned a bold luxury tourism and real estate development project that promises to be one of the most exciting new destinations in the Caribbean. We are excited that our Ritz-Carlton brand will be represented at Cap Cana and are hopeful that one or more of our other hotel brands will also fit in with Cap Cana’s plans for this world class destination.”

Similarly, Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company, states that “We are extremely pleased to partner with ownership, Cap Cana, S.A., to develop a lifestyle resort and residential community in this unique tourism and real estate project, located on the eastern-most part of the Dominican Republic. With some of the finest beaches in the Caribbean, an abundance of golf courses and other recreational facilities, this project will also offer our guests and owners a collection of designer shops, gourmet restaurants, and a significant area devoted to ecological preservation. It will attract affluent and sophisticated travelers from around the world, looking for leisure or group travel destinations that are truly exceptional.”

“This is an extraordinary opportunity to adorn the paradise-like beach of Juanillo with a world class architectural project focused on excellence, that harmoniously combines sophisticated spaces and an authentic tropical ambiance,” said Alejandro Acebal, member of Cap Cana’s architectural committee.

About Cap Cana, http://www.capcana.com/

Located on the Eastern tip of the Dominican Republic, and just five minutes away from the Punta Cana International Airport, Cap Cana is called “The World’s Next Great Destination.” It is the most important tourism and real estate property in the Caribbean, with a master plan which will be developed in a span of 12-15 years and comprises an area of 35 million square meters (8,680 acres) of a total of over 120 million square meters (30,000 acres) with over three miles of white powder sand beaches. Cap Cana is a project recognized for its ambitious dimensions as a fully integrated luxury community.

At the completion of the master plan, Cap Cana will feature more that 5,000 residential units and at least four luxury hotels. Also are included six golf courses, three of them Jack Nicklaus Signature Golf Courses (the first, Punta Espada, opened in November 2006 and the second, Las Iguanas, under construction), and two of them Trump International Golf Courses; and the most state-of-the-art marina in the Caribbean, featuring over 1,000 slips for mega yachts up to 200 feet. The first phase of the marina was inaugurated in April 2007. Additional services and amenities include elegant boutiques, fine dining restaurants, world class spas, exclusive membership clubs, water sports, polo, and horseback riding facilities, to name a few.

Cap Cana is part of The Abrisa Group, one of the main economic and diverse holding companies in the Dominican Republic. For the development of the project, Cap Cana has brought together an elite and experienced team of professionals which include Nicklaus Design, Coastal Systems International, Inc., The Trump Organization, Weitz Golf International, GVA, Troon Golf, The Frontier Construction, EDSA, WATG, and Stewart Title among others.

About Ritz-Carlton Hotel Company L.L.C., http://www.ritzcarlton.com/

The Ritz-Carlton Hotel Company, L.L.C. of Chevy Chase, MD operates 66 hotels in the Americas, Europe, Asia, The Middle East, and Africa. Over 30 projects are under development around the globe with future openings including Sanya, Dublin, Beijing, Dallas and Denver. The Ritz-Carlton is the only service company to have twice earned the prestigious Malcolm Baldridge National Quality Award, which recognized outstanding customer service. For more information, contact The Ritz-Carlton toll free reservations line at 1 (800) 241-3333, visit the company web site at http://www.ritzcarlton.com/, or consult a travel professional.

CONTACT: Saraida De Marchena Kaluche of Cap Cana, +1-809-472-2525, Ext. 2238, s.demarchena@capcana.com; or Keri Toler of The Brandman Agency, +1-212-683-2442, keri@brandmanpr.com

Web site: http://www.capcana.com/ http://www.ritzcarlton.com/

Popularity: 14% [?]