Sackman Enterprises, Inc. Announce Development Plans for Cabarete

Cabarete, the sun-soaked beach town in the Dominican Republic, has been on the radar of those in-the-know for years. Now, Sackman, Enterprises, Inc. is set to bring this jewel to a wider market.

Miami, August 15, 2008– Cabarete, the sun-soaked beach town in the Dominican Republic, has been on the radar of those in-the-know for years. Now, Sackman, Enterprises, Inc. is set to bring this jewel to a wider market. Conveniently located only 20 minutes from the Puerto Plata International Airport, Cabarete on the northern coast has become the ultimate destination for trend setters, adventure seekers, and those looking for a blissful escape from the everyday. With more than 40 years in the real estate market and an earned reputation of quality in business and development, there is no better or more prepared company to create the first spectacular development in the area than Sackman Enterprises, Inc.

Sackman Enterprises, Inc. began its business by focusing on the restoration of historic brownstones in Manhattan and has continued to thrive by rehabilitating historic buildings and incorporating traditional “Old World” features into new construction properties. Possessing a portfolio of over 80 developments spanning the globe, the company has created truly stunning and unique properties such as Somerset in Turks and Caicos (www.thesomerset.com) and The Lodge at Keyah Grande (www.keyahgrande.com). With an attention for detail and a high-regard and respect for the traditions, culture, and preservation of the area, Sackman Enterprises, Inc. is poised to bring The Fountains, a magnificent condominium, retail plaza, and resort community to Cabarete.
Sackman Enterprises, Inc. recently held a meeting in Manhattan to showcase some of the real estate developments in their impressive portfolio and discuss this grand project. In a showing of support and interest, the Minister of Tourism from the Dominican Republic and the Governor of the Province of Puerto Plata personally flew up to Manhattan to meet with top Sackman executives, Carter Sackman and Jamie Hefelfinger, as well as Sackman Development Partner, Trip Brooks. The esteemed attendees discussed the project and all of the positive impacts that it will have on the area.
The Fountains will be the realization of over sixteen months of planning and research and a future investment exceeding sixty million dollars (USD $60,000,000.00). Development Partner Trip Brooks states, “With the current administration including President Leonel Fernandez, Minister of Tourism Felix Jiménez, Provincial Governor Cesar de Los Santos, and the Sub Secretary of Tourism Bernardita de Fenke, the government has created a stable atmosphere and positive market in which to develop such a project. We have unwavering confidence in the country’s administration. Their show of support and the efforts they took to visit us in New York to ensure that the project and its developers are sound speaks volumes about their care and concern for the area. The Fountains will truly be a result of love for the area and an unmatched expertise in the development of real estate.”

Expected to break ground Mid-September 2008, The Fountains will feature one, two, and three bedroom units, all with indulgent spa bathrooms, 24-hour concierge service, and a modern chef’s kitchen. The Fountains will house a sprawling “Plaza Level” featuring retail shops, a cinema, open air kiosks, sitting areas, exciting water features, and a state of the art stage for outdoor concerts and other entertainment and social events. When fully constructed, the mixed use project will include an approximately 500 space sublevel parking facility, a Condo Hotel, featuring deluxe guest rooms and suites, lobby bar, rooftop terrace and bar, restaurant, a stunning infinity pool and numerous hot tubs with mountain and ocean views.

Source: www.bignews.biz

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It’s the most visited island in the Caribbean, and now property investors have the chance to benefit from the Dominican Republic’s popularity with a new project on the east of the island, located in the Punta Cana region, currently the most popular and well-served tourist area in the country.

The development, which is called Swaying Palms, offers spacious two bedroom apartments from as little as 140,000 US dollars, and 210m² penthouses priced at 197,000 US dollars. Combined with an excellent location, the units at Swaying Palms offer the best property investment package available anywhere in the Caribbean, according to Mark Wilson from the International Property Investment Network (IPIN) – the investment arm of Propertyshowrooms.com.

“The location is second to none,” says Mark. “Just two minutes from a new modern highway, three kilometres to the beach, and 15 minutes drive to an international airport with easy connections to the United States and Europe. There are even ongoing discussions for direct flights to and from the United Arab Emirates and China. It’s no surprise then that this area is set to become the island’s prime residential location. In terms of investment, it doesn’t get much better than this.”

For sports enthusiasts there are nearby golf courses and a tennis club. Additionally, owners receive free membership to selected sports and leisure clubs. Other facilities include community swimming pools, 24-hour security, WiFi access, designated off-street parking, and an on-site rental management service.

Mark Wilson again: “This development offers sound rental potential within one of the largest Caribbean holiday destinations, with an estimated 7% rental yield per annum. The twelve month holiday season in the Dominican Republic allows for the highest possible returns in this respect, making it particularly attractive for investors.”

The Dominican Republic is a stable representative democracy, modelled on a US-style presidential system. That stability has led to considerable economic growth, combined with low taxation, low prices, and increased tourism. With that kind of backdrop in place, property investment in the Dominican Republic represents an excellent opportunity to make the most of an unrivalled list of favourable economic indicators.

And Swaying Palms, in conjunction with IPIN, is setting a benchmark in the region which will be hard to beat - truly ‘the cream of the Caribbean.’

Source: www.easier.com

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Property outlook is great and real estate tourism is booming in the Dominican Republic, says the forecast from the Dominican Association of Real Estate Tourism Companies (ADETI).

U.S. $1.5 billion is invested in real estate property developments in Dominican Republic, says the ADETI President, Juan Bancalari. The real estate tourism prospective is even more upbeat considering the fact that it is expected to attract US$3.0 billion per year within three years.

Marinas, beaches and golf courses are the leading factors that make  real estate tourism and investment in the Dominican Republic so attractive. However, the country has competitors such as the wonderful beaches of Mexico and Central America. For this reason Bancalari, the president of Dominican Association of Real Estate Tourism Companies, says that the country needs to project an image of security for real estate and other types of investments to develop tourism and properties for European and American holiday vacationers.

It seems that the projection of a secure investment environment is working. As real estate development is experiencing a slump in Florida, a local engineering company is looking not only outside of the box, but also outside of the U.S. borders. “Bonita Springs-based Stafford Engineering will open the doors of a new office in downtown Santo Domingo, the capital of the Dominican Republic, on Tuesday and begin offering architectural, engineering, real estate, construction management and business relocation services in the Caribbean Island country.” – reports Naplesnews.com in its July 31, 2007 issue.

The newspaper says that “Other Southwest Florida businesses also are moving into Caribbean markets, Garcia added: Cape Coral-based Bellagio Homes and SJR Development are developing a residential community in the Dominican Republic, and The Jack Parker Corp., a Fort Myers-based real estate development company, is building a mixed-use community in Costa Rica.”

There is a change in tourism and holiday vacationers’ trends. According to Frank Rainieri, the vice president of ADETI, tourism is changing toward real estate tourism. “Before hotels were simply pure hotels. All the large chains of the world (…) are already entering the tourism real estate component. I believe that that already creates the new dynamics of investment in the tourism sector.” - Dominicantoday.com.

Tourism, and particularly real estate property tourism, has been among the top five currency generating factors for Dominican Republic. It was this type of tourism that created the boom in the coastal areas of Southern Spain in 1970s and 1980s, which used to be Spain’s most economically depressed areas. Today, due to the real estate tourism and boom in properties, these have become some of Spain’s most developed and attractive areas. The Dominican Republic intends to do just the same by attracting more real estate tourism and emphasising  that investing in the Dominican Republic’s real estate and property market is safe and secure.

Source: http://www.westindies-realestate.com

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For those on the lookout for unbeatable real estate investments, Dominican Republic real estate is a dream come true. From beachfront Cabrera vacation villas to plush Playa Grande real estate and vacation rentals, Dominican Republic real estate offers a range of options to clients who are looking to live in a Caribbean paradise.

Dominican Republic real estate is a reflection of the country’s unique culture. Varied in location, size and style, there are properties in the Dominican Republic to suit every buyer’s need. The country’s extensive shorelines make waterfront homes widely available. Most properties for sale in the Dominican Republic are located on the northern, eastern and southeastern coasts, many within quiet resort and golf communities where owners have access to full amenities. The country is also easy to reach, with several major airports connected to North American hubs.

Right now Dominican Republic real estate is very affordable. The housing market is only now beginning to see a rise in prices and those increases have been very moderate. As the expected rise in tourism begins, the Dominican Republic property market will definitely see the prices go up. With investors beginning to uncover the latent potential of this tropical island the Dominican Republic real estate market is sure to benefit. Before long this beautiful but by-passed island will have major resort developments, luxury villas and commercial projects dotting its shoreline and inexpensive holiday home purchases will be a thing of the past.

The Dominican Republic is a small and beautiful Caribbean island made popular with the continuous influx of tourists, high quality, and affordable resorts dotting the many palm-tree lined golden beaches. As compared to many other Caribbean destinations today, The Dominican Republic real estate market still offers best-priced properties at excellent water front locations. Though the island is yet to gain a growing economy status, it remains a much desirable holiday destination just like the other islands of the Caribbean. Tourism is the main stay of The Dominican Republic while the number of tourists is growing at an unprecedented rate.

It is extremely informative for anyone interested in getting a general sense of the the Dominican culture and the country. His website, newsletters and book have been very informative and remember that there is plenty of money to be made in the Republic and you can have a super life while at it.

You will see that the Dominican Republic offers you an incredible variety of villas, apartments and fincas that will meet all tastes and budgets. Step inside this distinct Caribbean territory where you’ll finally feel at ease, and decide upon one of the Dominican real estate listings.

With its variety of real estate, the Dominican Republic is a unique place that combines two extremes: the height and depth, the mountain, and the sea, the simplicity and the luxury. Yet, the true charm and beauty of the Dominican Republiclies in the very center of the country dominated by the Cordillera Central which ends in the Caribbean Sea.

Dominican Republic Punta Cana Bavaro is one of the last remaining real estate investment tax havens left in the Caribbean with a low cost of living. Popular for its all-inclusive resort vacation packages, Punta Cana, the Dominican is one of the fastest growing foreign investment locations in the world. It is called Bavaro Beach by many and any real estate purchased in this part of the Dominican Republic will only increase in value.

Source: www.articles.top501.nu

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