IFC, a member of the World Bank Group, will provide $20 million to Corporación Aeroportuaria del Este, SA to expand the Punta Cana International Airport and support the Dominican Republic’s tourism sector.
CAE, which owns and operates the airport, will build a new runway and taxiway suitable for larger aircraft and expand the passenger terminal. The expansion will enable increased passenger capacity, improve services, and diversify destination markets. It also will benefit the local economy by supporting tourism, a key source of foreign exchange and fiscal revenues. Read the rest of this entry »
TAMPA – Hard Rock International, owned by the Seminole Tribe of Florida, and Palace Resorts, with resort holdings in the Caribbean, will rebrand the Moon Palace Golf Resort & Spa in the Dominican Republic as the Hard Rock Hotel & Casino Punta Cana by spring 2010.
Terms of the deal involving the 121-acre property, which includes an 1,800-room hotel, were not revealed.
Hard Rock Hotel & Casino Punta Cana will offer more than 48,000 square feet of gaming space, with a high-limit poker room, a VIP lounge, and a race and sports book, along with 457 slot machines and 40 tables. Games will include baccarat, blackjack, craps and roulette.
The Seminole Tribe acquired the Hard Rock brand in 2007 with plans for international expansion of Hard Rock properties. The tribe also owns the Seminole Hard Rock Hotel & Casino in Tampa.
By TED JACKOVICSÂ | The Tampa Tribune
Parish of Jesus the Master
This beautiful Catholic Church is new to the Parish of Cortecito in the area of Bavaro/Punta Cana.
The Church is not completed yet-donations are sorely needed. Masses are held currently in grass hut where the faithful gather every week to praise our Lord, Jesus Christ. Come see for yourself the beauty of the surroundings and feel God’s presence among the congregation. People from different countries of the world gather here to hear the word of God. Come experience it at least once for yourself-whether you are here on a short vacation, an extended vacation or live here part-time or full time.
The residing priest is Father Jose Eusebio. He can be contacted on his cell phone; 809-710-2635. The deacon is Francisco Tavarez: ing.tavarez32@gmail.com. His cell number is 809-962-5559.
Mass times: Wednesdays at 7:00 PM (19.00hours)
Sundays at 10:100 AM
Father Eusebio also conducts the following services at these locations:
Saturdays and Sundays at 6 PM (18.00 hours) -Mass Virgin Chapel in Barceló hotel.
Wednesdays at 5:30 PM (17.50 hours) Hoyo de Friusa
Thursdays at 4:00 PM (16.00 hours) Cabeza de Toro.
Please come help our parish grow!
Parroquia de Jesús Maestro
Esta hermosa iglesia católica es nueva en la Parroquia de Cortecito, en la zona de Bavaro / Punta Cana.
La Iglesia aún no ha concluido las donaciones que son muy necesarias. Las Misas se celebran actualmente en la choza de paja donde los fieles se reúnen cada semana para alabar a nuestro Señor, Jesucristo. Venga a ver por si mismo la belleza de los alrededores y a sentir la presencia de Dios entre la congregación. Personas de diferentes paÃses del mundo se reúnen aquà para escuchar la palabra de Dios. Venga a disfrutar al menos una vez de esta Iglesia si usted está aquà en unas vacaciones cortas, unas largas vacaciones o si vive aquà en tiempo parcial o tiempo completo.
El sacerdote residente es el padre José Eusebio. Él puede ser contactado en su teléfono celular, 809-710-2635. El diácono es Francisco Tavárez: ing.tavarez32 @ gmail.com. Su número de celular es 809-962-5559.
Bavaro - Punta Cana Beach
Why has Bavaro – Punta Cana grown more popular for long term rentals?
Bavaro – Punta Cana being Dominican Republic’s number 1 tourist destinations has settled into one of the top long term rental destinations. More and more long term residents of Dominican Republic and abroad are finding better living standards in Bavaro – Punta Cana areas as opposed to other antiquated areas of DR. Read the rest of this entry »
July 30th, 2009 in
Real Estate Rentals | tags:
Bavaro Apartment for rent,
Bavaro Apartments,
Bavaro Long term rentals,
Bavaro Rentals,
living in Bavaro,
living in Punta Cana,
Punta Cana Apartent,
Punta Cana Apartment for rent,
Punta Cana Condo,
Punta Cana condo for rent,
Punta Cana Rentals,
Punta Cana vacation Rental,
Puntal Cana long term rentals |
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Following the subprime mortgage crisis, homeowners are still wondering which property to invest in. Prospective homeowners are still confusing. This is because the parameters that are taken into account before you can settle for a house have become highly unpredictable. However, if you are wondering “how much house can I afford“, you can talk to a real estate broker who can guide you in the same. Read the rest of this entry »
Reasons for having a second home in Dominican Republic
Most individuals that purchase a second home is usually for either the investment or for a getaway/retirement purposes or both. This article will discuss some benefits of owning a second home here in the Dominican Republic for the getaway and retirement crowd.
Many that choose to purchase real estate in the Dominican Republic do so because the prices of property are dramatically cheaper than comparable property in most all other Caribbean countries.
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If you are wanting to buy Dominican Republic Real Estate for Resale follow these tips to find property with good resale value.
A good rule to follow is the location. Location is usually the most desirable factor but the property may not retain the same status forever.
1. What areas are in demand and how long have they been in demand?
2. Are other areas in that town increasing the status of hot areas?
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Essential tips for purchasing property for rental in the Dominican Republic
- Repossessions, ugly homes, and distress homes are useful for buying property. Lease purchases can be extremely useful which can help you to leverage investment money and reach a positive cash flow from renting. Buying fixer upper homes or repossessions can help to reduce investment money and improve your cash flow and appreciation.
- One can’t count on a large cash flow from property with one tenant. In this scenario , the goal is to cover the mortgage and current expenses.
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January 9th, 2009 in
Buying Advice | tags:
apartment investments,
Buying advice dominican republic,
buying rental property,
Commercial properties investments,
distress homes,
purchasing property for rental in the Dominican Republic,
Purchasing Dominican Rental property,
Purchasing Rental property,
vacation home,
vacation rental |
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Buying real estate in the Dominican Republic is an excellent alternative investment for those interested in owning a piece of paradise.
Before beginning the search for buying Real Estate in the Dominican Republic, it is best to do your homework and follow the simple rules below.
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