Your True Guide To Investing In Dominica Real Estate

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Are you interested in Dominica island’s real estate for sale? Looking to invest in property on this beautiful Caribbean island?

This guide covers Dominica’s real estate market, and the process of purchasing property. Whether you are looking for a villa or to invest in a luxury hotel in Dominica, this island has plenty of attractive options for property seekers.

Why buy property in Dominica:

10 reasons to buy property in Dominica

Property prices are lower than many other Caribbean islands
Get the Dominica passport for you and your family after buying property
Beautiful untouched island in the Caribbean
Proximity with the US
Sustainable island
Low cost of living
Incredible weather
Relaxed pace of life
Get the Dominica passport in 3 to 4 months
No wealth, gift, inheritance, property or capital gains taxes

Where to buy property in Dominica?

If you are thinking about buying property in Dominica you have two options: buy a property by itself or under the Dominica Citizenship by Investment Program. To qualify for Dominica citizenship by investment real estate, you must purchase authorized property worth at least $200,000. You are obligated to hold this property for three years from the date your citizenship is granted, and you will only be able to re-sell the real estate under the Citizenship by Investment program after five years.

There are many real estate properties approved by the government, offering you options such as villas, hotels, luxury resorts, eco-lodges and condos. Some of the most popular real estate locations are Portsmouth, Soufriere, Salisbury and around the capital Roseau.

How Global Citizen Solutions can help?

If you are looking for expert advice on buying property in Dominica, talk to one of our specialists here at Global Citizen Solutions.

We offer a service tailored to your specific needs and requirements. Our team of experts will work diligently from start to finish, ensuring a successful application.

Professionalism and integrity are at the core of all we do.

Dominica Real Estate market history and overview

Dominica has been preserved from mass-tourism which is why the real estate market is mostly composed of family villas and beautiful hotels amongst the lush rainforests. Dominica’s real estate beachfront is not massively developed which is why you will be able to buy land at lower prices than the rest of the Caribbean islands.

If you are interested in acquiring property in Dominica, you can either get a property by itself or through Dominica’s Citizenship Program – which is a popular option if you are looking to get a second passport.

Government authorized property projects offer different options such as buying shares in hotels and luxury resorts, giving you the incredible opportunity to own great rental return schemes, without having to bother with property management. You can also buy your own Dominica luxury real estate property and enjoy your own magnificent villas.

What are property prices like in Dominica?

Property prices in Dominica vary according to the location. In order to qualify for the Dominica passport under the real estate option of its Citizenship by Investment program, you must purchase authorized property of at least $200,000. You are of course able to buy properties at higher prices. However, property prices in Dominica are significantly lower than in most of the other Caribbean islands due to the island preservation from mass tourism.

Property specialists

Finding a property in Dominica can be a complicated process, and it is important to be aware of all the processes that may apply to your specific circumstances.

Our team of specialists at Global Citizen Solutions have almost a decade of experience when it comes to Citizenship by Investment in Dominica. Click here to get in touch and start building your personalized investment plan.

Step-by-step guide on how to buy property in Dominica

Requirements

In order to buy property in Dominica you will have to follow specific steps. Here is what you will need to do:

Look for properties through an authorized real estate agent, or by yourself and find the one that interest you.
When the choice comes to hire a lawyer and have them draft a Purchase and Sale contract, you’ll normally have to pay a 10% deposit for the property to be secured under your name.
Get a surveyor to conduct the valuation and prepare documents for the title transfer – if titles can’t be transferred your deposit will be refunded.
Once approved, documents will be submitted by the lawyer to the Land Registry to register you as a new owner.

Dominica real estate transaction costs

Here are the fees that you will need to pay for the Dominica real estate transaction:

Legal fees: 3% (15% VAT might apply)
Judicial fees: 4%
Assurance Fund Fee: 1%
Stamp Duty: 4%
Valuation fees

Is it worth getting property in Dominica?

Famous for its beauty, relaxed lifestyle and low cost of living, Dominica is certainly a place to consider if you are looking to invest in the Caribbean. Dominica island real estate is relatively cheaper than the rest of the Caribbean islands due to its preservation from mass tourism.

Purchasing property for sale in Dominica is a very good investment. Not only will you be able to provide for a viable and long-term investment for you and your family, but if you choose to make the real estate investment under the Citizenship by Investment scheme, you and your family will be granted Dominica passports. Increase your global mobility and travel to more than 130 visa-free countries while enjoying a tropical paradise.

Frequently Asked Questions about Dominica real estate

Can I buy a property in Dominica?

Yes, thanks to Dominica’s citizenship by Investment Program you can buy property for sale in Dominica.

How can I get Dominica citizenship?

You can get the Dominica passport through the Dominica Citizenship by Investment Program. Investments can be made through a donation to the Economic Diversity Fund (EDF) or by purchasing Dominica real estate property.

What are Dominica real estate property options?

Dominica real estate property options are various. You can find villas, apartments, hotels, luxury resorts for sale at diverse prices.

Do I need a lawyer when buying Caribbean land and property in Dominica?

Yes, you will need to hire a lawyer to purchase property in Dominica.

What are the best places to buy property for sale in Dominica?

Some of the best places to buy property in Dominica are Portsmouth, Soufriere, Salisbury and around the capital Roseau.

Is Dominica Citizenship by Investment’s real estate expensive?

In order to obtain the Dominica passport through the Dominica Citizenship by Investment scheme you will need to purchase authorized property worth at least $200,000. Due to its preservation from mass tourism, Dominica real estate is one of the cheapest of the Caribbean.

The complete guide to Dominica real estate