Marina Garden 2 — 256 M² Three Bedroom Residence, Cap Cana Marina, Punta Cana

Location: Marina Garden 2 stands in the marina district of Cap Cana, at the eastern end of the Dominican Republic, in the province of La Altagracia. The points the developer names around the property are the Punta Espada Golf Course, which holds two golf courses, the Los Establos equestrian centre, Playa Juanillo and the API Beach Club.

The residence:
- Unit code: B45
- Interior surface: 256 m²
- Bedrooms: 3, with 3.5 bathrooms
- Terrace: 149 m²
- Two parking spaces
- Fourth level
- Price: US$825,000, or US$3,223 per square metre
- Part of a closed scheme of 84 residences: 63 apartments and 21 penthouses, so one residence in four is a penthouse
- The developer’s price table sets out the three-bedroom product in two configurations, one of them with an additional family room
- Condominium regime, with an annual HOA charge budgeted for each residence

Availability snapshot:
- 18 residences available in the scheme
- US$445,000 - Deluxe Condo, 2 bedrooms, the entry price of the scheme
- US$505,000 - 2 bedrooms plus family room
- US$730,000 - penthouse, 3 bedrooms
- US$795,000 - penthouse, 3 bedrooms plus family room
- US$825,000 - this residence, B45, 256 m², 3 bedrooms
- 84 residences in total when the scheme is complete, 21 of them penthouses
- The prices above are the developer’s, set out in their table as an estimate for each type

Investment snapshot — every figure in this block is the developer’s, taken from the rental projection published for the scheme:
- Occupancy assumed: 65% of the year, the same assumption applied to all four types
- Average daily rate: US$360 for the three-bedroom penthouse and US$450 for the three-bedroom with family room; US$240 and US$275 for the two-bedroom types
- Gross annual rent: US$85,410 for the three-bedroom penthouse, US$106,762.50 for the three-bedroom with family room
- Gross return: 9% and 10% respectively, calculated by the developer on their prices for those two types
- Management share: 25% of the gross rent, which is US$21,352.50 and US$26,690.63 a year
- Variable maintenance: US$1,080 and US$1,200 a year
- Fixed annual costs: US$8,890 and US$9,700, built from HOA at US$3,900 and US$4,680, energy at US$200 a month, internet and cable at US$100 a month, water and gas at US$1,200, and insurance at US$190 and US$220
- Net income published by the developer: US$54,087.50 and US$69,171.88 a year, stated as 7.4% and 8.7% net
- HOA across the scheme runs from US$2,880 a year for the two-bedroom condo to US$4,680 for the three-bedroom penthouse with family room
- For reference, the entry two-bedroom is projected at US$56,940 of gross rent, 9% gross and 7.6% net
- The developer records that the projection is an estimate built on projections and historical data, and that it is not legally binding
- These are the developer’s estimates, not a guarantee; results vary by unit and by market

Payment and delivery:
- Reservation: US$5,000
- At contract or promise of sale: payment brought up to 25% of the price
- During construction: 55% of the price
- On delivery: 20% of the price
- Construction start declared by the developer: March 2023, as an estimate
- Delivery declared by the developer: October 2024
- Currencies accepted: US dollars and euros

Buying in the Dominican Republic — for international buyers:
- Foreign buyers own freehold, with the same rights as Dominican nationals
- Title is held under the Torrens registry: a Certificado de Título recorded in the buyer’s own name
- The purchase can be completed remotely under a power of attorney, apostilled or granted before a Dominican consulate
- Pricing is in US dollars, with euro payment accepted on this scheme, and there is no restriction on repatriating rental income or the proceeds of a resale
- A property purchase can support an application for Dominican residency
- Punta Cana International Airport serves Cap Cana, with direct flights from Europe and North America

Offered by Suisse Immobilien Group: a Swiss group that follows a property from the first selection through to closing, with its own people on the ground in the Dominican Republic. We work in English, Spanish, Italian, French and German, and we deal with the developer, the notary and the registry on the buyer’s behalf. Ask us for the current availability list, the floor plan of B45 and the developer’s rental study.