{"id":6,"date":"2025-07-28T21:51:28","date_gmt":"2025-07-29T01:51:28","guid":{"rendered":"https:\/\/coralia.info\/en\/?page_id=6"},"modified":"2026-03-16T12:04:43","modified_gmt":"2026-03-16T16:04:43","slug":"coralia","status":"publish","type":"page","link":"https:\/\/coralia.info\/en\/","title":{"rendered":"Coralia"},"content":{"rendered":"\t\t
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CORALIA
COMING SOON<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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To Av. Espa\u00f1a, Santo Domingo East (Costa del Faro)<\/h4><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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This project is currently undergoing an Environmental Impact Assessment to obtain the corresponding Environmental Authorization.<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t
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The Coralia project will feature a master plan encompassing a modern residential complex, an elegant urban hotel, and a cutting-edge convention center.<\/h3>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Coralia will boast an impressive residential complex with 3,318 homes, totaling over 460,600 m\u00b2 of construction. Additionally, it will offer a modern 240-room urban hotel, approximately 23,100 m\u00b2 in size, and an adjoining convention center exceeding 1,600 m\u00b2.<\/h5>
At the top of its multifunctional tower, strategically located at the front of the plot, there will be, in addition to the hotel, over 12,700 m\u00b2 designated for apart-hotel residences, totaling 132 units, and nearly 2,000 m\u00b2 of office space.<\/h5>
Furthermore, the complex will integrate a dynamic commercial boulevard with duplex units spanning 4,600 m\u00b2, and will feature ample parking with capacity for over 4,700 vehicles, representing approximately 208,000 m\u00b2 of constructed space distributed across three basement levels.<\/h5>
This ambitious complex will be developed in 4 phases, during which seven (7) imposing fifty (50)-story apartment buildings will be constructed. The total surface area will be 83,312.32 m\u00b2, with a construction area reaching 332,193.15 m\u00b2.<\/h5>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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RESIDENTIAL<\/span> COMPLEX<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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URBAN<\/span> HOTEL<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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APART-<\/span> HOTEL RESIDENCES<\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Frequently Asked Questions<\/h2>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Dominicans Abroad<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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1<\/span><\/i><\/i>What are the legal requirements for Dominicans living abroad to buy property in the Dominican Republic?<\/strong><\/div>

If you're a Dominican living overseas, you have the same rights as residents to purchase property. All you'll need is your Dominican ID card (c\u00e9dula dominicana) or a valid passport.<\/p><\/div><\/div>\n

2<\/span><\/i><\/i>What documents do I need to buy a property?<\/strong><\/div>

You'll need your Dominican ID card or a valid passport, a copy of your tax return, bank statements, a pre-approval letter for credit (if applicable), and any other documents the bank or seller might require.<\/p><\/div><\/div>\n

3<\/span><\/i><\/i>Can I get financing to buy property in the Dominican Republic while living abroad?<\/strong><\/div>

Absolutely! There are financing options available for Dominicans residing outside the country. Some banks in the Dominican Republic offer mortgages with specific requirements. You can also consider financing options through the real estate developer themselves. It's crucial to have a good credit history and financial documentation that demonstrates your ability to pay.<\/p><\/div><\/div>\n

4<\/span><\/i><\/i>Is it safe to invest in real estate in the Dominican Republic?<\/strong><\/div>

Yes, investing in real estate in the Dominican Republic is quite safe, as the real estate market is growing, especially in tourist areas. However, as with any investment, it's essential to do thorough research, work with trusted professionals, and ensure the property is legally valid.<\/p><\/div><\/div>\n

5<\/span><\/i><\/i>What should I consider when choosing a property?<\/strong><\/div>

It's important to consider the location<\/b>, size<\/b>, amenities<\/b>, property condition<\/b>, appreciation potential<\/b>, and maintenance costs<\/b>. Also, be sure to verify the legality of the property<\/b> and seek advice from a real estate professional.<\/p><\/div><\/div>\n

6<\/span><\/i><\/i>Is it necessary to travel to the Dominican Republic to buy a property?<\/strong><\/div>

While it's ideal to visit the property and handle the procedures in person, there are instances where you can complete the purchase via a power of attorney<\/b>. Even so, it's fundamental to have the help of a trusted lawyer.<\/p><\/div><\/div>\n

7<\/span><\/i><\/i>What taxes do I need to pay when buying property in the Dominican Republic?<\/strong><\/div>

When acquiring a property, you'll need to pay a transfer tax<\/b>, which is 3% of the property's value, in addition to legal closing costs. If the property has a high value, you'll also be subject to the Real Estate Property Tax (IPI)<\/b>. It's very important to stay informed about current tax laws.<\/p><\/div><\/div>\n

8<\/span><\/i><\/i>How can I manage my property if I don't live in the country?<\/strong><\/div>

You can choose to hire a property management company<\/b> that will handle everything from maintenance to rentals and other aspects of management. Another option is to grant a power of attorney<\/b> to a trusted family member or friend to represent you in managing the property.<\/p><\/div><\/div>\n<\/div><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Foreigners<\/h4>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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1<\/span><\/i><\/i>As a foreigner, can I buy property in the Dominican Republic?<\/strong><\/div>

Absolutely! Foreigners have the same rights as Dominican citizens to acquire property in the country. There are no significant restrictions.<\/p><\/div><\/div>\n

2<\/span><\/i><\/i>What documents do I need to buy a property?<\/strong><\/div>

You'll need your valid passport<\/b>. In some cases, additional information such as a tax identification number<\/b> might also be required.<\/p><\/div><\/div>\n

3<\/span><\/i><\/i>What's the process for buying a property?<\/strong><\/div>

The process typically includes:<\/p>