GOLDEN AGE: why foreign retirees are flocking to the Dominican Republic

Since the COVID-19 pandemic, the Dominican Republic has experienced a steady increase in the number of visitors, reaching more than 11 million in the last year. This increase represents 32% more than in 2022 and a notable 48% compared to 2019.

Punta Cana International Airport was the main point of entry, receiving almost 5 million tourists in 2024 — equivalent to 59% of visitors who arrived in the country by air. Projections indicate that this figure could increase by 8% in 2025.

Precisely for this reason, Larimar City & Resort is located 15 minutes from the airport via the new access road from the Boulevard Turístico de la Otra Banda — which will be completed before the delivery of the first phase.

This tourism growth has driven, among other sectors, the real estate market — which has been booming since COVID-19, both for permanent residences and for vacation rentals.

Can you imagine waking up every day with a panoramic view of the Caribbean, enjoying the perfect climate, with all the amenities at your reach? That's exactly what awaits you at Larimar City & Resort, the ideal destination for those seeking a secure investment and an unmatched quality of life.

Evolution and reach

According to Properstar

According to Properstar data, from December 2020 to January 2025, the average price per square meter in apartments has appreciated by almost 30%, reaching US$2,145 per square meter. In the case of villas and detached homes, appreciation has been close to 20%, standing at US$1,635 per square meter. This means that investing now in Larimar City & Resort isn't just securing your future — it's also multiplying the value of your investment in the short and medium term.

Among the reasons for this boom in the Caribbean island are the climate, legal protection, laws that favor foreign investment, and a phenomenon I'll address: pensioners — or as they're now called, the GOLDEN AGE.

Demographic problems, such as the inverted population pyramids in many countries, have made the Dominican Republic a preferred destination for this population group. The key factors that attract American and Canadian retirees are the favorable climate, a lower cost of living, easy access to residency, and geographic proximity. The average U.S. pension is $1,976, which makes it difficult to maintain the same lifestyle they had during their active life.

For this reason, the Dominican government, in its policy of attracting foreign capital, facilitates residency (RESIDENCY AS RENTIER) for all foreigners who can demonstrate monthly income of $2,000, or (PERMANENT RESIDENCY AS INVESTOR) for all foreigners who make investments of a minimum amount of $200,000, or (RESIDENCY BY INVESTMENT AS RETIREE OR PENSIONER) for all foreigners who demonstrate a pension of a minimum amount of $1,500 per month or its equivalent in Dominican pesos.

United States positions

Let's now focus on two countries to understand this phenomenon.

The United States, with a population of 341,513,900 inhabitants, is expected to see 25,852,570 people turn 65 from 2025 to 2030 — or, equivalently, more than 14,000 Americans turning 65 each day. The year 2024 marked the beginning of the "Peak 65 Zone," the largest increase of retirement-age Americans turning 65 in the history of the United States.

Canada, with a population of 41,528,680 inhabitants, is expected to see 2,800,000 Canadians turn 65 from 2025 to 2030 — or, equivalently, more than 1,500 Canadians turning 65 each day.

These numbers suggest that the risk of a real estate bubble is reduced, since there's external demand with higher purchasing power, while supply adapts to the needs of foreigners. Therefore, real estate market prices will continue on an upward trend.

This means that 28.6 million people will be looking for their next home in the next five years. Why not get ahead and secure your property now?

This is the perfect moment to be part of Larimar City & Resort. A place where your dreams rest beside you.

Invest now and secure your future in paradise.

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By Luis Velázquez Moreno

Account Executive

Larimar City & Resort