Report

The purpose of this report is to expose the real estate market, its evolution in a given period, both in square meters, in investment as well as the evolution by building type and destination. Also expose the market values.

The purpose of this processed information is to be able to establish market parameters in reference to the project CALLED ‘Terrazas de Juan Dolio’, which consists of its following structure =

The project consists of the development of an 18-story tower that will house 294 housing units, with 37,360.18 square meters of marketable construction. The general area of ​​planned construction is 50,473.61 approximate square meters.

This project includes, in addition to the apartments, a set of works exterior and complementary, which includes restaurants, gym and spa, cigar club, a large pool with side pools, roof top, mini laundry market, pharmacy, among others. For the realization of this project, as has indicated, there are 21,748.50 square meters of land with wide facing the sea.

It is organized under the “Condo-hotel” scheme, which is a modality of real estate business in which a property subject to the regime of condominium property, it is possible to acquire housing units that have the infrastructure, equipment and services of a high level tourist accommodation.

Database

With our geospatial database we will carry out a market study which will have the purpose of making a comparison of the current real estate market versus the value of the apartments of the ‘Terrazas de Juan Dolio’ project, as well as an estimated tourist profitability in an ideal environment, this in order to determine the positioning of the project in the current market.

Terrazas de Juan Dolio

Points of Geographic Interest close to Terrazas de Juan Dolio

Construction and Investment in the Private Sector

Built meters

Investment

Location

Arrivals by Airport Year 2021

Arrivals by Airport Year 2022

Effective occupation per week Year 2021 Country

Effective occupation per week 2022 Country

Tourist occupation by month period 2022, Boca Chica and Juan Dolio

Market Comparison

Conclusion

Within the Terrazas de Juan Dolio project we find the following differences with respect to the values ​​proposed for sale by the company, showing the average sale value, the maximum and the minimum in the case of one-bedroom apartments =

-About the average sale of 1-bedroom apartments, we find that the project is 24.60% below the market average.

-About the maximum sales of 1-bedroom apartments, we find that the project is 22.00% below the market average.

-About the minimum sales of 1-bedroom apartments, we find that the project is 25.88% below the market average.

For this reason, it is established that the project has an excellent competitiveness in market values ​​in reference to one-bedroom apartments, positioning it 24.15% average below the market, which favors access to buyers from a more profitable option and cheap

Market Comparison

Conclusion

Within the Terrazas de Juan Dolio project we find the following differences with respect to the values ​​proposed for sale by the company, showing the average sale value, the maximum and the minimum in the case of one-bedroom apartments =

-About the average sale of 2-bedroom apartments, we find that the project is 5.72% below the market average.

-About the maximum sales of 2-bedroom apartments, we find that the project is 2.40% below the market average.

-About the minimum sales of 2-bedroom apartments, we find that the project is 7.32% below the market average.

For this reason, it is established that the project has a normal competitiveness in market values ​​in reference to two-bedroom apartments, positioning it 5.16% average below the market, this does not allow differentiated margins to the market as is the case of one-bedroom apartments, however, it positions it in a normal market with a few points below the average, which allows it to have a plus in the market

Market Comparison

Conclusion

Within the Terrazas de Juan Dolio project we find the following differences with respect to the values ​​proposed for sale by the company, showing the average sale value, the maximum and the minimum in the case of one-bedroom apartments =

-About the average sale of 3-bedroom apartments, we find that the project is 15.86% below the market average.

-About the maximum sales of 3-bedroom apartments, we find that the project is 12.94% below the market average.

-About the minimum sales of 3-bedroom apartments, we find that the project is 17.30% below the market average.

For this reason, it is established that the project has a very good competitiveness in market values ​​in reference to three-bedroom apartments, positioning it 15.37% average below the market, which favors access to buyers from one more option profitable and economic

Rental Rate 1 Bedroom

Scenario and Results

Scenery

A hypothetical case is proposed where the annual tourist occupancy is 100%, the income rate shown is a gross income, that is, without considering maintenance expenses, common expenses, taxes and any other tax that falls on the property under study. On the sale value of the apartments in the project, the minimum, average and maximum values ​​were extracted based on these three values, the gross rent was estimated.

Note = Keep in mind that the income may vary depending on the tourist demand and intrinsic and extrinsic factors, as mentioned above, the income rate shown is elaborated on an ideal environment and situation.

Rent Rate 2 Bedrooms

Scenario and Results

Scenery

A hypothetical case is proposed where the annual tourist occupancy is 100%, the income rate shown is a gross income, that is, without considering maintenance expenses, common expenses, taxes and any other tax that falls on the property under study. On the sale value of the apartments in the project, the minimum, average and maximum values ​​were extracted based on these three values, the gross rent was estimated.

Note = Keep in mind that the income may vary depending on the tourist demand and intrinsic and extrinsic factors, as mentioned above, the income rate shown is elaborated on an ideal environment and situation.

Rental Rate 3 Bedrooms

Scenario and Results

Scenery

A hypothetical case is proposed where the annual tourist occupancy is 100%, the income rate shown is a gross income, that is, without considering maintenance expenses, common expenses, taxes and any other tax that falls on the property under study. On the sale value of the apartments in the project, the minimum, average and maximum values ​​were extracted based on these three values, the gross rent was estimated.

Note = Keep in mind that the income may vary depending on the tourist demand and intrinsic and extrinsic factors, as mentioned above, the income rate shown is elaborated on an ideal environment and situation.

Simulation of the project by Rei_Data

Conclusion

At REIDATA, we carry out a simulation of the project, that is, the cost of producing this same project, taking the following elements and contemplating the costs to date =

• Land value.

• Construction cost.

• Commertial expenses.

• Taxes/Permits.

• Marketing.

• Costs/Indirect/Architecture.

• Contingency.

You can view each of these valued points in the spreadsheet on this page.

After requesting the sale value by the company, we proceeded to calculate based on them the total amount collected at the end of the sales of the units, with this base and our simulation we were able to extract the following indicators =

• Cost per meter2 Net of simulation = 1497.06 Dollars.

• Average Value over the meter2 of Unit Sales = 1955.11 Dollars.

• Profitability per square meter over the average sale = 30.60%.

• Profitability per square meter over the average sale = 418.91 Dollars.

• Total cost of the project according to simulation = 56,728,970.65 Dollars.

• Total per sale according to information provided = 77,995,886.00 Dollars.

• Expected profitability per sale based on simulation = 37.49%.

• Expected profitability for sale based on simulation = 19,707,473.15 Dollars.

Conclusion = The values obtained on the returns based on the simulation are POSITIVE, however, it can be increased, if we observe in the market comparison in the 1-bedroom and 3-bedroom apartments, the company has margins to increase the sale values and to be able to continue positioning in the market with a very competitive position, also although the estimated profitability in the tourist rental according to our simulation would drop in the case of applying an increase in the sale values, these would continue to be an interesting profitability for the buyer.

Approved Rei_Data

Main Investing Countries

Its location in the very center of the Caribbean.

The Dominican Republic is the country with the highest growth and the fifth country with the lowest accumulated inflation in Latin America and the Caribbean.

It has a government that favors Foreign Investment.

They combine a diversity of attractive natural resources, such as its beautiful beaches, fertile soils, warm climate and mineral deposits.