Caribbean Realty Investment Group

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3/21/2007

Dominican beach town Cabarete, Ultimate Kiteboarding Destination

Perfect Wind and Waves, Exceptional Schools, Great Vibes Make Cabarete, Dominican Republic, Ultimate Kiteboarding Destination

DOMINICAN REPUBLIC, A modish, laid-back beach town located on the north coast of the Dominican Republic (DR), Cabarete has arguably some of the best kiteboarding conditions and instruction in the world. Attracting visitors from around the globe, the town boasts a host of world-class kite schools and kiteboard-themed hotels, embracing those that aspire to learn and practice the sport.

Known as the latest craze in extreme sports, kiteboarding involves a large parachute-like kite that pulls a surfboard across the water. Kite size varies with wind velocity, and when laid flat they can measure 40 to 66 feet in length. Depending on wind speeds, riders can travel up to 35 mph across waves and jump up to 30 feet in the air. Because Cabarete's "Kite Beach" features the perfect combination of wind, water and waves, it attracts avid kiteboarding enthusiasts and has developed into a unique community that encompasses reputable schools, exceptional instructors and passionate students.

"Cabarete's year-round sunshine, steady trade winds and hip environment aren't the only things that make it a fantastic kiteboarding destination," said Laurel Eastman, professional kiteboarder and owner of Laurel Eastman Kiteboarding, a school located on Kite Beach.

"The town has a special vibe as a result of its unpretentious riders who strive to support one another and learn through sharing knowledge of the sport. In my opinion, this combination of elements makes Cabarete one of the top destinations in the world for learning and practicing kiteboarding."

As a result of its ideal kiteboarding conditions, Cabarete draws several highly regarded competitions including the Kiteboarding World Cup and Master of the Ocean. Set to hit the surfer town on June 26, the Kiteboarding World Cup brings together some of the best riders in the world. Cabarete will be the fifth of 11 stops to various countries as part of the Professional Kiteboard Riders Association's (PKRA) 2007 World Tour (http://www.pkra.info).

Cabarete also hosted the 2007 Master of the Ocean competition in February. An annual event unique to Cabarete, it's a triathlon of kiteboarding, surfing and windsurfing which selects the world's best in each category as well an overall champion (http://www.masteroftheocean.com).

For additional information on Cabarete and the DR visit http://www.godominicanrepublic.com.

2/17/2007

Donald J. Trump Announces His Latest International Real Estate Development at Cap Cana, Dominican Republic

Source: PRNewswire
Publication date: February 17, 2007

NEW YORK, Feb. 16 /PRNewswire/ -- Donald J. Trump has signed a partnership agreement with Cap Cana, S.A. in the Dominican Republic to develop an enchanting luxury resort that will include a golf course, golf villas and golf lots, estate lots, a beach club, a condo hotel, and residences with ocean views that together will be called Trump at Cap Cana.
(Photo: http://www.newscom.com/cgi-bin/prnh/20070216/NYF058 )

The real estate luxury products to be developed represent an estimated value of over two billion dollars. The agreement was signed today by Cap Cana's Board of Directors President, Dr. Ricardo Hazoury and Donald J. Trump, CEO and President of The Trump Organization.

Cap Cana, one of the most important real estate and tourism destinations in the Caribbean, is blessed with extraordinary natural beauty and is ideally located adjacent to the Punta Cana International Airport, making it supremely desirable and easily accessible. With a master plan investment projected at US $1.5 billion, the first stage of Cap Cana comprises an area of 8,680 acres (of a total of more than 30,000 acres) and will take place over a span of 10- 12 years.

The first product to be developed within the partnership, "Trump Farallon Estates at Cap Cana," will include 68 estates (with at least 1.5 acres each). The estates are located within a gated community on top of the highest bluff in the area, at 200 feet above sea level, where one can enjoy spectacular views of the entire Cap Cana property and the Caribbean Sea. Home owners in the Farallon community will enjoy a special memberships to a variety of clubs and amenities within Cap Cana. Reservations for Trump Farallon Estates at Cap Cana are limited and currently being accepted on a first come, first served basis.

"I am excited to be building Trump at Cap Cana for several reasons. Not only is the Dominican Republic an exceptionally beautiful place with a wonderful history, but the allure of Cap Cana makes this a unique destination in the Caribbean," said Donald J. Trump. "This is going to be a magnificent project, and we look forward to developing thousands of spectacular acres into an elite destination that will be known worldwide in the years to come. I look forward to visiting often with my family."

"With the signing of this agreement, Cap Cana ratifies its goal to become renowned internationally as the 'World's Greatest Destination'," said Dr. Ricardo Hazoury. "By combining the Trump experience with Cap Cana's natural beauty and the talent demonstrated by our team of professionals, in addition to the stable economy of the Dominican Republic, we are confident that together we will continue to seamlessly create a new standard for tourism, real estate, and hotels for the entire region. We have no doubt this is a win- win combination and look forward to all that lies ahead."

About Cap Cana, http://www.capcana.com/ and http://www.capcana.com/farallon

Located on the Eastern tip of the Dominican Republic, Cap Cana is called "The World's Next Great Destination." It is the most important tourism and real estate project in the Caribbean, spanning more than 30,000 acres with over three miles of white powder sand beaches. Cap Cana is a project recognized for its ambitious dimensions as a fully integrated luxury community.

Web site:
http://www.trump.com/

http://www.capcana.com/

http://www.capcana.com/farallon

1/19/2007

Dominican firm to construct Network Access Point for the Caribbean

Santo Domingo, Dominican Republic - January 19, 2007 - Following rigorous evaluations and investigations by the bidding commission, the Dominican firm Contratistas Civiles Mec?cos (CCM) was selected to construct the Network Access Point (NAP) for the Caribbean at the local Cyber Park, thus allowing the country to become one of the world's most important connectivity centers.

The commission integrated by Rafael Burgos, Rafael Moscoso and Luis Gonzalez exhaustively analyzed the professional and technical qualifications of the bidding companies during more than three months, and decided to recommend CCM, which presented an attractive development plan, promising to complete the project in 300 days.

Terremark Worldwide Inc., the firm that designed and will operate the facility, gave the evaluating commission the pertinent technical advice, and indicated that the firm with the best capability to assume the necessary exigencies in constructing this project was CCM.

The Caribbean NAP consists in installing a connectivity center that can function as a linking point for numerous telecommunications circuits, and that can concentrate large amounts of data and distribute these in a secure and effective manner. This type of service facilitates a better management of digital information as well as optimal connectivity.

1/10/2007

US home prices unaffordable for many workers

Washington D.C., U.S. - January 10, 2007 - home prices may have dipped over the past year, but many American workers would still struggle to afford a median-priced home in major cities, a new study said on Wednesday.

"American workers are really not gaining ground and they're so far behind in the first place," said Barbara Lipman, research director for the nonprofit Center for Housing Policy, which conducted the study.

While the median home price in the 202 largest metropolitan areas declined 2 percent from a year ago to $248,000 in the third quarter of 2006, mortgage rates rose enough over the year that homes actually became less affordable as pay did not keep pace.

"The real story is what happened to salaries," Lipman said. "Lower-paid occupations -- such as in retail, or home health workers ? their salaries went up only about 3 percent."

The study found an annual income of nearly $85,000 was needed to afford the median-priced U.S. home.

In the New York metropolitan area, a $500,000 median-priced home required a $171,000 annual salary. The median-priced home in San Francisco, the most expensive U.S. market, was $759,000, requiring income of $260,000. In less-expensive Chicago, the median-priced home cost $254,000, requiring an $87,000 salary.

On the opposite end of the spectrum, Mansfield, Ohio, homes cost a median $85,000, requiring $29,118 in income.

The study assumed home buyers needed a 10 percent down payment and could afford to pay 28 percent of their income on mortgage payments, property taxes and home insurance.

In reality, many households expend a much higher percentage of their incomes on mortgage payments, Lipman said. To afford that, consumers cut other expenses such as for health care and transportation, she said, citing research showing unaffordable housing is the major reason families lack health insurance.

Other ways families cope with high housing expenses is to work longer hours or extra jobs, or by crowding in more income producers, she said. An October 2006 survey by the group found families who seek to buy less-expensive homes in further-out suburbs ? adding to urban sprawl ? pay so much more for transit that it eliminates the savings.

1/5/2007

Dominican Republic Investment seminar a success

Montclair, New Jersey - January 05, 2007 - Caribbean Realty Investment Group held a free investment seminar in Montclair, NJ, which turned out to be a huge success. Company representatives provided important information about the current and future potential for US citizens to make great investments in the Dominican Republic. The company plans to hold free seminars every few months.

If you're interested in learning when the next seminar will be held, contact them today.

12/22/2006

Caribbean Realty Investment Group launches NEW website

Montclair, New Jersey - December 22, 2006 - Caribbean Realty Investment Group launches a new website that allows you to search for available properties in Dominican Republic.

The property types that are available are Houses and Villas , Condos and Apartments , Lots and Land , and Vacation Rentals .

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