Buying Property in Aruba!
Aruba, home to the most beautiful beach in the Caribbean and the second-best beach in the world is not only the perfect destination for a peaceful vacation. The island has also become a place where you will want to buy a property that will allow you to visit anytime, retire, or even relocate overseas.
In this article, we will discuss the steps involved when investing in Aruba, from choosing a suitable investment and assessing your budget to navigating through legal requirements and learning about all the advantages of being a homeowner on the island.
Step-by-Step Guide on How to Buy
Property in Aruba
Whether you are looking for a new investment opportunity or just want a holiday home that allows you to escape from the hustle and bustle of life, buying a property in Aruba is the right choice. With that said, we know that purchasing a house can be demoralizing, especially when buying in a foreign country.
Luckily, investing in Aruba’s real estate is relatively easy and especially recommended for foreigners. Due to the island’s unrestricted property rights for non-native buyers and well-established real estate market, you will find various developments.
What Do I Need to Buy Property?
We have broken it down into five simple steps:
until you’ve found your ideal home.
Is it a good investment?
both parties have agreed on the sale conditions.
to sign the deed and submit your final payment.
Pay all taxes and fees.
Notary Fees (2% of the purchase price)
Transfer Tax (up to 6% of the purchase price) Property Tax (0.4% annual fee and $0.85 per sq. m. land tax)
Can Foreigners Buy Property in Aruba?
Yes, of course! If they want to invest in Aruba, foreigners may buy real estate, which the Aruban administration fully supports. There are no limits for non-residents when it comes to purchasing property on the island. Furthermore, the acquisition process is the same for foreigners as for native Arubans.
Remember that there are two different types of land in Aruba: freehold (owned by the deed-holder) and leasehold (government-owned), both of which are available internationally. In the case of leased land, there is an annual fee payment for the right of leasing.
What Are the Advantages of
Owning Property in
Aruba?
Aruba has become a highly appealing market for prospective home buyers and investors. People are drawn to this island paradise for various reasons, including its untamed natural beauty, rich cultural legacy, and modern infrastructure.
But not only that, in the last few years, the advantages of buying a property in Aruba have expanded beyond the stunning sights and quiet environment perfect for relaxation. Now, owning property on the island is a huge asset thanks to Aruba’s thriving economy, high potential for capital appreciation, and low real estate taxes.
What Do You Get When You Invest
in a Condo Hotel Like Nanki at Rodgers Beach?
Buying a condo hotel is worth considering if you’re looking for a serious deal with a high return on investment. The new Nanki at Rodgers Beach’s condo hotel in Aruba provides potential buyers with a great opportunity to invest in Aruba with a property that offers long-term financial security and peace of mind.
Nanki at Rodgers Beach offers residents a unique way to relax. Imagine sipping your morning cup of coffee while listening to the sound of the waves lapping against the shore or unwinding by the pool after a fantastic workout session while letting the breeze rush through your hair. That is the sort of peaceful and calming ambiance that the Barefoot Luxury lifestyle of Nanki at Rodgers Beach has to offer. Now, let’s explore some perks:
Is It Possible to Obtain
Aruban Citizenship by
Investing?
First, we want to emphasize that all United States, Canada, EU, and most South American citizens are eligible for visa-free stays for up to three months in Aruba. However, there is no current way to obtain citizenship by investing in Aruba when it comes to naturalization. Still, some other options are available:
- EXTENDED STAY
- RESIDENCE PERMIT
You can apply for temporary residency in Aruba and do the same for permanent residency after lawfully residing there for 120 months.
- CITIZENSHIP
Anyone over 18 who has lived permanently in Aruba for five years and speaks Dutch well is eligible for citizenship by naturalization.
Please head to DIMAS to learn more about your options for visiting and residing in Aruba.
Investing in real estate in Aruba gives you a once-in-a-lifetime opportunity to own a piece of paradise while providing you full access to the Island’s stunning white-sand beaches, clear waters, multicultural ambiance, and unspoiled natural beauty. Whether looking for a vacation home, retirement destination, or even your next step toward financial security, you’ll find many options in Aruba.
At Nanki at Baby Beach Aruba, we’re working on being a premier gem nestled in the heart of Aruba. Nanki means “Center of the Universe” in Arawaco, which is exactly what our luxury condo hotel will become. Discover the epitome of Barefoot Luxury Living!
