Occupying the eastern two-thirds of the island of Hispaniola, the Dominican Republic is the second-largest Caribbean nation, with an incredibly diverse landscape that ranges from soaring mountain peaks (including Pico Duarte, the Caribbean’s highest) to arid desert regions, Rainforest clad valleys, and hundreds of miles of stunning coastline. Its strategic geographical location, coupled with accelerating economic growth and a welcoming environment for foreign investment, makes it a prominent tourism and business hub in the region. Key tourist destinations include the historic capital of Santo Domingo, the lively resort areas of Punta Cana, the adventurous north coast around Puerto Plata and Cabarete, and the more tranquil Samaná Peninsula.
History: The recorded history of the Dominican Republic began in 1492 with Christopher Columbus’s arrival, leading to the establishment of the first permanent European settlement in the Americas (Santo Domingo). The island of Hispaniola was a significant Spanish colony before being ceded to France in 1795. Following a period of Haitian occupation (1822-1844), the Dominican Republic declared its independence in 1844. Its post-independence history has seen periods of political instability, including a brief re-annexation by Spain and multiple U.S. military interventions, before establishing a more stable democratic government in recent decades. This rich, complex history has shaped a vibrant culture with strong European, African, and indigenous influences.
Population (2025 estimate): 11,520,487.
Estimated Average Nightly Short Term Rental Price (Island-wide, 2024): Short-term rental prices in the Dominican Republic vary widely by region, property type, and amenities. For example, in major tourist areas like Punta Cana, the average daily rate for an Airbnb can be around $111, while in the capital, Santo Domingo, it averages closer to $63. Luxury villas and beachfront properties across the island can command significantly higher rates, often ranging from $300 to over $1,000+ per night, while more budget-friendly options can be found for as low as $40-$70.
