The real estate transaction value in the real estate market in the Dominican Republic was modeled to stand at ************ U.S. dollars in 2024. Following a continuous upward trend, the real estate transaction value has risen by ************ U.S. dollars since 2017. Between 2024 and 2029, the real estate transaction value will rise by *********** U.S. dollars, continuing its consistent upward trajectory.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

Dominican Republic: Housing and utilities price index, world average = 100: The latest value from 2021 is 25.5 index points, a decline from 45.149 index points in 2017. In comparison, the world average is 77.639 index points, based on data from 165 countries. Historically, the average for Dominican Republic from 2017 to 2021 is 35.325 index points. The minimum value, 25.5 index points, was reached in 2021 while the maximum of 45.149 index points was recorded in 2017.

The real estate transaction value in the real estate market in Suriname was modeled to stand at ************** U.S. dollars in 2024. Between 2017 and 2024, the real estate transaction value rose by ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The real estate transaction value will steadily rise by ************* U.S. dollars over the period from 2024 to 2029, reflecting a clear upward trend.Further information about the methodology, more market segments, and metrics can be found on the dedicated Market Insights page on Real Estate.

The Dominican Republic Labor Market Survey includes information on housing characteristics and person-records for a 1980 national and 1983 urban sample. The original in-person survey was taken on household enumeration forms, with a sample included in the documentation. Data files contain 13,283 person-records in the order of the original questionnaire (provided in documentation). A household unique number can be matched to the person-records, allowing a variety of analyses. For more information on the data or for any questions about the data, please contact Pamela Paxton at ppaxton@prc.utexas.edu.

The average for 2021 based on 20 countries was 93.148 index points. The highest value was in Bermuda: 276.19 index points and the lowest value was in Dominican Republic: 25.5 index points. The indicator is available from 2017 to 2021. Below is a chart for all countries where data are available.

The Dominican Republic construction market exhibits robust growth potential, with a market size estimated at $35.47 million in 2025 and a projected Compound Annual Growth Rate (CAGR) exceeding 9.81% from 2025 to 2033. This expansion is driven by several factors. Firstly, sustained economic growth fuels increased demand for residential, commercial, and infrastructure projects. Government initiatives focused on infrastructure development, such as transportation improvements and energy upgrades, further stimulate market activity. Tourism's continued importance to the Dominican Republic's economy also contributes significantly to construction demand, particularly in the hospitality sector. The rising middle class, coupled with urbanization trends, boosts housing construction. However, challenges such as material cost fluctuations and potential regulatory hurdles could moderate growth. The market is segmented into residential, commercial, industrial, infrastructure (transportation), and energy and utilities sectors, each presenting unique opportunities and challenges. Key players like Paredes y Asociados Constructora C por A, Consorcio Odebrecht Tecnimont Estrella, and others are actively shaping the competitive landscape. The forecast period (2025-2033) promises continued expansion, driven by ongoing infrastructure investments and a growing population. The residential segment is likely to remain a dominant force, fueled by both individual homeownership and the development of large-scale housing projects. The commercial sector will benefit from increasing foreign investment and the growth of the service industry. The infrastructure sector, particularly transportation, will witness substantial development due to government spending on improving road networks and public transportation systems. While potential economic downturns or global supply chain disruptions could present risks, the long-term outlook for the Dominican Republic's construction market remains positive, presenting attractive investment and growth opportunities for both domestic and international companies. This comprehensive report provides an in-depth analysis of the Dominican Republic construction market, offering valuable insights for investors, industry professionals, and policymakers. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils the market's dynamics, trends, and future prospects. We analyze key segments, including residential, commercial, industrial, infrastructure (transportation), and energy and utilities, providing a granular understanding of market size, growth drivers, and challenges. Recent developments include: August 2023: Guyana signed a memorandum of understanding (MoU) with the Dominican Republic to explore the construction of a 50,000 barrel per day (bpd) refinery in Guyana. As per the terms of the agreement, the Dominican Republic Government could own at least a 51% stake in the refinery project., May 2023: The Dominican Republic’s PPP agency DGAPP launched the process to award construction and operation of the DOP 21.5 billion (USD 391 million) Ámbar divided highway. It will connect Santiago de los Caballeros and Puerto Plata on the north coast., March 2023: Grupo Estrella subsidiary Cemento PANAM plans to execute a 1.23 Mt/yr grinding plant project in the Dominican Republic. CNS News reported that China-based Sinoma Construction won a contract to deliver the project.. Key drivers for this market are: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Potential restraints include: High Initial Investments. Notable trends are: Rise in commercial construction projects.

For the fourth year in a row, the Dominican Republic recorded growth in purchases abroad of bearing housings not incorporating ball or roller bearings, plain shaft bearings, which increased by 1.9% to 230 tons in 2023.

In 2024, the Dominican market for bearing housings incorporating ball or roller bearings decreased by -29.6% to $1.3M, falling for the third year in a row after two years of growth. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $2.4M in 2021; however, from 2022 to 2024, consumption failed to regain momentum.