What does Noval Properties develop?

Noval Properties develops a diversified portfolio including commercial office buildings, shopping centers (Blue Mall, Downtown Center), residential towers, mixed-use complexes, and industrial warehouses across the Dominican Republic.

Is Noval Properties publicly traded?

Yes. Noval Properties is one of the few Dominican Republic real estate companies listed on public markets, which provides greater transparency, financial reporting standards, and investor confidence compared to private developers.

Where are Noval Properties projects located?

Noval's projects are primarily in Santo Domingo (the capital and largest city) and Punta Cana. In Santo Domingo, they focus on the Piantini, Naco, and Bella Vista neighborhoods — the most sought-after commercial and residential districts.

Blue Mall is a luxury shopping center brand developed by Noval Properties. Blue Mall Santo Domingo is the country's premier luxury retail destination, hosting international brands like Cartier, Louis Vuitton, and Tiffany & Co. Blue Mall Punta Cana extends this concept to the tourism zone.

Are Noval Properties buildings good for rental income?

Yes. Noval's commercial properties boast high occupancy rates due to their prime locations and international-standard finishes. Their residential developments in Santo Domingo target the corporate rental market, offering stable long-term rental yields of 5-7% annually.

Does Noval Properties offer CONFOTUR benefits?

Select Noval Properties residential and mixed-use projects qualify for CONFOTUR tax incentives, providing buyers with property tax exemptions and transfer tax waivers. Check specific project eligibility with a Caribium advisor.

Developer Profile

Noval Properties

Est. 2007 · Santo Domingo, Distrito Nacional

Caribium Editorial TeamPublished: March 1, 2026Updated: March 4, 2026

Reviewed by Caribium Editorial Team

Who is Noval Properties?

Track Record

Projects Completed

15+

Total Units

1,800+

Years in Business

About Noval Properties

Noval Properties is one of the Dominican Republic's most diversified real estate development companies, with a portfolio spanning commercial, residential, mixed-use, and industrial properties. Headquartered in Santo Domingo, Noval is publicly listed and has built a reputation for institutional-grade developments that meet international standards. Their portfolio includes Blue Mall Santo Domingo, Downtown Center, and several residential tower projects. Noval focuses on creating high-quality, income-generating properties that attract both local and international investors.

Active Projects

Noval City

Santo Domingo

Blue Mall Punta Cana

Punta Cana

Downtown Center Expansion

Santo Domingo

Frequently Asked Questions

This content is for informational purposes only and does not constitute financial, tax, or legal advice. Past performance and projected returns are not guarantees of future results. Always consult with qualified professionals before making investment decisions.