Buy land, a condo or a home on Aruba.
Very often we hear from our clients that they were told that non-residents cannot buy land, a condominium or a home in Aruba. We can tell you that these stories are not true. All non-residents can buy land or a house in Aruba going through the same process as the Aruban residents. They can buy a home on property land as well as on long lease land.
Long Lease land
Besides property land you can buy a house which is built on lease land. This land is owned by the Land of Aruba and the lease is for 60 years.
A yearly fee is paid for these lease rights. After the 60 years, the lease period will automatically be extended with another 60 years. The only thing that might happen when the lease period is extended is an increase in the yearly fee.
Most of the houses situated in Arashi, Malmok, Tierra del Sol, Topaz, Safir, Esmeralda, Ruby, Opal, Salinja Serca and Palm Beach are built on lease land. Many non-residents have bought there and will keep buying in those areas although the homes are built on lease land!
The reason they keep buying houses in those areas is because of their locations. These areas are close to the spas, golf course, tennis courts and shopping malls. Another huge advantage is the distance to the ocean.
A yearly fee is paid for these lease rights. After the 60 years, the lease period will automatically be extended with another 60 years. The only thing that might happen when the lease period is extended is an increase in the yearly fee.
Most of the houses situated in Arashi, Malmok, Tierra del Sol, Topaz, Safir, Esmeralda, Ruby, Opal, Salinja Serca and Palm Beach are built on lease land. Many non-residents have bought there and will keep buying in those areas although the homes are built on lease land!
The reason they keep buying houses in those areas is because of their locations. These areas are close to the spas, golf course, tennis courts and shopping malls. Another huge advantage is the distance to the ocean.
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