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Larimar City & Resort Becomes Cornerstone of CLERHP’s Growth Strategy
Larimar City & Resort, a €600 million mixed-use development in Punta Cana, has become the flagship project of Spanish developer CLERHP, highlighting continued foreign investment in the Dominican Republic while supporting tourism, real estate, and long-term economic growth.
Larimar City & Resort, a large-scale mixed-use development planned for Punta Cana, has emerged as the centerpiece of Spanish real estate group CLERHP‘s international expansion strategy. The project, valued at approximately €600 million, is expected to strengthen the Dominican Republic’s position as one of the Caribbean’s leading destinations for tourism and foreign investment.
As the company marks its 15th anniversary, CLERHP has identified the development as its most significant strategic initiative. The first phase is expected to generate up to 3,000 direct and indirect jobs, while the company also plans to deliver the project’s first residential units later this year, marking an important milestone in its construction schedule.
A Smart City Concept for Punta Cana
Larimar City & Resort has been designed as what its developers describe as the Dominican Republic’s first Smart City, bringing together residential neighborhoods, hotels, commercial areas, sports facilities, entertainment venues and technology-driven urban services within a single master-planned community.
The concept emphasizes sustainable development, digital infrastructure and integrated urban planning. By combining residential and tourism components, the project aims to respond to evolving demand from international buyers and travelers seeking destinations that offer modern infrastructure, connectivity and environmentally conscious planning alongside traditional resort experiences.
Expanding the Dominican Republic’s Tourism Offering
While Punta Cana is already the country’s largest tourism destination, developments such as Larimar City & Resort reflect a broader trend toward diversifying the region’s tourism products. Beyond conventional beachfront resorts, integrated communities that combine hospitality, residential living and commercial services are attracting investors interested in long-term opportunities in the Caribbean.
This approach also supports the Dominican Republic’s efforts to appeal to international visitors looking for extended stays, second homes or investment properties in destinations offering modern amenities and year-round accessibility.
Economic Impact Beyond Construction
The scale of the investment is expected to generate economic benefits extending well beyond the construction sector. Large developments typically increase demand for local suppliers, engineering firms, professional services, transportation companies and hospitality businesses, creating broader economic activity throughout the eastern region of the country.
The project also reinforces investor confidence in the Dominican Republic, which has continued attracting significant foreign investment while maintaining strong tourism performance. International real estate and hospitality developments remain important contributors to employment, infrastructure expansion and regional economic growth.
Punta Cana Strengthens Its International Profile
Punta Cana continues to consolidate its reputation as the Dominican Republic’s premier tourism hub thanks to its international airport, extensive hotel infrastructure and established appeal among global travelers. The addition of large-scale mixed-use developments introduces another dimension to the destination, combining tourism with residential and commercial investment.
As Larimar City & Resort progresses, it is expected to contribute to the area’s long-term competitiveness by supporting a development model that integrates tourism, technology, sustainability and urban planning. For international investors, the project reflects the continued evolution of Punta Cana beyond a traditional beach destination into a broader investment and lifestyle market.
