Frequently Asked Questions
Yes you can. There is no limitations to own property, land or a Condo in Aruba we welcome you.
Yes, the transfer tax is 3% of the price if lower than $141,000, then it is 6%. There are also
between 0.8 and 3% misc. fees, depending on the price of your property.
Water: WEB NV is the only water provider on the Island. All the industrial and potable water
produced by WEB NV, the 2nd world’s largest desalination plant, is from the seawater. The quality
of Aruba’s drinking water is highly regarded and very safe to drink direct from the faucet. The
average consumption per month according to WEB NV is $82.00. Houses with extensive
landscaping could expect water bills around $170. With an average swimming pool of 30 m3, the
monthly consumption of water in dollars is estimated at $250.00.
Electricity: WEB NV also produces electricity, which is distributed by ELMAR NV. Power is
supplied to all homes at 60-Hertz frequency and at 110 volts, just like in the United States. Power
outages are very rare, unlike on other Caribbean islands. The average consumption of power per
month is $130.00. For a house with 3 A/C units the average is around $250.00.
In addition to property land (freehold) you can purchase a home that is built on lease land
(leasehold). With lease land ownership belongs to the Land of Aruba and rights to renewable 60-
year leases are granted for an annual fee. Majority non-residents have bought lease land or
homes situated on lease land.
Yes, financing options are available for both local and foreign buyers. Local banks and financial
institutions offer mortgage loans for property purchases.
Yes, many property owners in Aruba choose to rent out their homes when they are not using
them. However, it is important to familiarize yourself with the local rental regulations and obtain
the necessary permits.
While it is not mandatory, hiring a real estate agent can be beneficial in terms of their market
expertise, marketing resources, and negotiation skills. They can help you reach a wider audience
of potential buyers and guide you through the selling process.
The duration of the buying process can vary depending on various factors, including property
availability, negotiations, financing arrangements, and legal procedures. On average, it can take
between two to three months to complete a property purchase.
