FAQ
When you buy property land you own the land indefinitely until you sell it. When you buy lease land, the government owns this land and leases it to you the buyer for a period of 60 years at a yearly fee.
- Transfer tax: this tax is 3% of the value if lower than $141,000, when value is higher, then it is 6%.
- Property tax: the tax department appraises the value of your property and taxes it accordingly, see for more info www.siad.aw.
Closing Costs
Your agent at Aruba Happy Realty will advise you regarding insurance. The type of insurance that is right for you also depends on what the purpose and usage of the property is. Is it commercial, do you rent it out, is there inventory? Based upon your situation we will give you the right advice concerning a comprehensive property insurance.
Depending of what type of property you have or what kind of tenant you are looking for, your agent at Aruba Happy Realty can assist you with this. Within Aruba Happy Realty we have hands on experience in property & rental management and through our sister company Aruba Happy Rentals you have access to a large market of residential tenants with excellent rental possibilities.
Water, electricity and also cable TV and internet services are provided by government owned companies. Our property managers will handle this for you and get you connected quickly.