Advantages of living an Aruba Lifestyle | BlueAruba Realty (2024)

FAQs

Advantages of living an Aruba Lifestyle | BlueAruba Realty? ›

Living in Aruba offers an idyllic experience that combines stunning weather, pristine beaches, health and wellness benefits, rich natural reserves, and vibrant cultural diversity. Every corner of the island invites you to stay or at least come back to visit.

Aruba has one of the highest living standards in the Caribbean, and properties have a high potential for appreciation. Non-residents don't have restrictions on real estate ownership. You can be eligible for financing options to acquire property on the island. Finally, property taxes are incredibly low.

🏠The best area to live is Noord. This area is popular with tourists and expats and will offer you plenty of things to do and people to meet. 🚗You'll need a car to get by living in Aruba. Even though it's a small island, the best way to get around is definitely by driving yourself.

A family of four estimated monthly costs are 4,352.7$ without rent. A single person estimated monthly costs are 1,206.0$ without rent. Cost of living in Aruba is, on average, 5.8% higher than in United States. Rent in Aruba is, on average, 56.5% lower than in United States.

What is the process to relocate to Aruba? To apply for a residency permit, you will need to apply through the Department of Immigration and Naturalization Services of Aruba (DIMAS). Residency permits are valid for one year and are renewable annually thereafter.

While in Aruba, US citizens may apply to extend their stay up to 180 days. You must apply for a residency permit if you plan to stay longer than 180 days.

Not only does Aruba have one of the highest standards of living in the Caribbean, but the island also offers retirees many opportunities to freely embrace this new stage of their lives. To begin with, the island celebrates many North American holidays, which will make you feel right at home.

Market Overview

(In mid-2019, the median price for a house in Aruba was about 580,000 Aruban florins, or about $321,000, according to the Central Bank van Aruba.)

Retire To Aruba

As a retiree you have to be 21 years and older. To become eligible, the following are the prerequisites: You have to be older than 55 years as a pensioner. Proof of a gross income, from pension or other legal source, of minimum $ 56,200.00 per year.

How long can I stay in Aruba if I own property? ›

Owner Real Estate

Do you want to stay longer in Aruba? This is possible when you own a house in Aruba, a timeshare apartment or a Yacht on Aruba (minimum 14 meters long). You can stay in Aruba for up to 180 days. You must have a private travel insurance in this case.

High demand for property makes Aruba a profitable place to invest in for the coming years. The process for buying real estate is the same for non-residents as if you were a local. Overseas investments are also encouraged by the government.

Housing is one of the largest expenses in Aruba, and the cost of rent can range from $1,000 to $3,000 or more per month for a one-bedroom apartment. Utilities, such as electricity, water, and internet, can add another $200 to $400 per month to your expenses.

Aruba is an attractive location for people to live. It is very safe, has a high standard of living, and is generally well organized and politically stable. In order to qualify for the necessary residence and/or work permits one must comply with specific rules and requirements.

US cellphones will work in Aruba. However please keep in mind that if you retain your own US SIM card you may incur considerable roaming fees from your US cellphone company, you should call to see if they offer coverage in Aruba and what it would cost.

You can drive in Aruba with a valid U.S. driver's license. Drivers approaching roundabouts must yield to traffic already in the roundabout and wait for an opening to enter. Right turns at red lights are prohibited.

Aruba is an attractive location for people to live. It is very safe, has a high standard of living, and is generally well organized and politically stable. In order to qualify for the necessary residence and/or work permits one must comply with specific rules and requirements.

Sandy Beaches – Aruba has some of the best beaches in the Caribbean, including the world-famous Eagle Beach in Oranjestad. The beaches in Aruba are known for soft sand and relaxing views, and the island even features several unique pink beaches with sand made of crushed coral and shells.

(In mid-2019, the median price for a house in Aruba was about 580,000 Aruban florins, or about $321,000, according to the Central Bank van Aruba.) “It was holding steady, but after the pandemic began, it started to rise, and properties were sold very quickly and mostly at the asking price,” she said.