Property Land vs. Long Lease Land in Aruba

Aruba is nothing short of a dream destination, with its stunning beaches, crystal-clear waters, and a vibrant culture that makes it feel like paradise. Whether you’re looking for a peaceful retreat or an adventurous lifestyle, Aruba has it all. If you’ve ever considered owning a piece of this island, you’re likely wondering about the different types of land ownership. In Aruba, the two main options are Property Land and Long Lease Land, and each comes with its own unique set of benefits and factors to think about.

What Exactly is Property Land?

Property land is the simplest form of ownership, where you own the land outright. When you purchase property land in Aruba, you have full control over the land and anything built on it, including apartments. This means you can freely develop the land, make improvements, and use the property as you see fit. As the owner, you will be responsible for paying annual property taxes based on the land's value.

How Does Long Lease Land Work?

Long lease land in Aruba operates differently. In this case, the government retains ownership of the land, but individuals or businesses lease it for a long period, typically 60 years. During the lease period, you have the right to use the land as though you own it, provided you comply with the standard and specific conditions outlined in the lease agreement.

One of the main attractions of long lease land is that it’s often found in some of the island’s most sought-after locations, including popular areas like Palm Beach, Eagle Beach, and Noord. These prime areas can make it an appealing option for those looking to invest in high-demand locations. The lease fee is fixed for the first 60 years, but it may increase when the lease is renewed for an additional term.

Now that you have a clearer understanding of the differences between long lease land and property land in Aruba, you are prepared to make a well-informed decision. The important thing to remember is that the choice isn’t about one being better than the other, but which one fits your specific needs and vision.

With property land, you benefit from full ownership, giving you complete control over both the land and any structures you build. On the other hand, long lease land is typically located in some of Aruba's most desirable areas, offering access to prime locations.

Whichever option you choose, you are one step closer to turning your dream into reality in Aruba.