Get all the data you need about the real estate market in Da Nang

What rental yield can you get on a condo in Da Nang?

What rental yield can a Da Nang condo realistically make today?

A good Da Nang condo can currently make around 5–6% gross on a long-term rental, while roughly 3.5–4.5% net is a more realistic target once the normal costs of owning and renting it out are included.

That range covers a lot of the better income properties we found. Smaller condos bought at sensible prices can still get above 6% gross. Some larger or more expensive apartments fall below 5%.

Studios are particularly strong. Our comparison puts indicative gross yields around 6.32% in An Thuong/My An, 6.14% around My Khe/Phuoc My and about 6.05% in both Thanh Khe and Hoa Khanh/Hoa Minh.

Once we allow for vacancy, building charges, repairs, furniture replacement and rental management, those same properties land closer to roughly 4.2–4.6% net.

Larger apartments usually make less. One-bedroom units often sit around 5–5.5% gross, while many two-bedroom condos fall somewhere around 4.5–5.5%.

So 6% is achievable in Da Nang today. Buyers should just be clear that a 6% advertised gross yield and a 6% return actually reaching the owner's pocket are very different things.

Da Nang condo type	Typical gross yield	More realistic net yield	How attractive is it?
Strong studio	5.8–6.3%	4.1–4.6%	Very good by local standards
Good 1-bedroom	5.0–5.5%	3.6–4.0%	Reasonable
Good 2-bedroom	4.8–5.5%	3.5–4.0%	More dependent on location
Exceptional larger unit	Around 6%	Around 4.2%	Possible, but uncommon
Expensive resort/luxury condo	Often below 5%	Often around 3–3.5%	Weak if income is the priority

Why are Da Nang condo yields so different from one building to another?

Da Nang condo yields vary so much because purchase prices have recently risen much faster at the top end of the market than the rents landlords can realistically charge.

CBRE puts Da Nang's total condominium stock at roughly 16,000 units. More than 8,000 units were launched during 2024 and 2025 alone, compared with fewer than 1,000 new units a year before 2024.

The bigger change is the type of apartment being built. CBRE's latest market figures put the average primary condo price around VND 83 million per m², and recent launches have been concentrated heavily at the luxury end.

That produces some strange-looking comparisons. A relatively ordinary resale studio can still cost less than VND 2 billion and rent for around VND 10 million a month. A new 60 m² condo priced around the current primary-market average approaches VND 5 billion, yet the achievable rent may only be VND 17–20 million.

The cheaper apartment can therefore produce the better yield even though the newer unit is nicer, larger and more expensive.

This is why citywide yield averages are not especially useful in Da Nang now.

Can you really get a 6% condo yield in Da Nang?

A 6% gross condo yield is genuinely possible in Da Nang, particularly on studios and well-priced resale units, but a 6% net long-term yield would be unusually high.

Take An Thuong/My An. A studio bought for around VND 1.9 billion and rented for VND 10 million a month generates VND 120 million a year, equivalent to about 6.32% gross.

Around My Khe/Phuoc My, VND 11 million in monthly rent on a VND 2.15 billion studio gives about 6.14%.

Thanh Khe reaches almost the same percentage from much smaller numbers. A VND 1.25 billion studio renting at roughly VND 6.3 million a month works out at about 6.05%.

The common thread is the purchase price. None of these examples needs an extraordinary monthly rent. They work because the rent remains high enough compared with what the apartment costs.

After normal running costs, we would expect those 6% gross examples to settle somewhere around the low-to-mid 4% range net.

Which parts of Da Nang currently have the highest condo yields?

The highest condo yields in Da Nang currently tend to appear in places where apartments are still fairly cheap, while An Thuong stands out for combining a strong yield with a much deeper international tenant market.

Our studio comparison puts Hoa Khanh/Hoa Minh around 4.60% modeled net, Thanh Khe around 4.54%, An Thuong/My An around 4.48%, Man Thai/Tho Quang around 4.44% and Hoa Xuan around 4.29%.

The ranking gets more interesting once we look beyond the percentage.

A studio in Hoa Khanh/Hoa Minh may cost only about VND 1.15 billion. That low entry price can produce an excellent yield even with rent around VND 5.8 million a month. Tenant demand there, however, is more closely tied to students, workers, industrial activity and local households.

An Thuong/My An costs closer to VND 1.9 billion in our comparison, but landlords can tap expatriates, remote workers, Vietnamese professionals and medium-term foreign residents alongside beach-oriented tenants.

For a buyer who also cares about keeping the apartment easy to rent and eventually resell, we would usually take that broader demand even if another district wins by a few tenths of a percentage point.

Area	Example unit	Indicative price	Monthly rent	Gross yield	Modeled net yield
Hoa Khanh / Hoa Minh	Studio	VND 1.15bn	VND 5.8m	6.05%	4.60%
Thanh Khe	Studio	VND 1.25bn	VND 6.3m	6.05%	4.54%
An Thuong / My An	Studio	VND 1.90bn	VND 10.0m	6.32%	4.48%
Man Thai / Tho Quang	Studio	VND 1.30bn	VND 6.5m	6.00%	4.44%
Hoa Xuan	Studio	VND 1.30bn	VND 6.2m	5.72%	4.29%
My Khe / Phuoc My	Studio	VND 2.15bn	VND 11.0m	6.14%	4.24%

Are studios really the best Da Nang condos for rental yield?

Studios currently give buyers the best rent-to-price ratio in many parts of Da Nang, and the advantage becomes quite obvious when we compare them with larger apartments in the same neighborhood.

In An Thuong/My An, for example, a studio around VND 1.9 billion can rent for roughly VND 10 million a month. A one-bedroom may cost around VND 3.35 billion and rent for VND 15 million.

The buying price has gone up about 76%, while the rent has increased only 50%.

A two-bedroom makes the gap wider. At roughly VND 5.3 billion, it costs almost 2.8 times as much as the studio, while monthly rent around VND 23 million is only 2.3 times higher.

Our modeled net yield consequently drops from about 4.48% on the studio to 3.81% on the one-bedroom and 3.70% on the two-bedroom.

We see similar economics in several Da Nang districts. Tenants will pay quite a lot to have their own furnished apartment, but they rarely pay enough extra for additional bedrooms to match the much higher purchase price.

For someone buying mainly for income, the smallest genuinely rentable unit in a good building is often the more efficient choice.

Does buying near My Khe Beach actually give you a better yield?

My Khe Beach gives landlords some of Da Nang's strongest rents, but buyers pay enough for the location that long-term yields are often no better than in cheaper parts of the city.

Around My Khe/Phuoc My, a studio at roughly VND 2.15 billion can rent for about VND 11 million a month. That produces around 6.14% gross and 4.24% modeled net.

A one-bedroom around VND 3.8 billion with VND 17 million rent falls to approximately 5.37% gross and 3.70% net.

A VND 6.2 billion two-bedroom renting for about VND 28 million comes out near 5.42% gross and 3.74% net.

Compare the studio with Thanh Khe. My Khe brings in roughly 75% more monthly rent, but it also costs about 72% more to buy. The gross yields end up almost identical.

My Khe earns its premium more through the quality and depth of tenant demand, its appeal to foreigners and its short-term-rental potential than through any automatic long-term yield advantage.

Is An Thuong still one of the best places to buy a rental condo in Da Nang?

An Thuong and My An remain among the strongest all-round areas for a Da Nang rental condo today, especially if we want both decent income and a large pool of possible tenants.

Our indicative An Thuong studio costs around VND 1.9 billion and rents for roughly VND 10 million a month, giving about 6.32% gross and 4.48% modeled net.

Few internationally popular parts of Da Nang combine those numbers with such a varied rental market.

The area attracts expatriates, remote workers, Vietnamese professionals and longer-stay visitors. My Khe Beach is close, while cafés, restaurants, gyms and coworking spaces make the neighborhood unusually easy to live in without depending heavily on a car.

There is plenty of rental competition too. A poorly furnished condo in a mediocre building will not stay full simply because the listing says An Thuong.

Still, when we compare a 4.5% net yield here with a slightly higher return in an outer district where demand is thinner, An Thuong usually looks like the more convincing investment.

Can a Hai Chau condo make more rent than a beach condo?

A good Hai Chau condo can beat many beach apartments on yield, especially in the two-bedroom segment where central professionals and families are willing to pay meaningful rents.

Our Hai Chau Riverside example is particularly strong. A two-bedroom around VND 5.6 billion renting for roughly VND 28 million a month produces about 6% gross and 4.2% modeled net.

That beats comparable two-bedroom estimates in My Khe/Phuoc My, An Thuong/My An, An Hai Bac and Hoa Hai/Non Nuoc.

The tenant pool helps explain it. Hai Chau attracts people who care about being close to offices, schools, the Han River and the city center. Larger apartments make more sense for those households than they do for many solo renters near the beach.

The result is one of the few parts of Da Nang where moving from a studio or one-bedroom into a good two-bedroom does not necessarily destroy the yield.

Area	Indicative 2BR price	Monthly rent	Gross yield	Modeled net
Hai Chau Riverside	VND 5.60bn	VND 28m	6.00%	4.20%
Hoa Cuong	VND 4.05bn	VND 18m	5.33%	3.95%
My Khe / Phuoc My	VND 6.20bn	VND 28m	5.42%	3.74%
An Thuong / My An	VND 5.30bn	VND 23m	5.21%	3.70%
An Hai Bac	VND 5.15bn	VND 22m	5.13%	3.69%
Hoa Hai / Non Nuoc	VND 6.30bn	VND 26m	4.95%	3.32%

Are Da Nang's new luxury condos worth buying for rental income?

A lot of Da Nang's new luxury condos look expensive for the rent they can generate, so we would be cautious about buying them purely for yield.

CBRE's latest Da Nang figures put the average primary condo price around VND 83 million per m².

At that level, a 50 m² unit costs approximately VND 4.15 billion before furnishing and other buying costs. Even VND 15 million of monthly rent gives only around 4.34% gross.

A 60 m² apartment costs roughly VND 4.98 billion. VND 17 million rent produces about 4.10% gross, while VND 20 million gets the owner to about 4.82%.

Reaching 6% gross would require nearly VND 25 million every month.

That is a high long-term rent for a 60 m² Da Nang condo.

There is clearly plenty of demand to buy these projects. CBRE reports an 89% cumulative absorption rate despite high primary prices. But investors buying for income need the tenant to support the valuation, and the rental numbers often struggle to do that.

Condo bought around VND 83m/m²	Approximate price	Monthly rent	Gross yield
50 m²	VND 4.15bn	VND 15m	4.34%
60 m²	VND 4.98bn	VND 17m	4.10%
60 m²	VND 4.98bn	VND 20m	4.82%
60 m²	VND 4.98bn	VND 24.9m	6.00%
70 m²	VND 5.81bn	VND 25m	5.16%

Do resort condos around Non Nuoc make good rental investments?

Non Nuoc and Hoa Hai are currently among the weaker choices for a buyer focused mainly on long-term rental yield because the resort premium pushes purchase prices up faster than monthly rents.

A studio around VND 2.15 billion with VND 9 million monthly rent produces roughly 5.02% gross and 3.37% modeled net.

For a one-bedroom at about VND 3.8 billion and VND 15 million rent, the numbers fall to approximately 4.74% gross and 3.17% net.

A VND 6.3 billion two-bedroom renting for VND 26 million comes out around 4.95% gross and 3.32% net.

Those returns sit near the bottom of our Da Nang comparison.

Non Nuoc certainly has attractive beaches, resorts and golf demand. Buyers simply pay a lot upfront for those features, while long-term tenants do not reimburse all of that premium through higher monthly rent.

For a second home that can also earn some rental income, the area can make sense. For someone chasing yield, we find better numbers elsewhere.

Can Airbnb make much more money than a long-term rental in Da Nang?

Da Nang short-term rentals are making far more gross revenue than ordinary long-term leases right now, but the latest numbers also show how easy it would be to exaggerate the return an owner actually keeps.

AirDNA currently tracks roughly 9,170 active short-term-rental listings in Da Nang. The average active listing earned about $14,300 over the latest trailing 12 months, with average occupancy at 67% and an average nightly rate around $65.

Using roughly VND 26,000 per US dollar, that $14,300 equals about VND 372 million in annual booking revenue.

Put VND 372 million against a VND 2 billion condo and the revenue-to-property-value ratio reaches almost 19%. Against a VND 3 billion apartment, it is still above 12%.

Neither number should be read as the owner's net yield.

Short-term rental hosts pay platform charges, utilities, cleaning, laundry, consumables, repairs and much heavier management costs. Furnishings also wear out faster. The AirDNA average covers many kinds of accommodation rather than a standardized investor-owned condo.

The latest trend is nevertheless impressive. AirDNA says average annual revenue is up 117.6% year on year and occupancy is up 43%, while the number of active listings has fallen 15.5%.

At the same time, the average daily rate is down 28.1%. Da Nang hosts are filling many more nights, but they are doing so at considerably lower prices per night.

Demand has strengthened dramatically, yet competition still puts pressure on what hosts can charge.

Da Nang short-term rental metric	Latest AirDNA figure	Year-on-year change	What it tells us
Active listings	About 9,170	-15.5%	Supply has recently tightened
Average occupancy	67%	+43.0%	Far more nights are being filled
Average annual revenue	$14,300	+117.6%	Revenue has jumped sharply
Average daily rate	$65	-28.1%	Hosts are charging less per night
RevPAR	$43	+13.5%	Lower rates are being offset by stronger occupancy

Is Da Nang's short-term rental demand actually reliable year-round?

Da Nang's short-term rental market currently looks much less seasonal than many beach destinations, which makes Airbnb income more credible than a market that depends on a few peak holiday months.

AirDNA gives Da Nang a seasonality score of 94 out of 100, alongside the 67% average occupancy mentioned above.

That is useful for an owner because a high annual occupancy figure is much easier to trust when demand is spread through the year.

Tourism has also been running at a high level. Official city figures showed accommodation establishments serving about 16.5 million visitors during the first 11 months of 2025, up 18.9% from the previous year. International visitors reached roughly 7 million.

The short-term-rental data adds another layer. Occupancy has continued climbing even while thousands of listings compete for guests.

We would still budget cautiously. An average apartment does not automatically inherit the citywide occupancy rate, and a bad building or weak listing can perform far below it.

But Da Nang's current short-term demand looks strong enough to treat Airbnb as a serious investment strategy rather than a seasonal bonus.

How much do fees, vacancy and tax actually cut a Da Nang condo yield?

For most Da Nang condo owners, vacancy and day-to-day operating costs take a bigger bite out of the return than tax does.

Da Nang's official management-fee framework puts buildings with elevators broadly between VND 4,400 and VND 13,200 per m² per month.

For a 70 m² apartment, that works out at roughly VND 308,000 to VND 924,000 a month, or around VND 3.7–11.1 million per year.

That fee alone is manageable. The bigger reduction comes when we combine it with empty months, leasing commissions, repairs, rental management and the gradual replacement of furniture and appliances.

Take a VND 3 billion condo rented for VND 15 million per month. With 12 occupied months, gross yield is exactly 6%. One empty month brings it down to 5.5%. Two empty months leave 5% before any other costs have been paid.

Recent Vietnamese tax rules are relatively favorable to an individual landlord with just one ordinary condo. The current framework exempts rental-property revenue of up to VND 1 billion per year from VAT and personal income tax for this activity.

VND 1 billion is equivalent to more than VND 83 million in average monthly rental revenue, far above what a normal Da Nang apartment earns.

For a typical single-condo investor, getting the purchase price and occupancy right will therefore affect the return far more than rental income tax.

Have Da Nang condo prices gone up too far for rental investors?

Some parts of the Da Nang condo market have now become too expensive to produce an attractive long-term yield unless the buyer gets a meaningful discount.

The current primary-market average of roughly VND 83 million per m² makes the problem easy to see.

A 60 m² apartment at that price costs about VND 4.98 billion. If it rents for VND 17 million a month, gross yield is just 4.1%.

Even at VND 20 million monthly rent, it only reaches 4.82%.

For the same apartment to match the 6.32% gross yield of our indicative An Thuong studio, monthly rent would need to exceed VND 26 million.

That is a large gap.

As seen above, Da Nang has also added more than 8,000 condos in only two years after previously launching fewer than 1,000 units annually. Buyers therefore face high primary prices at the same time as the rental market is getting more competing apartments.

Foreign investors need one additional layer of discipline here. Under Vietnam's current Housing Law, eligible foreign buyers can generally own no more than 30% of the residential units in an apartment building, and individual foreign ownership usually runs for up to 50 years from issuance of the ownership certificate, with one extension of up to another 50 years possible.

A cheap condo with a nice headline yield becomes far less attractive if the project is difficult for foreigners to buy or resell.

For an overseas investor today, we would put legal eligibility and exit liquidity alongside rent when comparing supposedly high-yield bargains.

How cheap does a Da Nang condo need to be for a 5% net yield?

A buyer targeting a real 5% net yield in Da Nang will usually need a gross yield closer to 6.5–7%, which rules out a large part of the city's current premium new-build market.

We can work backwards from the rent.

If an apartment reliably rents for VND 10 million a month, annual gross rent is VND 120 million. At a 6% gross yield, the maximum purchase price is VND 2 billion.

At 6.5%, that falls to roughly VND 1.85 billion.

At 7%, it is around VND 1.71 billion.

For a condo renting at VND 15 million a month, VND 180 million of annual rent supports a VND 3 billion purchase at 6% gross, roughly VND 2.77 billion at 6.5%, and about VND 2.57 billion at 7%.

This is probably the most useful calculation a Da Nang rental investor can make. Start with the rent the apartment can really achieve and calculate what price would make the investment worthwhile.

Doing it in reverse makes it much harder to talk ourselves into an expensive condo simply because the project looks good.

So what rental yield can you actually get on a condo in Da Nang?

A realistic Da Nang condo yield today is about 5–6% gross and 3.5–4.5% net for a well-bought long-term rental, with the best smaller units getting a little above that range.

Studios in An Thuong/My An, Thanh Khe, Hoa Khanh/Hoa Minh and parts of Son Tra currently show some of the strongest rent-to-price ratios we found.

My Khe can also get above 6% gross on smaller units, although its higher property prices steadily eat into the return as apartments get larger.

Hai Chau is one of the more interesting exceptions. Good two-bedroom apartments can still approach 6% gross because professional and family rents hold up well relative to purchase prices.

Non Nuoc and expensive luxury developments sit at the other end. Returns there often fall toward 3–3.5% net, and sometimes lower, unless the unit was bought particularly well.

Short-term rentals can bring in much more revenue. The latest AirDNA figures are unusually strong: 67% occupancy, average annual revenue of $14,300 and revenue growth above 117% year on year. The simultaneous 28% fall in average nightly rates shows that owners still have to compete hard for those bookings.

For a mostly passive long-term investment, we would use roughly 4% net as a good Da Nang target and treat anything approaching 4.5–5% net as genuinely strong.

A buyer paying today's luxury primary-market prices should expect less. The better yields these days are still hiding in smaller units, resale stock and buildings where the rent has kept up with the purchase price.

Fact-checked and reviewed by our local expert

✓✓✓

Lee Buckley

Founder, RentDaNang

Lee Buckley is the founder of RentDaNang, an English-language rental aggregator for Da Nang that tracks more than 7,000 listings daily across multiple Vietnamese platforms. This makes him highly knowledgeable about the local rental market.

Who is the author of this content?

BAMBOOROUTES

A team specialized in real estate investing in APAC countries (Japan, Thailand, Indonesia, Australia, etc.).

We are a team of financial experts, legal professionals, developers, and local real estate specialists dedicated to helping people like you avoid mistakes when investing in real estate in a foreign place, particularly in Da Nang. If you’d like to learn more about us, you can check our presentation page.