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Where are the best places to invest in Da Nang right now? Is the city center still the top pick, or are areas like Son Tra, Ngu Hanh Son, and Cam Le gaining ground? What makes these locations attractive to both local and foreign investors?
We’re often asked these questions because we work directly with local real estate agents, developers, and clients who invest across the city. Our firsthand experience in these markets gives us unique insights into where the real opportunities lie. To save everyone from asking privately, we’ve written this article to share our knowledge broadly.
Our goal is to highlight the hottest markets in Da Nang and explain why they’re worth your attention in 2025.
If you have suggestions or want us to dive deeper into a specific area, let us know. You shoot an email, we answer within 24 hours.
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1) Lien Chieu District is attracting interest with its affordable land and upcoming infrastructure projects like the new port
Lien Chieu District is becoming a hot spot for property buyers due to its affordable land prices and promising future developments.
While other areas in Da Nang are seeing land prices soar, Lien Chieu remains a budget-friendly choice, making it attractive for those looking to invest without breaking the bank. The district is on the cusp of major growth, thanks to some exciting infrastructure projects on the horizon.
One of the most buzzed-about projects is the Lien Chieu Port, a sprawling 450-hectare deep-sea port that's set to transform the local economy. With its first phase expected to wrap up by 2025, this port will eventually handle a whopping 40-50 million tons of cargo by 2050, giving a massive boost to trade and logistics in the area.
In addition to the port, there's a plan to establish a Free Trade Zone (FTZ) nearby. This FTZ will be a magnet for foreign investors, offering tax breaks and other perks to make it a hub for export processing and logistics.
The local government has big plans for Lien Chieu, aiming to turn it into a modern urban area by 2030. This includes not just the port and FTZ, but also projects like the Lang Van tourist resort and the dredging of the Cu De river to boost tourism.
Real estate reports from 2024 show a surge in demand for properties in Lien Chieu, with nearly half of Da Nang's new apartments being snapped up in this district. This interest is driven by the district's lower land prices and the promise of future development, making it a new growth engine for Da Nang's real estate market.
Sources: Da Nang Today, ASEAN Briefing, Vietnam Briefing
2) Son Tra Peninsula is booming with demand for luxury villas offering stunning ocean views
Son Tra Peninsula is a hot spot for real estate, especially for luxury villas with stunning ocean views.
In recent years, property prices in Son Tra have surged, with the median sales price hitting around 5.3 billion ₫ and a median price per square meter of 84.4 million ₫. This rise shows a strong demand for real estate here. The Peninsula Da Nang project, featuring 941 luxury apartments with top-notch amenities like a commercial center and sky garden, is a testament to this growing interest in high-end living.
Existing luxury villas in Son Tra are seeing high occupancy rates, indicating their popularity. By the third quarter of 2024, nearly half of the new apartments in Da Nang were sold, with a 32% increase in new units. This trend underscores the strong interest in Son Tra's luxury real estate, with many buyers preferring ocean-view properties.
Son Tra's appeal is further boosted by its unique tourism attractions. Da Nang, including Son Tra, is a top destination for tourists, featuring spots like Sun World Ba Na Hills and Marble Mountains. This media spotlight has made the area even more attractive to potential buyers and investors.
With its stunning views of the Han River and the East Sea, the Peninsula Da Nang project captures the attention of those seeking luxury and beauty. The demand for such properties is evident, as more people are drawn to the area's natural charm and modern amenities.
Son Tra's real estate market is thriving, driven by increasing demand for luxury living and its picturesque setting. The combination of high-end developments and breathtaking views makes it a prime choice for property buyers.
Sources: CVR, CVR, Bao Da Nang, FazWaz
We have made this infographic to give you a quick and clear snapshot of the property market in Vietnam. It highlights key facts like rental prices, yields, and property costs both in city centers and outside, so you can easily compare opportunities. We’ve done some research and also included useful insights about the country’s economy, like GDP, population, and interest rates, to help you understand the bigger picture.
3) Phuoc My Ward is gaining interest for its beachfront apartments and condos offering high rental yields
Phuoc My Ward is experiencing a surge in demand for beachfront apartments and condos due to several compelling reasons.
One major factor is that property prices have risen significantly, especially for luxury spots like Nobu Residences Da Nang. These high-end apartments are in hot demand because of their prime beachfront location and luxurious amenities. This price hike clearly shows a strong appetite for upscale living spaces.
Tourism in Da Nang is bouncing back, which means higher occupancy rates for beachfront properties. Hotel room rates are nearly back to 70% of what they were before the pandemic, signaling a growing interest in short-term rentals. This trend is boosting the demand for beachfront apartments and condos.
Investors are also eyeing Phuoc My Ward because beachfront properties offer high rental yields. For example, a sea-view apartment on Võ Nguyên Giáp Street can bring in a hefty monthly income, making it a smart choice for those looking for good returns.
Foreign investors are increasingly interested in Da Nang's real estate market. The combination of improved infrastructure and a recovering tourism industry is drawing more international attention, further driving up demand for properties in Phuoc My Ward.
Surveys show that both expatriates and locals have a strong preference for beachfront living. The prime location of Phuoc My Ward, close to famous beaches, makes it a top pick for anyone dreaming of a beachfront lifestyle.
Sources: FazWaz, Bao Da Nang, MPI Real Estate
4) Hai Chau District is gaining interest for its central location and increasing rental yields from commercial properties
Hai Chau District is a hot spot for investors, thanks to its central location and rising rental yields from commercial properties.
In recent years, the real estate scene in Da Nang, especially in Hai Chau, has been buzzing with activity. Property prices have surged, with a 32% increase in the third quarter of 2024 compared to earlier in the year. The demand for apartments in Hai Chau shot up by 45%, making it a prime area for real estate enthusiasts.
Rental yields in Hai Chau are quite appealing. While the average gross rental yield in Da Nang is 3.81%, a studio apartment in Hai Chau offers a higher yield of 4.25%. This makes it a smart choice for those seeking solid returns. The district's central location adds to its charm, being well-connected and easily accessible, thanks to ongoing infrastructure upgrades.
Businesses are flocking to Hai Chau, further fueling investor interest. By September 2024, Da Nang had issued business registration certificates for nearly 3,000 enterprises, showcasing a thriving business environment. Government initiatives are also in play, promoting business in central districts like Hai Chau, which boosts its appeal to investors.
Hai Chau's strategic position and vibrant business scene make it a magnet for investment. The district's central location not only offers convenience but also promises rising rental yields, making it a lucrative option for property buyers.
With the combination of a bustling business environment and attractive rental returns, Hai Chau stands out as a top choice for investors. The district's ongoing development and strategic location ensure it remains a key player in Da Nang's real estate market.
Sources: Da Nang's Real Estate Market, Gross Rental Yields in Vietnam, Da Nang's Economy Continues to Grow
5) Hoa Khanh Industrial Zone is gaining attention for its industrial real estate potential and worker housing developments
Hoa Khanh Industrial Zone is becoming a hot spot for industrial real estate and worker housing developments.
Thanks to increased investment in infrastructure, the zone now spans 132.6 hectares, showing a commitment to supporting industrial activities. This expansion is a clear sign that the area is gearing up for more business.
In Da Nang, the demand for industrial space is booming, with 86.35% of industrial zones already leased. This high occupancy rate highlights the eagerness of businesses to set up shop, pushing the need for more space.
The government is sweetening the deal with incentives for industrial development, including plans for special administrative economic units that could benefit Hoa Khanh. This means more perks for businesses investing here.
With around 20 projects by 16 companies, including those in garment and high-tech electronics, the zone is turning into a thriving industrial hub. This growth is attracting more businesses to the area.
Existing factories are expanding, like the planned growth of Hoa Khanh Industrial Park, which is set to create more job opportunities. This expansion is drawing workers, increasing the need for housing.
Real estate developers are jumping in, with projects like the TTC Plaza Da Nang Complex Project, which is expected to boost real estate activities. The surge in real estate transactions in 2024 is a promising sign for the market.
Sources: Development Seed, Bao Da Nang, Invest Da Nang, Vietnam Briefing
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6) Hoa Vang District is gaining attention for its eco-friendly real estate projects and rural retreats
Hoa Vang District is turning into a prime spot for eco-friendly real estate and rural retreats.
With a hefty investment in ecological urban areas, including the Truoc Dong Lake villa project, the district is pouring over 4,000 billion VND into green development. This substantial financial commitment highlights a strong dedication to sustainable growth. The district is also making strides in infrastructure by clearing land, which paves the way for businesses to jump into eco-friendly projects.
Urban dwellers are increasingly drawn to rural retreats, and Hoa Vang is catching their eye with major investments like Sun Group's VNĐ40 trillion eco-tourism and vacation project. This growing interest is amplified by media buzz, showcasing the district's potential for ecotourism and sustainable living. High-tech agriculture is also on the rise here, with a focus on clean vegetables and safe agricultural products, perfectly aligning with the eco-friendly movement.
Adding to its allure, Hoa Vang's expansive forest areas are ripe for eco-tourism services and healthcare centers. This natural bounty makes the district a magnet for sustainable investment, offering a unique blend of nature and innovation.
Sources: Vietnam.vn, Stockbiz.vn, Vietnam.vn
7) Hoa Cuong Bac Ward is attracting interest with its mixed-use developments and closeness to major transport hubs
Hoa Cuong Bac Ward in Da Nang is becoming a hot spot for property buyers.
One reason for this surge is its strategic location and the ambitious development plans in place. The area has seen a noticeable rise in property prices, reflecting its growing appeal and investment potential. This trend is backed by the Master Plan of Da Nang city, approved in 2023, which aims to transform Da Nang into a regional-scale international financial center. This transformation is likely to boost property values in desirable areas like Hoa Cuong Bac Ward.
Another key factor is the increase in mixed-use development projects. These projects, which blend residential, commercial, and cultural elements, are becoming more common and successful in urban areas. Da Nang's Master Plan emphasizes the development of high-quality service centers, including mixed-use projects, aligning with the city's vision for a knowledge-based economy.
Proximity to major transportation hubs, such as Da Nang International Airport and major highways, also plays a crucial role in the area's popularity. The Master Plan aims to enhance connectivity by developing infrastructure that links the city with growth poles and major cities in the region, making Hoa Cuong Bac Ward an attractive location for residents and businesses.
For those considering a move or investment, the convenience of transportation and the promise of future growth make this area particularly appealing. The ongoing development projects are not just about building structures; they are about creating a vibrant community that offers a blend of living, working, and leisure spaces.
As Da Nang continues to evolve, Hoa Cuong Bac Ward stands out as a prime example of how strategic planning and location can drive property demand. The area's transformation is a testament to the city's commitment to becoming a major player on the international stage.
Sources: Luật Việt Nam, Montgomery Planning
8) An Thuong Tourist Area is thriving with short-term rental demand from its tourist popularity
The An Thuong Tourist Area is buzzing with short-term rental opportunities thanks to its rising fame among tourists.
In 2024, Da Nang welcomed 2.5 million international visitors in just seven months, a remarkable 34.7% increase from the previous year. This influx of tourists has likely boosted the occupancy rates of short-term rentals in An Thuong, making it a hot spot for property investors.
There's a noticeable trend in Da Nang for short-term rentals that offer unique amenities and can host large groups. This suggests a growing demand for more listings in popular areas like An Thuong. Properties here, especially those with premium rates, have shown resilience, maintaining their revenue levels, which hints that An Thuong could command higher average daily rates compared to other areas.
Da Nang has ambitious plans to attract 11.9 million tourists by 2025, including 4.8 million international visitors. This expected growth in tourist numbers supports the idea that An Thuong is experiencing increased demand for short-term rentals. Its proximity to popular tourist attractions and beaches, like My Khe Beach, makes it an attractive location for tourists, further boosting its appeal.
Investors are eyeing An Thuong not just for its current popularity but also for its potential. The area's strategic location near key attractions and its vibrant atmosphere make it a prime spot for short-term rental investments. As more tourists flock to Da Nang, the demand for accommodations in An Thuong is likely to rise, offering lucrative opportunities for property owners.
Sources: Travel and Tour World, Beyond Pricing, VCRE
We made this infographic to show you how property prices in Vietnam compare to other big cities across the region. It breaks down the average price per square meter in city centers, so you can see how cities stack up. It’s an easy way to spot where you might get the best value for your money. We hope you like it.
9) Cam Le District is gaining interest for its proximity to the city center and new residential developments
Cam Le District is booming thanks to its prime spot near the city center and a wave of new housing projects.
With property prices climbing, the demand and investment in Cam Le are on the rise. In 2024, the Da Nang real estate market saw a surge in property deals, hinting that Cam Le is part of this positive trend.
New residential projects are popping up all over the district. The Da Nang Department of Construction has given the green light to several housing projects, like the Han River Tourist Service Area and Apartment Complex, aiming to boost Cam Le's appeal as part of a larger urban development plan.
Infrastructure upgrades are a big deal here. The city's planning, including the Han River subdivision project, is all about making Cam Le more connected and cutting down travel times to the city center, which is a win for both residents and businesses.
Government investments in infrastructure, like the Han River subdivision, are set to draw more people and businesses to Cam Le. This project is packed with amenities and services, enhancing the quality of life and fueling the district's growth.
Sources: Vietnam Briefing, Bao Da Nang
10) Ngu Hanh Son District is gaining attention for its high-end resort development potential along the coastline
Ngu Hanh Son District is a hot spot for high-end resort developments along the coastline.
Property values in the district have been climbing, showing its growing appeal to investors. This rise is due to its strategic location and the increasing demand for luxury resorts. The area is buzzing with new luxury resort projects, either announced or under construction, aimed at international tourists.
Existing high-end resorts are enjoying high occupancy rates, a clear sign of strong demand for luxury stays. Tourists rave about their experiences, boosting the district's reputation as a prime luxury tourism destination. The local government sweetens the deal with incentives like tax breaks, making it easier for investors to jump in.
Ngu Hanh Son District's location is a big draw, being close to popular spots like Marble Mountain and My Khe Beach. This proximity gives tourists easy access to attractions, adding to the district's charm for luxury resort developments.
Investors are particularly interested in the district because of its potential for high returns. The combination of strategic location, government incentives, and tourist attractions makes it a prime investment opportunity.
With the district's growing reputation and strategic advantages, it's no wonder that luxury tourism is booming here. The future looks bright for Ngu Hanh Son District as a top destination for high-end resorts.
Sources: Travel and Tour World, Travel and Tour World, Vietnam Briefing
11) Thanh Khe District is attracting investors with its vibrant markets and strong potential for property appreciation
Thanh Khe District in Da Nang is a magnet for investors for several compelling reasons.
Property prices are a big draw. Back in 2024, the service sector, including real estate, saw significant growth, hinting that property prices were climbing. With Da Nang aiming for high economic growth by 2025, prices are likely to rise even more.
There's also a growing demand for both residential and commercial properties. In 2024, consumer spending in Da Nang increased, indicating that more people are eager to buy or rent in Thanh Khe. This is a promising sign for investors eyeing the real estate market.
Infrastructure development is another key factor. Da Nang is working on major projects like the Lien Chieu port and upgrades to the international airport. These projects will boost the district's livability and attractiveness, making it even more appealing to investors.
The city also plans to develop new trade and urban eco-areas, which will further enhance the district's infrastructure and appeal. This focus on development is a clear signal that Thanh Khe is poised for growth.
Sources: VnEconomy, VietnamPlus
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12) Thuan Phuoc Ward is gaining interest for its waterfront developments and luxury condos
Thuan Phuoc Ward is quickly becoming a hotspot for waterfront developments and luxury condos.
Property values are on the rise, signaling its growing allure. The Thuan Phuoc New Urban Area Project, with a hefty investment of nearly 11.5 billion VND, underscores the substantial interest in this region. Such investments often lead to increased property values, making it a magnet for developers and investors.
There's a buzz around new waterfront infrastructure projects. Plans include townhouses, villas, apartment buildings, a 6-star luxury hotel, and high-rise commercial complexes. These ambitious projects highlight the area's potential for luxury living and a commitment to enhancing its waterfront charm.
Demand for high-end real estate in Da Nang is growing, fueled by both local and international buyers. This trend suggests that Thuan Phuoc Ward is becoming a prime choice for those seeking luxury living options in vibrant, well-developed locales.
Insider knowledge reveals that the area's development is not just about buildings; it's about creating a lifestyle. The mix of residential and commercial spaces aims to offer a comprehensive living experience, attracting a diverse range of buyers.
As more people look for upscale living in dynamic areas, Thuan Phuoc Ward's appeal is set to grow. The combination of strategic investments and a focus on luxury makes it a desirable location for future developments.
Sources: Vietnam.vn, Hawaii.gov, Hawaii Living
While this article provides thoughtful analysis and insights based on credible and carefully selected sources, it is not, and should never be considered, financial advice. We put significant effort into researching, aggregating, and analyzing data to present you with an informed perspective. However, every analysis reflects subjective choices, such as the selection of sources and methodologies, and no single piece can encompass the full complexity of the market. Always conduct your own research, seek professional advice, and make decisions based on your own judgment. Any financial risks or losses remain your responsibility.