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If you're a foreigner thinking about buying an apartment in Davao City, you're probably wondering what prices really look like on the ground in early 2026.
This guide breaks down actual asking prices, closing costs, ongoing expenses, and neighborhood differences so you can plan your budget with confidence.
We constantly update this blog post to reflect the latest market data and trends in Davao City's real estate market.
And if you're planning to buy a property in this place, you may want to download our pack covering the real estate market in Davao City.
Insights
- The median asking price for apartments in Davao City sits around ₱160,000 per square meter in January 2026, which is noticeably lower than Metro Manila's prime areas.
- Foreigners can legally own condominium units in Davao City under the Condominium Act, but they cannot own land directly, making condos the practical purchase route.
- Davao City's property tax feels surprisingly low because it's calculated on assessed value, not market price, often resulting in annual taxes under ₱25,000 for a mid-range unit.
- The price gap between budget areas like Buhangin at ₱55,000 per square meter and prime zones like Lanang at ₱290,000 per square meter is more than five times wider.
- Electricity in Davao City costs around ₱9.70 per kilowatt-hour in early 2026, making air conditioning the biggest variable in your monthly utility budget.
- Buyer closing costs in Davao City typically range from 3.5% to 5.5% of the purchase price for cash transactions, with mortgages pushing that up to 8%.
- New-build apartments in Davao City command a premium of roughly 15% to 30% over resale units when comparing similar locations and quality levels.
- HOA fees in Davao City condominiums typically run between ₱80 and ₱160 per square meter monthly, so a 30 square meter unit costs around ₱2,400 to ₱4,800 per month.
- The Lanang and Azuela Cove areas show the strongest price pressure in early 2026, with premium waterfront projects pushing ₱290,000 per square meter.
How much do apartments really cost in Davao City in 2026?
What's the average and median apartment price in Davao City in 2026?
As of January 2026, the median asking price for apartments in Davao City is approximately ₱160,000 per square meter (around $2,760 USD or €2,580 EUR), while the average asking price runs slightly higher at ₱165,000 to ₱170,000 per square meter ($2,850 to $2,930 USD or €2,660 to €2,740 EUR).
These figures translate to a typical price range of ₱105,000 to ₱185,000 per square meter ($1,810 to $3,190 USD or €1,690 to €2,980 EUR) for most standard apartments in Davao City, with premium towers and waterfront locations pushing into the ₱220,000 to ₱290,000 per square meter range.
For a common one-bedroom apartment of 28 to 40 square meters, this means realistic asking prices fall between ₱4.0 million and ₱7.0 million ($69,000 to $121,000 USD or €64,500 to €113,000 EUR) for mid-market units, with prime buildings reaching ₱12.0 million or more.
How much is a studio apartment in Davao City in 2026?
As of January 2026, a typical studio apartment in Davao City costs between ₱2.9 million and ₱3.8 million ($50,000 to $65,500 USD or €46,800 to €61,300 EUR) for mid-market units in decent locations.
Entry-level and budget studio apartments in Davao City start around ₱1.5 million to ₱2.8 million ($25,900 to $48,300 USD or €24,200 to €45,200 EUR), often in outer areas or with special deal structures, while high-end studios in prime buildings can reach ₱4.0 million to ₱6.0 million ($69,000 to $103,500 USD or €64,500 to €96,800 EUR).
Studio apartments in Davao City typically measure between 20 and 25 square meters, which is fairly standard for this unit type in Philippine condominium developments.
How much is a one-bedroom apartment in Davao City in 2026?
As of January 2026, a typical one-bedroom apartment in Davao City costs between ₱4.5 million and ₱7.5 million ($77,600 to $129,300 USD or €72,600 to €121,000 EUR) for standard mid-market units.
Budget one-bedroom apartments in Davao City start around ₱3.2 million to ₱4.5 million ($55,200 to $77,600 USD or €51,600 to €72,600 EUR) in older or less central buildings, while prime one-bedroom units in top towers reach ₱8.0 million to ₱12.0 million ($138,000 to $207,000 USD or €129,000 to €193,500 EUR).
One-bedroom apartments in Davao City typically range from 26 to 40 square meters, and the live listing data shows examples like a 26.5 square meter unit at ₱4.875 million and a 37 square meter unit at ₱3.875 million, demonstrating how building and location significantly affect pricing.
How much is a two-bedroom apartment in Davao City in 2026?
As of January 2026, a typical two-bedroom apartment in Davao City costs between ₱6.0 million and ₱10.5 million ($103,500 to $181,000 USD or €96,800 to €169,400 EUR) for standard mid-market units.
Budget two-bedroom apartments in Davao City, often compact layouts or in non-prime locations, start around ₱3.5 million to ₱6.0 million ($60,300 to $103,500 USD or €56,500 to €96,800 EUR), while premium two-bedroom units in central towers range from ₱10.5 million to ₱18.0 million ($181,000 to $310,300 USD or €169,400 to €290,300 EUR).
By the way, you will find much more detailed price ranges for apartments in our property pack covering the property market in Davao City.
How much is a three-bedroom apartment in Davao City in 2026?
As of January 2026, a typical family three-bedroom apartment in Davao City costs between ₱12 million and ₱25 million ($207,000 to $431,000 USD or €193,500 to €403,200 EUR) for standard layouts of 80 to 120 square meters.
Entry-level three-bedroom apartments in Davao City can start around ₱12 million ($207,000 USD or €193,500 EUR), while luxury three-bedroom units and signature residential suites reach ₱25 million to ₱45 million or more ($431,000 to $776,000 USD or €403,200 to €725,800 EUR).
Three-bedroom apartments in Davao City vary widely in size, with family units typically spanning 80 to 120 square meters and luxury suites exceeding 150 square meters, as seen in listings showing a 181 square meter unit priced around ₱42.36 million.
What's the price gap between new and resale apartments in Davao City in 2026?
As of January 2026, new-build apartments in Davao City typically cost 15% to 30% more per square meter than comparable resale units in similar locations and quality tiers.
New-build apartments in Davao City, often sold by developers with structured payment plans, show asking prices around ₱133,000 to ₱141,000 per square meter ($2,290 to $2,430 USD or €2,145 to €2,275 EUR) in mid-market projects like the Maldives Oasis development.
Resale apartments in Davao City's non-prime areas cluster closer to ₱104,000 to ₱110,000 per square meter ($1,790 to $1,900 USD or €1,680 to €1,775 EUR), though premium resale units in sought-after buildings can exceed ₱220,000 per square meter.
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Can I afford to buy in Davao City in 2026?
What's the typical total budget (all-in) to buy an apartment in Davao City in 2026?
As of January 2026, a typical all-in budget for a mid-market one-bedroom apartment in Davao City at ₱5.5 million purchase price comes to approximately ₱5.75 million to ₱5.95 million ($99,100 to $102,600 USD or €92,700 to €96,000 EUR) including all buyer costs.
Beyond the purchase price in Davao City, buyers should budget for closing costs of 3.5% to 5.5% of the price, which covers documentary stamp tax, local transfer tax, registration fees, and notarial costs, plus an additional ₱50,000 to ₱150,000 ($860 to $2,590 USD or €810 to €2,420 EUR) for move-in expenses like basic furnishing, deposits, and initial HOA dues.
We go deeper and try to understand what costs can be avoided or minimized (and how) in our Davao City property pack.
You can also read our dedicated blog article to understand what you can at different budget levels in Davao City.
What down payment is typical to buy in Davao City in 2026?
As of January 2026, the typical down payment for apartment purchases in Davao City is around 20% of the purchase price, which for a ₱5.5 million unit means approximately ₱1.1 million ($19,000 USD or €17,700 EUR).
Most banks in the Philippines require a minimum down payment of 20% for residential mortgages, though developer preselling arrangements sometimes offer 10% to 20% spread across a payment schedule before loan takeover.
For foreign buyers in Davao City, planning for a higher cash portion of 30% to 50% or more is often prudent, since local bank financing can be restrictive depending on residency status, income documentation, and individual bank policies.
You can also read our latest update about mortgage and interest rates in The Philippines.
We made this infographic to show you how property prices in the Philippines 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.
Which neighborhoods are cheapest or priciest in Davao City in 2026?
How much does the price per m² for apartments vary by neighborhood in Davao City in 2026?
As of January 2026, apartment prices in Davao City range from approximately ₱55,000 per square meter ($950 USD or €890 EUR) in budget areas to ₱290,000 per square meter ($5,000 USD or €4,680 EUR) in premium waterfront locations, representing more than a five-fold difference.
The most affordable neighborhoods in Davao City include Buhangin at roughly ₱55,000 to ₱110,000 per square meter ($950 to $1,900 USD or €890 to €1,775 EUR) and Sasa near the airport at around ₱100,000 to ₱115,000 per square meter ($1,720 to $1,980 USD or €1,610 to €1,855 EUR).
The most expensive neighborhoods in Davao City are Lanang and the Azuela Cove waterfront area, where prime towers command ₱220,000 to ₱290,000 per square meter ($3,790 to $5,000 USD or €3,550 to €4,680 EUR), along with central Barangay 20-B locations.
By the way, we've written a blog article detailing what are the current best areas to invest in property in Davao City.
What neighborhoods are best for first-time buyers on a budget in Davao City in 2026?
As of January 2026, the top three neighborhoods best suited for first-time buyers on a budget in Davao City are Buhangin, Sasa, and parts of Ma-A, where you can still find reasonable prices without taking on excessive risk.
In these budget-friendly Davao City neighborhoods, typical apartment prices range from ₱1.5 million to ₱4.5 million ($25,900 to $77,600 USD or €24,200 to €72,600 EUR) for studios and one-bedroom units.
These areas offer good value because Buhangin has larger supply and more options, Sasa provides convenient airport proximity, and Ma-A has newer developments at competitive prices.
The main trade-off of buying in these Davao City neighborhoods is that you're typically farther from the prime CBD and commercial centers, which may mean longer commutes and fewer nearby amenities compared to central locations.
Which neighborhoods have the fastest-rising apartment prices in Davao City in 2026?
As of January 2026, the top three neighborhoods with the fastest-rising apartment prices in Davao City are Lanang (including areas near SM Lanang), Azuela Cove, and the Matina to Quimpo Boulevard corridor.
While precise year-over-year percentages are difficult to establish from public data, these Davao City neighborhoods show the strongest price pressure with premium listings consistently clustering at the top of the market, suggesting appreciation rates above the city average.
The main driver behind rapid price growth in these Davao City neighborhoods is the concentration of new commercial districts, large mixed-use township developments, and premium waterfront projects that attract both local and foreign buyer demand.
You can also read our latest update about property price forecasts in Davao City.
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What extra costs will I pay on top of the apartment price in Davao City in 2026?
What are all the buyer closing costs when you buy an apartment in Davao City?
For a typical mid-range apartment purchase in Davao City, total buyer closing costs run approximately ₱190,000 to ₱300,000 ($3,280 to $5,170 USD or €3,065 to €4,840 EUR) on a ₱5.5 million unit, representing 3.5% to 5.5% of the purchase price.
The main categories of closing costs buyers must pay in Davao City include documentary stamp tax, local transfer tax, Registry of Deeds registration and annotation fees, notarial fees, and various certified copies and filing charges.
Documentary stamp tax at 1.5% of the purchase price is typically the largest single closing cost expense for buyers in Davao City, often accounting for nearly half of the total closing cost budget.
Some closing costs in Davao City are negotiable between buyer and seller, particularly the split of who pays certain taxes in practice versus who is legally liable, so it's smart to clarify the allocation before signing any agreements.
On average, how much are buyer closing costs as a percentage of the purchase price for an apartment in Davao City?
Buyers in Davao City should typically budget around 4% to 5% of the purchase price for closing costs in a standard cash transaction, which is a safe middle-ground estimate for planning purposes.
The realistic low-to-high range for buyer closing costs in Davao City spans from 3.5% for straightforward cash purchases with minimal documentation to 8% when including mortgage-related fees, bank processing charges, required insurance, and additional loan documentation.
We actually cover all these costs and strategies to minimize them in our pack about the real estate market in Davao City.
We did some research and made this infographic to help you quickly compare rental yields of the major cities in the Philippines versus those in neighboring countries. It provides a clear view of how this country positions itself as a real estate investment destination, which might interest you if you’re planning to invest there.
What are the ongoing monthly and yearly costs of an apartment in Davao City in 2026?
What are typical HOA fees in Davao City right now?
HOA fees are common and expected for condominium living in Davao City, with typical monthly dues ranging from ₱80 to ₱160 per square meter ($1.40 to $2.75 USD or €1.30 to €2.60 EUR per square meter), which means a 30 square meter one-bedroom unit costs approximately ₱2,400 to ₱4,800 per month ($41 to $83 USD or €39 to €77 EUR).
In Davao City, basic condominium buildings charge dues at the lower end around ₱80 per square meter, while premium buildings with more amenities, better security, and higher service levels charge ₱160 to ₱250 per square meter monthly, potentially reaching ₱7,500 per month or more for a 30 square meter unit.
What utilities should I budget monthly in Davao City right now?
The estimated total monthly utility cost for a typical one-bedroom apartment in Davao City is approximately ₱3,500 to ₱6,500 ($60 to $112 USD or €56 to €105 EUR) for a single person or couple, covering electricity, water, and internet before HOA fees.
Monthly utility costs in Davao City can range from around ₱2,500 ($43 USD or €40 EUR) for minimal usage in a small unit to ₱8,000 or more ($138 USD or €129 EUR) for larger apartments with heavy air conditioning use.
The typical monthly utility budget in Davao City includes electricity from Davao Light at around ₱9.71 per kilowatt-hour, water from DCWD at approximately ₱300 to ₱800 per month, and internet service at ₱1,500 to ₱2,500 per month depending on your plan.
Electricity is by far the most expensive utility for apartment owners in Davao City, especially if you use air conditioning regularly, as heavy AC users consuming over 300 kilowatt-hours monthly can see electricity bills exceeding ₱2,900.
How much is property tax on apartments in Davao City?
The estimated typical annual property tax for a mid-range apartment in Davao City is approximately ₱15,000 to ₱30,000 ($260 to $520 USD or €240 to €485 EUR), though this depends heavily on your unit's assessed value.
Property tax in Davao City is calculated at 2.5% of the assessed value (1.5% basic real property tax plus 1.0% Special Education Fund), not the market price or purchase price, which is why annual tax amounts are often much lower than buyers initially expect.
The realistic range of annual property tax in Davao City spans from around ₱10,000 ($172 USD or €161 EUR) for smaller, lower-assessed units to ₱50,000 or more ($862 USD or €806 EUR) for premium high-value condominiums, payable quarterly or annually per the city schedule.
If you want to go into more details, we also have a blog article detailing all the property taxes and fees in Davao City.
What's the yearly building maintenance cost in Davao City?
The estimated typical yearly building maintenance cost for apartment owners in Davao City is approximately ₱30,000 to ₱60,000 ($520 to $1,035 USD or €485 to €970 EUR) for a unit valued around ₱6 million, representing roughly 0.5% to 1.0% of the property value averaged over time.
Yearly maintenance costs in Davao City can range from ₱15,000 ($260 USD or €240 EUR) for newer buildings with minimal repairs needed to ₱100,000 or more ($1,720 USD or €1,610 EUR) for older buildings requiring more frequent fixes and upgrades.
Unit-level maintenance expenses in Davao City typically include air conditioning servicing, plumbing repairs, repainting, appliance replacement, and minor fixes that are your responsibility as the owner.
In Davao City condominiums, building maintenance is separate from HOA fees, as the HOA covers common areas, security, elevators, and shared amenities, while you're responsible for everything inside your unit.
How much does home insurance cost in Davao City?
The estimated typical annual home insurance cost for an apartment in Davao City is approximately ₱3,000 to ₱12,000 ($52 to $207 USD or €48 to €194 EUR) for standard contents and basic perils coverage.
Annual home insurance costs in Davao City range from ₱3,000 ($52 USD or €48 EUR) for basic coverage on a small unit to ₱25,000 or more ($431 USD or €403 EUR) for higher coverage limits and comprehensive catastrophe riders on valuable properties.
Home insurance is not legally mandatory for apartment owners in Davao City, but it's strongly recommended, and if you have a mortgage, your lender will typically require you to maintain coverage as a loan condition.
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What sources have we used to write this blog article?
Whether it's in our blog articles or the market analyses included in our property pack about Davao City, we always rely on the strongest methodology we can … and we don't throw out numbers at random.
We also aim to be fully transparent, so below we've listed the authoritative sources we used, and explained how we used them and the methods behind our estimates.
| Source | Why It's Authoritative | How We Used It |
|---|---|---|
| Dot Property Philippines | Major property portal with verified listings showing real asking prices and unit sizes. | We extracted current Davao City condo listings with explicit price and square meter data. We used these to establish early 2026 market pricing by neighborhood and unit type. |
| Panay News (BSP RPPI Coverage) | Reports official BSP property price index updates for national trend context. | We used it as a pointer to BSP trend direction and timing. We did not rely on it alone for Davao pricing but used it to validate market conditions. |
| IMF Technical Report on Philippines RPPI | Top-tier international institution validating Philippine property statistics methodology. | We used it to confirm that Philippines official index work follows sound statistical methods. We used it to justify relying on BSP trend data as a credible macro cross-check. |
| Republic Act 4726 (Condominium Act) | Primary legal text defining condominium ownership rights in the Philippines. | We used it to explain what foreigners can legally own in Davao City. We used it to frame the due diligence checklist for apartment purchases. |
| Davao City Real Property Tax Notice (DOF-BLGF) | Official government document citing Davao City's revenue code and applicable tax rates. | We used it to establish actual Davao City property tax rates. We used it to estimate annual tax amounts with example calculations. |
| Edge Davao (Davao Light Rates) | Local news outlet citing Davao Light's official residential electricity rate for December 2025. | We used it to estimate realistic monthly electricity budgets for early 2026. We converted the per-kilowatt-hour rate into peso ranges using typical condo consumption. |
| Davao City Water District (DCWD) | Official water utility provider's website for Davao City service information. | We used it to confirm DCWD is the local water provider. We used it to keep utility budgeting specific to Davao City. |
| DCWD Citizen's Charter | Official DCWD publication explaining their mandate and service scope. | We used it to confirm DCWD's coverage and service types. We used it as a reliability check for water budgeting accuracy. |
| SunStar Davao (DCWD Rate Discussion) | Major local newspaper reporting on specific DCWD rate adjustment discussions in early 2026. | We used it only for timing and direction of water rate changes around January 2026. We used it to widen budget ranges prudently. |
| Land Registration Authority (LRA) | Government authority responsible for land and condominium title registration. | We used it to anchor that registration happens through the LRA system. We used it to structure registration steps in closing cost estimates. |
| BIR Documentary Stamp Tax | Bureau of Internal Revenue's official portal for DST information. | We used it to confirm DST is a national tax and part of closing costs. We used statutory DST rates when estimating buyer expenses. |
| BIR Capital Gains Tax | Bureau of Internal Revenue's official portal for CGT information. | We used it to confirm CGT exists and is administered by BIR. We used it to separate buyer costs from seller costs in transaction analysis. |
| Malayan Insurance Home Protect | Major Philippine insurer offering standard home insurance products. | We used it to confirm condo insurance is widely available from reputable insurers. We used it to set realistic annual premium ranges for Davao City units. |
| Insurance Commission of the Philippines | National insurance regulator publishing official market statistics. | We used it as a credibility check that home insurance is a regulated, legitimate product line. We used it to validate that insurer quotes are meaningful. |
| Colliers Philippines Residential Report | Globally recognized real estate advisory firm with established research practices. | We used it for context on demand patterns outside Metro Manila including Davao City. We did not use it to set specific prices but to validate regional market trends. |
We created this infographic to give you a simple idea of how much it costs to buy property in different parts of the Philippines. As you can see, it breaks down price ranges and property types for popular cities in the country. We hope this makes it easier to explore your options and understand the market.
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