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DNO - Da Nang’s economy recorded a notable upswing in late 2025, with the real estate sector emerging as one of the strongest contributors to the city’s service industries.
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According to newly released data from the Da Nang Statistics Office, November saw continued expansion across most segments of the “other services” category, reflecting steady domestic demand and a broad-based recovery.
Sectors such as education and training, arts and entertainment, healthcare, administrative support and miscellaneous services all reported positive performance.
However, real estate remained the most dynamic component, reinforcing its status as a key driver of service growth.
In November alone, final-consumption revenue from real estate services reached an estimated US$70 million, up 2.4% from October and 40.1% year-on-year.
Officials attributed this momentum to an increasing number of projects that have met legal requirements for capital mobilization and sales, thereby expanding supply across apartments, shophouses and large mixed-use developments.
Major projects along the city’s riverside areas, central districts and emerging urban zones continued to attract strong interest, with several large-scale developments becoming focal points for new investment.
Total revenue from the broader “other services” group reached roughly US$184 million in November, growing 1.9% month-on-month and 25.8% compared with the same period in 2024.
For the first 11 months of 2025, total revenue from the “other services” category amounted to around USD 1.95 billion, marking a significant 42.1% increase year-on-year.
Real estate stood out as the sector with the largest revenue scale, generating more than US$ 734 million, up 91.8% from the same period last year. The data highlights a rapid rebound in Da Nang’s property market after a period of subdued activity.
Analysts note that improved legal frameworks, more transparent project approvals and rising investor confidence have supported the sector’s strong performance.
As Da Nang accelerates its smart-city ambitions, expands urban development and invests heavily in transport links, the real estate market is expected to remain a key pillar of the city’s economic outlook heading into 2026.