Dava Developments

What Dava Developments does

Dava Developments Ltd. is a privately held real estate development company incorporated in British Columbia, Canada, founded in 1979 by Dr. David Chung, Ph.D. The company develops residential and commercial real estate across the Lower Mainland of British Columbia, with a primary focus on the City of Richmond and a growing footprint in Vancouver, Surrey, New Westminster, Delta, and Burnaby. Its residential product line spans low-rise and high-rise condominiums, townhomes, master-planned communities, and purpose-built rental homes, marketed under branded names including Parc Portofino, Parc Thompson, Parc Capstan, Parc Patterson, Parc 28, and The Gladstone.

The company's revenue model rests on three streams: (1) one-time proceeds from the development and sale of residential units (condos, townhomes, single-family homes), (2) one-time proceeds from commercial, industrial, and retail developments and sales, and (3) recurring rental income from a real estate investment portfolio comprising retail plazas, industrial buildings, and multifamily assets held in Greater Vancouver, with emphasis on Richmond. Sales are executed through a direct-to-consumer motion via a Presentation Centre in Richmond and project-specific websites with online registration portals; no third-party broker channel is referenced.

The firm has historically developed over 150 retail, commercial, and industrial offices and warehouse complexes, and currently holds a visible pipeline of more than 290 residential units across active and pre-launch projects (80 units at Parc Portofino, 120 units across three phases at Parc Thompson, 92 rental homes plus 6 CRU at The Gladstone, plus four coming-soon projects with unit counts not yet released). There is no proprietary technology stack, no AI/ML capability disclosed, no mobile applications, and no external partnerships or institutional capital referenced. Operating geographies, ownership (privately held under founder control), and management structure (founder-led with limited disclosed executive bench beyond a named sales contact, Angela Leung) are all consistent with a closely-held, founder-driven regional developer.

Name

Dava Developments

Legal name

Dava Developments Ltd.

Website

https://davadevelopments.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

1–10 employees

Short description

Dava Developments Ltd. is a privately held, founder-led real estate developer founded in 1979, developing residential condominiums, townhomes, purpose-built rentals, and commercial properties across Greater Vancouver with primary emphasis on Richmond, British Columbia.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Land Subdivision (23721), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (23611)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532), Real Estate Operators (No Developers) & Lessors (6510)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industries

New Construction & Builder Sales (BPAJAAAB), Residential General Contracting (New Build) (IMAFAAAB)

Keywords

• Residential real estate development
• Commercial property development
• Multifamily housing construction
• Condominium development
• Real estate investment portfolio

Headquarters

HQ city

Richmond

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Residential Real Estate Development: Development and sale of residential properties including condominiums, townhomes, and single-family homes. Revenue is generated through property sales at project completion or pre-sales.
2. Commercial Real Estate Development: Development of commercial, industrial, and retail office spaces and warehouse complexes. Generates revenue through property sales and leases.
3. Real Estate Investment Portfolio: Ongoing rental income from retail plazas, industrial buildings, and multifamily investment properties held within the company portfolio.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Dava Developments is a Greater Vancouver real estate developer that builds and sells multifamily residential projects — including condominiums, townhomes, and rental homes — primarily under its 'Parc' brand in Richmond, Vancouver, Surrey and New Westminster. The company also develops commercial, industrial, and retail properties, and holds a growing investment portfolio of retail plazas, industrial buildings, and multifamily assets generating rental income.

Product overview

Dava Developments is a real estate development company offering a portfolio of residential and commercial real estate products across Greater Vancouver. The company develops multifamily projects including condominiums, townhomes, and master-planned communities under branded names such as Parc Portofino, Parc Thompson, Parc Capstan, Parc Patterson, Parc 28, and The Gladstone. Beyond development, the company maintains a real estate investment portfolio encompassing retail plazas, industrial properties, and multifamily projects, and has historically developed over 150 commercial and industrial complexes.

Differentiator

Problem solved

Functional benefit

Products and services

• Parc Portofino Riverfront 2-storey condos and townhomes located in North Richmond at 10333 River Drive. 80 units currently selling for individual homebuyers seeking new construction in Greater Vancouver.
• Parc Thompson Suburban townhome community in East Richmond at 4300 Thompson Road. Comprises 120 units across three phases; Phase 1 and Phase 2 sold out, Phase 3 registration open for townhome buyers.
• The Gladstone Rental homes with ground floor retail at 4589 Gladstone Street, Vancouver. 92 rental homes and 6 commercial retail units (CRU) under construction; Dava Developments serves as part of the investment team and the development manager, overseeing construction of the project.
• Commercial & Industrial Development Portfolio Development of commercial, industrial, and retail offices and warehouse complexes. Over 150 such properties have been developed in Richmond, Delta, Surrey and Burnaby, sold or leased to commercial tenants.
• Real Estate Investment Portfolio Growing investment portfolio of retail plazas, industrial properties, and multifamily projects throughout Greater Vancouver, with major emphasis on Richmond, generating ongoing rental income.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators5 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Bosa Properties: BC-focused developer of for-sale residential towers and master-planned communities across Metro Vancouver. Comparable to Dava on for-sale high-rise and mid-rise residential product in overlapping Richmond/Vancouver submarkets.
• PCI Developments: Vancouver-based commercial, industrial, and residential developer with project pipeline across Greater Vancouver. Comparable to Dava on commercial and industrial development, mixed-use product, and Lower Mainland focus.
• Wesgroup Properties: Lower Mainland-based developer of residential, commercial, industrial and mixed-use properties with strong focus on purpose-built rental. Comparable to Dava on for-sale residential, mixed-use and rental development in Greater Vancouver geography.
• Cressey Development Group: Long-established Vancouver residential developer with active for-sale condo and townhome projects across Greater Vancouver, including Richmond-area projects. Direct comparability on for-sale multifamily development in the same regional market as Dava.
• Anthem Properties: Vancouver-based developer of master-planned residential communities, mixed-use projects, and commercial properties across Metro Vancouver and Western Canada. Directly comparable to Dava on for-sale residential and mixed-use development in the same core geography.
• Beedie Development Group: BC-based industrial and residential developer with deep Lower Mainland presence, including industrial parks, residential master-planned communities and rental projects. Comparable to Dava on industrial development track record and Greater Vancouver residential pipeline.
• Polygon Homes: One of British Columbia's largest residential developers, building condos and townhomes throughout the Lower Mainland and Vancouver Island. Directly comparable to Dava as a for-sale multifamily developer targeting Greater Vancouver homebuyers with a similar multi-project pipeline model.
• Intracorp Homes: BC-focused residential developer building for-sale condos and townhomes throughout Greater Vancouver. Comparable to Dava on mid-rise and high-rise for-sale product targeting similar buyer segments in Richmond and Vancouver.

Broad incumbents

• Onni Group: Vancouver-based diversified real estate company developing for-sale residential, purpose-built rental, commercial and industrial across Greater Vancouver and other North American cities. Overlaps with Dava on multifamily for-sale and rental pipeline in the same Lower Mainland geography.
• Concord Pacific: Canada's largest master-planned community developer, with major presence in Metro Vancouver including downtown Vancouver, Richmond and Burnaby. Comparable as a large-scale for-sale residential developer in the same geography, but at materially greater scale and broader portfolio than Dava.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dava Developments