Sky AD. Developments launches EGP 80bn Sky North project in Ras El Hekma

Daily News Egypt

5 days ago

Sky AD. Developments, the real estate arm of the UAE-based Diamond Group, has launched Sky North, a major coastal development located at kilometer 246 in the Ras El Hekma area. Spanning 430 feddans, the project comes with a total investment of EGP 80bn, targeting sales of around EGP 240bn.
As the company's fifth project in Egypt, Sky North reflects Sky AD.'s ongoing strategy to diversify its portfolio and expand into high-potential investment areas. Following earlier successes in the New Administrative Capital and New Cairo, this latest development marks a significant move into Egypt's North Coast, in line with national plans to transform Ras El Hekma into a global tourism and investment destination.
Saleh Mohammed Bin Nasra Al Ameri, owner of Diamond Group and Sky AD. Developments, described Sky North as a key milestone in the company's regional growth strategy. He noted that the group's entry into the Egyptian market in 2021 was a deliberate and confident step, driven by strong belief in the long-term potential of the country's real estate sector. He added that Sky North is envisioned as a fully integrated urban and tourism destination aligned with Egypt's broader development goals.
Abdelrahman Agami, CEO and Managing Director of Sky AD. Developments, emphasized the strategic importance of Ras El Hekma, citing its prime location and exceptional natural beauty. He explained that the masterplan was developed in collaboration with WATG London, one of the world's leading architectural firms, with only 13 percent of the total land allocated for buildings. Nearly 80% of the units will offer direct sea views, while the remainder will overlook expansive green spaces and swimmable crystal lagoons.
Sky North will include approximately 5,500 residential units, ranging from standalone villas — including single-story options — to twin houses, townhouses, chalets, and cabins. All villas, twin houses, and townhouses will enjoy uninterrupted sea views. The units will be delivered with high-end finishes and equipped with integrated air conditioning systems.
The project also features a wide array of amenities designed to enhance both residential life and tourism appeal. These include an international hotel to support Egypt's efforts to increase hotel capacity, along with a commercial area hosting global brands and fine dining outlets. Several clubhouses, fully equipped sports facilities, and swimmable crystal lagoons covering 50 feddans will be integrated throughout the development. A beachfront clubhouse, managed by a globally recognized beach operator, will anchor the seaside experience. The beach is scheduled to open in the summer of 2026.
With the launch of Sky North, Sky AD. Developments continues to strengthen its position as one of Egypt's leading real estate players, reaffirming its commitment to creating sustainable, integrated communities that support national development priorities and elevate the standard of living and tourism experiences on the North Coast.