Latest news with #DiamondGroup
Daily News Egypt
15-07-2025
- Business
- Daily News Egypt
Sky AD. Developments launches EGP 80bn Sky North project in Ras El Hekma
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.
Zawya
15-07-2025
- Business
- Zawya
Egypt's Sky AD launches $1.62bln ‘Sky North' project in Ras El Hekma
Sky AD Developments, a subsidiary of UAE-based Diamond Group, has launched a new mixed-use coastal project, Sky North, in Ras El Hekma on Egypt's North Coast, with a total investment of 80 billion Egyptian pounds ($1.62 billion), the company's CEO AbdelRahman Agamy told Zawya Projects. The development spans 430 acres and will include a five-star hotel, residential units, retail zones, and a 50-acre Crystal Lagoon, Agamy said. The project will be implemented in five phases, with full delivery expected within four years. The company is targeting EGP 240 billion ($4.9 billion) in total sales revenues from the project. 'We are also planning a new development in West Cairo in the coming period,' Agamy added, without disclosing further details. Sky AD has invested EGP 99 billion ($2 billion) since 2021 and maintains a diverse portfolio of projects across the Ras El Hekma, New Administrative Capital and New Cairo. Key developments include Residence Eight, Capital Avenue, One Residence, and the Bluetree residential and commercial project in New Cairo's Golden Square. (1 US Dollar = 49.41 Egyptian Pounds) (Reporting by Eman Hamed; Additional reporting by Marwa Abo Al Majd; Editing by Anoop Menon) (
Business Standard
01-07-2025
- Business
- Business Standard
Not Just a Flat--A Forever View: CROWN at Aquaview, Brings the Best Vistas in Kolkata to Life
PNN Kolkata (West Bengal) [India], July 1: In a city where skylines rise and fall with time, one landmark dares to promise what no other can: a view that will never change. Welcome to CROWN at Aquaview, Kolkata's newest statement in luxury living--rising from the heart of Mahishbathan, flanked by Sector V, Newtown, and the East Kolkata Wetlands. What sets it apart isn't just the high design or sky-high amenities--it's the fact that residents here will own the only permanently protected view in the city. "This is generational luxury," says Suhel Saraf, Managing Director, Sugam Homes. "CROWN offers the kind of view no one else can build over, ever. That's its biggest asset--and its legacy." A First for the City. A Benchmark for the East. CROWN brings to Kolkata an experience that's both futuristic and grounded in nature. - The Sky Promenade -- A dramatic skywalk across four towers at the 30th floor, with an infinity pool and lounges that open to the skyline. - Tree-Top Walk -- A serene, elevated walkway nestled in greenery--the first of its kind in the city. - Viewing decks, rooftop fitness, and quiet zones -- all designed to lift your daily life quite literally above the ordinary. "We didn't want to just add height--we wanted to add meaning," says Shreyans Kajaria, Managing Director, Diamond Group. "Every space at CROWN is meant to create perspective, both visual and personal." Location Meets Legacy Positioned at the city's most valuable convergence point--Mahishbathan--CROWN offers seamless access to major tech, commercial, and retail zones. Yet it feels untouched, surrounded by blue wetlands and open greens that are legally protected for generations to come. Whether you're searching for a luxury 3, 4, or 5 BHK apartment in Newtown or Sector V, or just looking to escape the city without leaving it--CROWN strikes the balance. Green by Design. CROWN is IGBC Gold pre-certified, marking it as one of Kolkata's most environmentally progressive developments. Sustainability isn't a feature here--it's a foundation: - Solar integration & EV charging points - Water conservation & organic waste systems - Low-VOC paints & energy-efficient lighting This is real estate built to last, with lower lifetime costs and a cleaner environmental footprint. Amenities for All. Designed for You. Luxury means different things at different stages of life--and CROWN delivers across generations: - Children's adventure areas & creche-ready zones - Senior wellness courts & meditation gardens - Barbeque decks, rooftop cafes, and a private Sky Club "Everyone deserves their own corner of joy," says Shrey Agarwal, Managing Director, Purti Realty. "At CROWN, that's not a promise--it's planned." Only 528 Homes. And Just One CROWN. With only 528 residences, each one with expansive views of either the wetlands or lush central lawns, CROWN isn't a project--it's a signature. Spacious 3, 4, and 5 BHK homes with thoughtful layouts, premium finishes, and balconies that open to a view you'll never have to give up. To know more visit
Time of India
13-06-2025
- Business
- Time of India
10 more cases registered over Al-Muqtadir gold fraud
T'puram: Fort police registered 10 more cases related to the gold fraud involving Al-Muqtadir Gold and Diamond Group, adding several agents, salesmen and managers as accused in the case. Tired of too many ads? go ad free now With the new cases registered, the total number of cases over the fraud rose to 18. Fort police said hundreds of people filed cases for being cheated by offers of gold at a discounted rate and without making charges. Several others were offered a profit share if gold was deposited at the jewellery. The complaints pertain to the branch of the jewellery at Pazhavangadi and there are cases against several branches across the state. "This could be one of the biggest frauds ever reported in the city as several people are coming up with complaints each day. We are registering cases on all complaints swiftly and the probe now is focused on collecting maximum evidence," police said. Meanwhile, police added the manager of the jewellery, Noufal, salesmen Jesim, Unais and Shemeer, and agents Ashraf and Sabaad as accused in the case. The owner of the group, Muhammed Mansoor Abdulsalam, was already added as an accused by Fort police days ago. The cases are registered under multiple sections of BNS and IPC. "After being canvassed by an agent named Unais, I deposited 292g of gold at the jewellery store on Jan 1, 2024, for 11 months. They offered me gold at the existing price during maturity. The price of gold went high during this period and I was supposed to get 364g. But in Jan, there was a raid at the shop and they could not keep their promise. After they crossed several deadlines, I approached police," said Shamla, 52, of Chithara. Tired of too many ads? go ad free now Laija N, 48, of Chirayinkeezhu, deposited 92g of gold in 2023 for a monthly income of Rs 9,000 to 12,000 based on the value of the gold in the market. "I got the promised profit clearly in the first investment and the gold was returned after 11 months. I signed a new pact by depositing 109g of gold in June 2024, but I did not get any profit and the deposited gold," Laija said.
Zawya
02-06-2025
- Business
- Zawya
Egypt's Sky AD to develop 430-acre residential project in Ras El Hekma
Sky AD, a subsidiary of the UAE's Diamond Group, has announced plans to develop a 430-acre plot in Ras El Hekma City on Egypt's North Coast. The project, part of the company's broader strategy to double its investments in Egypt, will be an integrated residential and hospitality development in collaboration with a major partner and will target total sales of around EGP 240 billion ($4.8 billion), said AbdelRahman Agamy, CEO of Sky AD. The press statement didn't disclose project timelines, cost and partner details. Sky AD has been active in Egypt since 2021 and maintains a diverse portfolio of projects across the New Administrative Capital and New Cairo. Key developments include Residence Eight, Capital Avenue, One Residence, and the Bluetree residential and commercial project in New Cairo's Golden Square. Diamond Group holds a total investment portfolio of $1 billion and has delivered more than 17 projects in the UAE, including residential, commercial, educational, and healthcare facilities in Abu Dhabi and Al Ain. (1 US Dollar = 49.69 Egyptian Pounds) (Writing by Eman Hamed; Editing by Anoop Menon) (
