Latest news with #SkyAD
CairoScene
17 hours ago
- Business
- CairoScene
Sky AD Developments Expands Into Ras El Hekma With Sky North
Sky AD Developments Expands Into Ras El Hekma With Sky North Sky Abu Dhabi launches Sky North at Kilo 246, Ras El Hekma—ushering in a new wave of luxury coastal living in Egypt. Sky AD, one of the region's most dynamic real estate developers, is expanding its footprint on Egypt's North Coast with the reveal of Sky North, a new coastal destination located at Kilo 246 in Ras El Hekma. The project was officially announced at one of the year's largest real estate press conferences in Cairo, marking a major milestone in the company's portfolio in Egypt. Building on Sky AD's robust portfolio in Abu Dhabi and Egypt, the company is now expanding into Ras El Hekma with its newest development, Sky North. Spanning 430 acres and backed by a total investment of EGP 80 billion, the development reflects a bold vision for integrated coastal living. Its masterplan was designed in collaboration with the WATG London Office, a globally renowned architecture and planning firm. Sky AD will deliver 5,500 fully finished homes, with 80% of units offering panoramic sea views, and the remainder facing crystal lagoons and landscaped green spaces. The development will also include a world-class hotel, several design-led clubhouses, a retail promenade with fine dining, sports facilities, and a beach clubhouse operated by a leading global beach management company. Among its standout features are 200,000 square metres of swimmable crystal lagoons, designed to enhance the project's holistic lifestyle approach. More than a beachfront community, Sky North positions itself as a blueprint for the next generation of luxury destinations in Ras El Hekma, combining flow, function, and future-ready living. As Egypt's North Coast continues to evolve, Sky North signals Sky AD's commitment to shaping elevated, globally competitive destinations that reflect the rising expectations of discerning residents and investors alike.
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) (
