Latest news with #SkyADDevelopments
CairoScene
31-07-2025
- 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
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) (
