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Developer History: Sky AD Developments

Sky AD Developments is the high-profile real estate arm of the Emirati Diamond Group, owned by H.E. Saleh Mohammed Bin Nasra Al Ameri, a former UAE Ambassador. With over 20 years of regional experience, the group has a massive footprint in Abu Dhabi and Al Ain, including schools, hospitals, and luxury towers like the Saraya and Dana Towers.

• Market Entry (2021): Sky AD entered Egypt with a massive EGP 15 billion investment plan, becoming the first UAE-backed developer to break ground in the New Administrative Capital.
• Reliability Milestone (2026): As of January 4, 2026, Sky AD officially began Phase One deliveries for Residence 8—delivering approximately 350 units on schedule, a significant feat that has solidified their reputation for transparency and construction speed in the Egyptian market.
• Key Portfolio:
• Residence 8 (New Capital): Their flagship residential launch in R8.
• Capital Avenue (New Capital): A premium commercial strip overlooking the Green River.
• Bluetree (New Cairo): A boutique, 50-acre luxury compound in the Golden Square, currently in its early construction phases.
• Sky North (Ras El Hekma): Launched in 2025 at KM 246, this is their massive EGP 80 billion entry into the North Coast market.

Project Details: Residence 8 (New Capital)

Residence 8 is a 23-acre premium compound in the R8 District. The project is designed by the award-winning Yasser Al-Beltagy (YBA), the same architect behind the iconic Alamein Towers.

• Smart Design: The master plan utilizes V-shaped building clusters to ensure that 100% of the units have an open view of either the central park or the water features.
• Unit Diversity & Sizes:
• 2-Bedroom Apartments: 110 $m^2$ to 115 $m^2$.
• 3-Bedroom Apartments: 150 $m^2$ to 195 $m^2$.
• Duplexes: From 200 $m^2$ up to 360 $m^2$.
• Construction Status (2026): The project is partially delivered. While Phase 1 handovers started in early 2026, subsequent phases are on track for completion through 2027-2028. Units are typically delivered semi-finished to allow for personal customization.

Project Location

Residence 8 is located in Plot L4 of the R8 District, which is considered the most prestigious residential sector in the New Capital due to its proximity to the Diplomatic Quarter.

• Immediate Connectivity:
• Directly on the Bin Zayed Axis, the main "spine" of the city.
• Walking distance to the Green River and the Diplomatic District.
• 3 minutes from the Governmental District and the Financial Hub.
• 5 minutes from the New Capital Cathedral and the Regional Ring Road.

Facilities & Amenities

The compound is designed as a "Self-Sustaining Green Sanctuary":

• The 400m Promenade: A dedicated pedestrian artery for jogging and cycling, completely isolated from car traffic.
• Commercial Excellence: Includes Capital Avenue, a 15,000 $m^2$ commercial plaza featuring international retail brands, cafés, and administrative offices.
• Leisure: A high-tech Clubhouse, crystal lagoons that weave through the buildings, and a 20-meter infinity pool.
• Family Focus: Pocket parks with meditation corners, BBQ zones, and safe, sun-shaded kids' play areas.
• Infrastructure: 24/7 smart security with CCTV, professional facility management by Sky AD’s specialized arm, and extensive underground parking.
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