Major Projects in Egypt by Sky AD Developments:
1. Residence Eight – New Administrative Capital (District R8)
Land area: ~23 acres in the Diplomatic District, R8, central location near Green River, Open Club & embassies.
Unit mix: ~1,000 apartments and duplexes from ~110 m² (2 beds) up to 360 m² penthouses; garden units start from ~150 m².
Greenspace: 82% of land is dedicated to landscaping, lakes, promenades.
Sale performance: Sold out to the tune of EGP 1.95 bn in under a year—full launch sold (~100% units).
Payment options: Down‑payment from 5–10%, installments up to 10 years; flexible plans (e.g. 5% plus equal instalments for 8 years, up to 10 years interest‑free).
Delivery target: Q3 2025–early 2026, some sources note December 2025; others December 2028 or 2024 depending on phase.
Facilities and Lifestyle:
Clubhouse with spa, gym, cinema, library
Multiple pools (adult, kids, infinity), sports courts, jogging & promenade
Retail & dining strip ("Capital Avenue"), smart management, underground parking, 24/7 security.
2. Capital Avenue – Mixed‑Use District, New Capital (also in R8)
Size: Over 21,000 m² mixed-use development with retail, offices, clinics, serviced apartments and F&B units.
Award: Winner of African Property Award 2022 as one of the top mixed-use commercial projects in the region.
Payment & delivery: 11% down payment with up to 8‑year instalments; first units due Q3 2025.
Integration: Acts as the retail and lifestyle spine for Residence Eight residents and wider NAC community.
3. Bluetree – New Cairo Residential Development
Site: ~50 feddan (~50 acres) in Golden Square, New Cairo. Low density (19% built-up).
Units: ~1,300 residential, commercial & administrative units.
Sales momentum: Over EGP 2 bn sold in first six months after launch; won African Property Award 2023 in "Residential Projects Over 20 Units".
Payment: 5% down, 8‑year installment plan; Delivery expected around 2027.
Strategic Overview
Project Location Land Size Project Type Sales Volume Delivery Timeline Payment Plan Awards Residence Eight NAC District R8~23 acres Apartments & Duplexes~EGP 1.95 bn (100% sold)Q3 2025–2026 (some sources say later)5–10% DP, up to 10 yrs install.—Capital Avenue NAC District R8~21,000 m² Mixed‑use (offices/retail)Part of R8 development From Q3 2025 11% DP, 8 yrs installment African Property Award 2022 Bluetree New Cairo (Golden Square)~50 acres Mixed (residential/commercial)
Why Sky AD Stands Out in Egypt:
Rapid execution: Achieved full sell-out of flagship project within a year during their market debut.
Strong investment backing: Committed ~EGP 15 bn across projects including Residence Eight, Capital Avenue and Bluetree.
Recognition: Two flagship awards from African Property Awards (2022 for Capital Avenue, 2023 for Bluetree).
Integrated design vision: Blends green spaces, retail, smart infrastructure and community-centric planning into all developments.
Additional Notes:
Completeness of delivery dates: Multiple sources quote different delivery targets (2025, 2026, 2028); best to verify specific phases with sales representatives.
Affordability context: NAC homes—including Sky AD's units—are often cited as expensive relative to average local incomes, with median apartment pricing in the 3–10 million EGP range.
