SKY AD. Developments, the subsidiary of Diamond Group and one of the leading Emirati real estate developers, achieved a record of EGP 1bn sales through 600 sold residential units in its first flagship project “Residence Eight” in the New Administrative Capital. The project is located in a prime location in the New Administrative Capital in the R8 area, which is surrounded by the Diplomatic Quarter from the west and overlooking 70 acres of green areas from the north, as well as the Green River near the downtown from the south.