SKY AD. Developments Unveils its Third Project, Bluetree in New Cairo with EGP 8bn in Investments

SKY AD. Developments, the subsidiary of Diamond Group, has launched its latest prominent project, Bluetree, located in the last remaining distinctive plot in the heart of New Cairo, the Golden Square with total investments worth EGP8bn. Spanning over 50 acres, the mixed-use project includes residential, commercial, and administrative units offering luxurious and sustainable living space.

The launch of Bluetree followed two years of SKY AD.’s commencement in the Egyptian real estate market; as part of the company's expansion plan regionally and globally following its monumental success in the UAE’s market, and swiftly enhancing consumer confidence by leveraging its reputation as a developer that utilizes high standards in establishing integrated luxurious projects.

The announcement came during a press conference held on 22 February where the company’s top executives were present, most prominently H.E Saleh Mohammed Bin Nasra, Owner of Diamond Group, Eng. Abdel Rahman Agami, CEO of Diamond Group and SKY AD. Developments; Mr. Mostafa Salah, CCO of SKY AD. Developments; and journalists and media representatives,

The newly announced Blue Tree project aligns with SKY AD. Developments’ strategy to provide integrated urban projects with state-of-the-art smart systems and innovative designs, enhancing the local real estate market with modern and diverse options, the project comes in line with Egypt's strategic national plan for urban development 2052.
Bluetree’s strategic location in a prestigious area in the Golden Square in New Cairo, ensures proximity to the major axes and roads. The project is located nearby the American University in Cairo (AUC), Cairo International Airport, Al Ahly Sports Club, Heliopolis, the Ring Road, and only a few minutes away from the New Administrative Capital.

Encouraging an active and healthy lifestyle, 81% of the project will be developed on wide-open spaces to provide eco-friendly and sustainable experiences, preserve the climate and rationalize natural resources consumption. Moreover, the project includes a clubhouse, central garden, kids’ area, and cycling tracks for practicing various sports, entertainment, social, and artistic activities besides a wide range of smart services.

Bluetree offers a comfortable avant-garde living experience where all its buildings are constructed on a ground-floor and four floors with various units, with the building area representing only 19% of the total space of the project.
Blue Tree provides a luxurious yet cozy living experience through approximately 1,300 units, varying between luxury and duplex apartments varying between 115 to 300 square meters.

SKY AD. Developments have partnered with JZMK company, one of the world’s largest architecture and design firms to provide a distinctive design using the latest sustainable technology solution. The construction work is set to begin in 2023 and the first phase is to be delivered in 2027.


SKY AD. Developments wins bt100 award for Leading Investment performance for a real estate developer in NAC for 2020

The bt100 Awards Ceremony honored SKY AD. Developments as “Leading Investment performance for a real estate developer in NAC for...... Read more

SKY AD. Developments signs a cooperation protocol with FAB for mortgage loans covering up to 85% of unit value

SKY AD. Developments has signed a cooperation protocol with First Abu Dhabi Bank (FAB) to provide mortgage finance to customers....... Read more


Mohammed Abdel Wahab, the Executive Director of the Egyptian Authority for Investment and Free Zones (GAFI), met with H.E Saleh...... Read more