Sky Abu Dhabi Developments, the local subsidiary of Diamond group, announced the latest updates of “Residence Eight” project in the New Administrative Capital, where the company achieved a significant portion of the project’s construction work. Thanks to S2A, Construction Company, efforts in completing a huge volume of the construction work, despite receiving the land a short time ago. Furthermore, The company achieved contractual sales of LE1.7b since the launch of the project which represents 93% of the sales volume of the residential project units in a precedent that is the first of its kind in the real estate sector which reflects the customers’ confidence in Sky Abu Dhabi Developments’ expertise in implementing successful projects, fulfilling the aspirations of customers and its ability to provide a distinctive real estate product that adds to the real estate market.
This came as part of a site visit that was held last week, and witnessed the attendance of Eng. Abdelrahman Agamy, CEO of Diamond Group and Sky Abu Dhabi Developments, Moustafa Salah, CCO of Sky Abu Dhabi Developments, Eng. Ashraf Hamdi, CEO of S2A and prominent economic journalists. The purpose of the visit is to get acquainted with the detailed plan of “Residence Eight”, and to see the construction updates in reality.
Eng. Abdelrahman Agamy, CEO of Diamond Group and Sky Abu Dhabi Developments, said, “Sky Abu Dhabi adopts a vision of building fully fledged integrated urban projects that provide a luxury and high quality of life for the customers. We joined forces with one of the biggest and well-known firms in architectural design to develop a modern design for the compound with the latest technological systems. The company was eager to finalise all the legal documents, get the ministerial decision and resume the licensing process and construction works.” He also praised the role of the Administrative Capital for Urban Development in finalising the required legal documents papers to start working on the project.
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