Sky Abu Dhabi, a leading company in the UAE real estate development sector, has announced the launch of its new project "Vallis" in New Cairo, with investments estimated at 20 billion Egyptian pounds. This project is part of the company's strategic vision to expand in the Egyptian market, particularly in East Cairo.
The project spans a total area of 75 acres, in collaboration with Summit Estates for real estate development. "Vallis" is one of the most prominent projects launched by the company this year, featuring architectural designs aimed at providing an exceptional living experience for clients.
Event Details
In statements made, Engineer Abdul Rahman Ajami, CEO of Sky Abu Dhabi, confirmed that the "Vallis" project represents a pivotal milestone in the company's journey. He noted that the project reflects the company's commitment to developing integrated communities that prioritize their clients. He also added that the architectural design of the project focuses on providing a comprehensive experience that includes a prime location and unique design with facilities that meet the needs of clients.
The project features a central green valley that forms the heart of the development, adding a special dimension to the residential experience and quality of life. It is located in a vital area in the heart of the Sixth Settlement, directly connecting to the Middle Ring Road, facilitating access to neighboring areas.
Background & Context
Sky Abu Dhabi for real estate development, which has over 20 years of experience in the UAE market, aims to enhance its presence in the Egyptian market through innovative projects. The company's portfolio includes projects in vital areas such as the North Coast and the New Capital, reflecting its expansion strategy.
The "Vallis" project comes at a time when the Egyptian real estate market is witnessing a notable recovery, with increasing demand for high-quality residential units. The project aims to meet the needs of various families by offering a diverse range of residential units.
Impact & Consequences
The "Vallis" project is expected to contribute to boosting the local economy by providing new job opportunities and stimulating economic activity in the region. Additionally, the project will help improve the quality of life for residents by providing integrated facilities and services.
The project plan allocates 80% of its area for residential activities and 20% for commercial activities, reflecting a comprehensive vision for developing integrated communities. The project includes between 1800 to 1850 residential units, enhancing the available housing options in the area.
Regional Significance
The "Vallis" project serves as a model in the field of real estate development in the region, combining modern design with attention to environmental details. This project reflects contemporary trends in developing residential communities that focus on quality of life.
Real estate companies in the region are striving to offer projects that align with the growing needs of residents, contributing to enhancing social and economic stability. The success of the "Vallis" project may encourage further investments in the Egyptian real estate sector.