Sky AD Developments, part of the UAE-based Diamond Group, announced the signing of an agreement with Seven Consumer Finance, a subsidiary of Beltone Holding and regulated by the Financial Regulatory Authority, to provide flexible financing solutions to cover unit finishing costs for the company’s clients. The partnership, aligned with Egypt’s Consumer Finance Law No. 18 of 2020 and its executive regulations, will commence with the Residence 8 project in the New Capital, coinciding with preparations for the first phase handovers, Invest-Gate reports.
The collaboration represents a strategic step to support clients by offering financing that covers finishing costs in full, with competitive annual interest rates and flexible repayment plans of up to five years. Sky AD Developments will execute the finishing works to ensure high-quality standards, while Seven will provide financing solutions tailored to clients’ needs.
Residence 8 is a flagship residential project strategically located in R8 District of the New Capital, near major thoroughfares and essential services. The project offers modern design units without interior finishing, giving clients full freedom to customize their homes. To ensure high-quality finishes, Sky AD Developments provides a fully finished model within the project as a reference for the standards offered. By partnering with Seven, clients can finance the finishing works instead of paying the full amount upfront, reflecting Sky AD Developments’ commitment to delivering an innovative, seamless living experience under its motto, “Brighter Life Now.”
Eng. Abdel Rahman Agami, CEO and Managing Director of Diamond Group and Sky AD Developments, said, “The partnership with Seven Consumer Finance represents a long-term strategic step to enable clients to move into their homes with ease and at the highest quality standards.” He added that the timing of the partnership coincides with the first phase handovers of Residence 8, motivating the company to offer innovative solutions that allow clients to complete their units according to their needs and maximize their living space from day one.
Agami emphasized, “The importance of this partnership goes beyond financing; it embodies Sky AD’s vision to provide a comprehensive residential experience that prioritizes clients’ needs, from handover to finishing to moving in.”
Eng. Omar ElFiky, CEO of Seven, added, “This collaboration with Sky AD aims to enhance value for our clients through flexible, innovative financing solutions that facilitate their home finishing journey. Seven is proud to offer an integrated financing system meeting clients’ aspirations for a more comfortable, distinguished lifestyle via a wide network of trusted partners and fast digital procedures.”
Seven’s expertise in flexible financial solutions allows clients to plan their homes without financial pressure, while the partnership aims to provide a supportive lifestyle, including special offers and financing for education fees, furniture, and other needs.
Sky AD Developments maintains a strong, diverse project portfolio across North Coast, East Cairo, the New Capital, and planned expansions in West Cairo. The company combines prime locations, innovative design, high-quality execution, and integrated services in collaboration with global partners.
This agreement marks the beginning of a long-term strategic partnership between Sky AD Developments and Seven Consumer Finance, extending beyond Residence 8 to future projects, establishing a sustainable model that enriches the customer experience and reinforces both companies’ market leadership in Egypt.