Alliance World Wide Consortium in Partnership with Administrative Capital for Urban Development
Diamond City
Diamond City is a large-scale mixed-use urban development announced in 2020 within Egypt’s New Capital through a partnership between Alliance World Wide Consortium and the Administrative Capital for Urban Development. The project was announced over approximately 2.5 million square meters of land,…
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Diamond City is a large-scale mixed-use urban development announced in 2020 within Egypt’s New Capital through a partnership between Alliance World Wide Consortium and the Administrative Capital for Urban Development. The project was announced over approximately 2.5 million square meters of land, with planned investment and development areas exceeding four million square meters. Its estimated investment value was reported at approximately EGP 100 billion. The original implementation schedule extended over nearly seven years, although no recent official update confirms the current completion date or the percentage of construction achieved. Diamond City was conceived as an integrated city rather than a conventional residential compound. Its announced master plan combines residential, commercial, administrative, entertainment and service components, supported by landscaped areas and community facilities. Marketing sources refer to apartments, duplexes, penthouses, twin houses, commercial properties and administrative offices. However, no current official brochure verifies the final unit mix, property sizes, number of units or release phases. Alliance World Wide Consortium appointed Hussein Sabbour Consulting Bureau to provide engineering consultancy services during the project’s design and implementation stages. The development is located within the New Capital and was promoted as being connected to major roads, transportation axes and service districts. Nevertheless, a verified plot number, precise coordinates and an official location map are not currently available. Reliable recent information concerning active sales, construction progress, current prices, payment plans, delivery dates and available inventory is also unavailable. Diamond City should therefore be classified as an announced or planned mixed-use development until its current implementation position is confirmed directly through the Administrative Capital for Urban Development or an authorized project representative.
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Alliance World Wide Consortium in Partnership with Administrative Capital for Urban Development
Alliance World Wide Consortium is the investment and development entity that signed a memorandum of understanding with the Administrative Capital for Urban Development in June 2020 to develop Diamond City through a revenue-sharing partnership.…
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Where is Diamond City Compound located?
It is located in the New Administrative Capital near Downtown and the Green River.
Who is the developer of Diamond City?
Al Ahly Sabbour Developments.
What unit types are available?
The project offers residential units with various sizes and layouts.
What is the price per sqm in Diamond City?
The price per sqm starts from approximately EGP 18,000.
What are the unit prices?
Available sources indicate prices starting from approximately EGP 2,800,000, depending on unit size and phase.
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Diamond City
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