Perfect Real Estate Development Unveils NINETY 90 Project in New Obour City with Initial Investments of EGP 400 Million
Perfect Real Estate Development has officially launched its latest mixed-use project, NINETY 90, in New Obour City, featuring commercial, administrative, and medical units designed to meet the growing demand of surrounding residential communities. The project spans a land area of 2,400 square meters, with a total built-up area of 3,800 square meters, backed by initial investments of EGP 400 million.
Strategically located in one of the fastest-growing new urban areas, the NINETY 90 project is set to serve more than 7,000 families living in nearby communities. This large consumer base is expected to boost the commercial performance of the mall and enhance its long-term market potential.
Alaa Zeinhom, Chairman of Perfect Real Estate Development, confirmed that the project has already attracted strong customer demand since its launch, reflecting growing confidence in New Obour City’s real estate market. He noted that the company is preparing to announce a series of new commercial developments in the coming months, reinforcing its position as a key player in Egypt’s retail and mixed-use development landscape.
Khaled Ayad, CEO of Perfect Real Estate Development, highlighted the rising importance of real estate investment in new cities, stating that New Obour City is rapidly evolving into a prime hub for leading investors and developers. He attributed this growth to the city’s strategic location and the large-scale development projects being implemented by the government to expand urban communities and unlock new investment opportunities.
Ayad emphasized that the company’s strategic reliance on self-financing remains one of its strongest competitive advantages, allowing for rapid construction progress and timely project delivery. This approach, he noted, provides flexibility, financial stability, and high completion rates without the constraints of external financing.
Perfect Real Estate Development plans to complete and deliver the NINETY 90 project by the end of 2027, in parallel with the launch of additional shopping malls as part of its expansion strategy. The company aims to deliver high-quality, value-driven developments that contribute to the economic growth of new urban communities and strengthen their investment appeal.