Aqar Exit Launches in Egypt to Help Distressed Property Buyers
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New Egyptian platform Aqar Exit connects property buyers facing financial difficulty with new buyers at existing contract prices, attracting over 15,000 users in its first week.
Aqar Exit has launched operations in Egypt's real estate market, aiming to help customers facing difficulties meeting property-related financial obligations exit their units and recover amounts already paid.
The platform connects distressed customers with new buyers at existing contract prices, offering sellers an exit option while providing buyers access to properties under the same contractual terms.
Mahmoud Ammar, Founder and CEO of Aqar Exit, said the platform attracted more than 15,000 users in its first week, including over 11,000 buyers and more than 3,600 sellers. Property listings have surpassed 3,300 units, with more than half already receiving purchase requests, and listed units carry a combined market value of around EGP 60bn since launch.
Ammar said the idea emerged after identifying customers who had purchased units through instalment plans but later faced financial difficulties. The platform aims to provide these customers with an exit route without adding an 'overprice' to units or charging sellers any commission, while buyers take over contracts signed at earlier prices instead of purchasing comparable units at 2026 market levels.
Aqar Exit charges a commission only to buyers, with fees below those typically applied in the resale market. Sellers must be the actual unit owners, and the platform reviews contract documents and verifies ownership, instalment amounts and payments made before listing units.
Ammar said the figures recorded during the first week revealed a significant volume of units tied to older contracts, suggesting the issue extends beyond individual cases and highlighting a need for an organised mechanism to exit remaining property commitments.