Aqar Exit lists units worth EGP 72.2bn in first index of Egypt's off-plan assignment market
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Egypt's Aqar Exit platform recorded 9,839 assignment files and units worth an estimated EGP 72.2 billion in its first 28 days, with lower-priced properties drawing the strongest buyer demand.
Egypt's Aqar Exit platform has published its first market index, showing that units with an estimated market value of EGP 72.2 billion were listed or under review within 28 days of launch, compared with an original contract value of EGP 53.6 billion.
Data from the platform's first 28 days showed that 9,839 assignment files were opened, involving 7,225 individual sellers, with a total of 5,045 units listed or under review. The platform recorded 31,992 purchase requests from 17,268 buyers, while listed units generated 684,134 views.
Mahmoud Ammar, founder and CEO of Aqar Exit, said the index responds to the growing need for accurate and reliable data as transactions involving existing property contracts increase. He added that Aqar Exit will issue regular reports based on verified platform data to provide decision-makers and market participants with a reliable reference.
Demand was concentrated in lower-priced units, with properties valued at below EGP 3 million averaging 9.5 purchase requests per unit, compared with 1.6 for properties valued at above EGP 20 million. Buyers had median available cash liquidity of around EGP 1 million. The median time to receive a first purchase request was 14.6 hours, with 69.1 percent of units receiving their first request within 48 hours.
The report found that 88.1 percent of cases with available contract-age data occurred within the first two years, while 20.7 percent of cases with payment-status information involved sellers reporting overdue instalments. Ammar described this period as the "Second-Year Pressure Point", when buyers' ability to sustain instalment payments becomes clearer.
The report identified around EGP 16 billion in unrealised gains among units offered for assignment, highlighting the gap between paper gains and actual liquidity needs. Ammar concluded that the index does not indicate a real estate market crisis or assess individual developers or projects, but rather provides an objective reading of platform data and tracks the emergence of a measurable secondary market for existing property contracts.