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.
He added that units currently listed on the platform have a combined market value of around EGP 60bn since launch. Buyers therefore benefit from taking over contracts signed at earlier prices instead of purchasing comparable units at 2026 market levels.
Ammar noted that the idea for the platform emerged after identifying cases of customers who had purchased units through instalment plans but later faced financial difficulties that prevented them from meeting payment obligations.
The platform aims to provide these customers with an exit route that allows them to recover amounts already paid, without adding an “overprice” to units or charging sellers any commission. Aqar Exit charges a commission only to buyers, with fees below those typically applied in the resale market. Units are listed based on existing contract terms, while remaining instalments and transfer procedures are completed in accordance with contractual requirements set by each developer.
Ammar emphasized that Aqar Exit does not rely on brokers or real estate marketers to list properties. Sellers must be the actual unit owners, while the platform reviews contract documents and verifies ownership, instalment amounts, and payments made before listing units for buyers.
He clarified that the platform does not seek to affect developers’ prices for newly launched properties. Instead, it deals with existing contracts and provides an exit mechanism for customers unable to meet financial obligations.
He added: “We launched Aqar Exit primarily to support distressed property buyers, not to create a new market or compete with developers. However, 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 highlights a clear need for an organized mechanism to exit remaining property commitments.”
