Aqar Exit sells 10% stake for $200,000 at a $2 million valuation
The Egyptian proptech lets buyers take over property purchase contracts at their original prices, and now plans a $5 million round for 2027.
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Aqar Exit has sold a 10% stake to Ayman Mamdouh Abbas for $200,000, a deal that puts the Egyptian proptech company at a valuation of about $2 million, or EGP 100 million. Abbas is executive chairman of Intro Holding Group. Mahmoud Ammar, the company's founder and chairman, disclosed the investment.
The company, set up in July 2026, runs a platform for transferring property purchase contracts. Its users are chiefly buyers who are struggling to keep up with instalment payments and want off a schedule they can no longer carry. Instead of walking away from the unit, a seller lists the contract and passes it to a new buyer. That buyer takes the property at the price written into the original agreement, which means avoiding the extra premium common in Egypt's resale market and known locally as overprice. Sellers use the route to recover sums they have already paid, and they sidestep assignment fees.
The trading record the company reports is EGP 9 billion in closed listings since launch, spread over 638 transactions. One caveat matters here. Aqar Exit counts any listing pulled from its platform as a closed transaction, so the numbers do not necessarily reflect completed property sales or revenue the company has earned.
Activity picked up sharply in the latest reporting period. The platform logged 404 transactions in the most recent reported month, against 233 in the one before.
Demand signals point the same way. Sellers have submitted 14,845 assignment files, coming from 11,833 individuals. Purchase requests on the other side of the platform total 67,013, filed by 32,870 prospective buyers. Average daily purchase requests rose 58% to 1,060, from 671 in the preceding period.
The investment followed an appearance on Shark Tank Egypt, where Aqar Exit pitched its model to the panel during the show's fifth season.
Fresh capital is earmarked for two things: building out additional products and taking the platform into international markets. The Gulf is the first target.
Ammar is also preparing a larger raise. Aqar Exit intends to pursue roughly $5 million in 2027, courting Egyptian and international backers, among them businesspeople and investment funds. That money would go to the same priorities — more products, wider geography — as the company works toward establishing a broader market for contract transfers.
Transfers of this kind have long been an informal corner of the Egyptian property market, arranged between individuals or through brokers with little transparency on price. Putting them on a platform creates a visible record of what a contract is worth before handover, which is useful to both sides of a deal. The model still rests on sellers accepting what they have paid rather than what the unit might fetch today — a gap that widens or narrows with the market.
