Aqarmap has established a new trend in the Egyptian Real Estate industry. The concept it once pioneered in 2018 is now becoming a common phenomenon in Egypt, with several technology and property companies launching their own version of the online property expo concept. Aqarmap’s flagship Online Expo however remains the most popular, and the only one that supports actual booking of properties using credit cards.
On July 9th, Aqarmap held its 6th Online Expo, with participation from a selection of the most prestigious developers in Egypt including: SODIC, ORA Developers, Palm Hills, Iwan, & 12 other leading developers. The Expo was also supported by a massive 360 promotional campaign featuring the company’s latest TV ad that highlights the value of the Expo. In addition, Aqarmap signed up famous TV anchor and Social Influencer Shereen Hamdy to lead the event’s promotional campaign.
Amad Almsaodi, CEO and Founder of Aqarmap stated: “The results of our last Expo were above our expectation by all means, 70% of all bookings were from outside Egypt, primarily from Egyptian Expats with a few bookings from Non-Egyptian investors. We had a huge number of bookings from Expats living in Saudi Arabia, USA, France, Germany, UAE, Qatar, Kuwait, and Morocco. Clearly, our adoption rate is expanding and we are not serving the innovators and early adopters anymore.”
Aqarmap Expos are typically 3 hours long, and consumers pay a fully refundable $100 booking fee to secure some of the most exclusive deals and discounts in the market. Aqarmap charges the Real Estate Developers a success fee once contracts are signed and executed. Aqarmap was established in 2011, it has more than 2.5 million consumers registered in its database, and it has helped sell more than 12,000 properties in 2020, worth more than $700 million.