AqarMap
Real Estate Search Engine for the Middle East.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
* | $1.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 2 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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AqarMap, an online real estate marketplace headquartered in Egypt, was founded in 2011 by Amad Almsaodi. Almsaodi, an Egyptian-American entrepreneur, leveraged his background in computer engineering and his experience in the United States to launch the platform after identifying a gap in the Egyptian real estate market for a user-friendly, map-based search engine. The company's establishment was driven by the founder's personal frustration when trying to buy a home in Egypt, which highlighted the need for a more transparent and efficient property search process.
The firm operates as a digital hub connecting real estate developers, brokers, and individual sellers with a large audience of prospective buyers and renters across the Middle East and North Africa, with a primary focus on Egypt and Saudi Arabia. AqarMap's business model is centered on generating revenue through subscription fees paid by real estate professionals for listing their properties and through advertising packages that offer enhanced visibility for their projects and listings. This model provides a scalable platform for real estate professionals to reach millions of qualified leads.
The core service is a comprehensive property portal that features advanced search functionalities, allowing users to filter listings by location, price, property type, and other specific criteria. A key feature is its interactive map, which provides a geographical context for property searches. Beyond standard listings, AqarMap offers valuable market insights through its monthly market demand report and an online property valuation tool, which helps users estimate the value of any property in Egypt. In a significant milestone, the company launched the first and largest real estate exhibition in the metaverse in 2022, showcasing projects from leading developers in Egypt and the UAE.
Keywords: real estate marketplace, property portal, Egyptian market, proptech, online listings, real estate data, digital advertising, property valuation, lead generation, MENA real estate