In order to continue business as usual, one measure companies have been taking is transferring their conferences and other such events to be completely virtual.
One such is Aqarmap, an online real estate marketplace giant in Egypt, which has recently announced that its upcoming Online Expo has been sold out.
Online Expo offers consumers to book off-plan units online by paying a fully refundable $100 fee. The expo is in four days and is the fourth annual Online Expo to date. The event lasts for just three hours, and within that time slot, sees tens of thousands of customers. Promoting the campaign for the Online Expo product is famous Egyptian TV anchor, Sherin Hamdy.
Amad Almsaodi, CEO and Founder of Aqarmap stated:
“We are thrilled by the pent up demand for Online Expos by Real Estate Developers in Egypt. We typically take several weeks to sell out; however, this time given the current market challenges and the need for contactless buying solutions, our Online Expo product was perfectly positioned to provide an effective solution for Developers and Consumers alike.”
Aqarmap offers a technology stack specifically for the Online Expos that offers an industry-leading transactional marketplace model.
Mohamed Abdou, the Marketing Director of Aqarmap explained that Aqarmap looks to be at the helm when it comes to innovating business models in emerging real estate markets.
“...Every portal is looking into ways to get into the transaction and we have succeeded at capturing the transactions completely online on our portal while engaging our client agents in the process and sharing the success fees with them. Our model works well in new properties, and we are working on a new product that targets resale properties.”
Egypt isn’t the only lucky country offering a virtual real estate expo. eBay Classifieds company Vivanuncios recently held one of its own that received raving reviews, showing that these kinds of events can still thrive in a world rapidly shifting towards touchless transactions.