Risk Disclosure

Last updated: 22 August 2026

Investing in real estate involves substantial risk, including the risk of losing some or all of the money you invest. You should only invest amounts you can afford to lose. This Risk Disclosure summarizes key risks of investing through the Assukna platform (the “Platform”, operated by Assukna Real Estate Lebanon SARL). It is not exhaustive, and it is not investment advice. Please read it carefully and seek independent professional advice before investing.

1. Risk of loss of capital

The value of property can fall as well as rise. You may receive back less than you invested, and in adverse circumstances you may lose your entire investment. Past performance is not a reliable indicator of future results.

2. No guaranteed returns

Any expected yields, target returns, or projections shown on the Platform are estimates based on assumptions that may not be realized. Rental income and distributions are not guaranteed and may be reduced, delayed, suspended, or stop entirely.

3. Illiquidity

Real-estate investments are illiquid. There may be no secondary market for your fractional interest, and you may be unable to sell or exit your investment quickly, at a fair price, or at all. You should expect to hold your investment for the full intended term. Our Investment Term, Exit & Liquidity policy sets out exactly what does and does not exist today: no secondary market, no exit window, and no buy-back.

4. Market and economic risk

Property values and rental demand are affected by economic conditions, interest rates, inflation, local supply and demand, regulatory and tax changes, currency movements, and geopolitical events in the markets where the properties are located (which may include Lebanon, the UAE, Cyprus, and other jurisdictions).

5. Currency risk

Investments, income, and the underlying assets may be denominated in, or exposed to, currencies different from your home currency. Exchange-rate movements can reduce the value of your investment and any returns.

5a. Lebanese banking, currency and transfer risk

This is the most material country-specific risk of investing through Assukna, and it has no equivalent on platforms operating in stable banking systems. Lebanon has been through a banking crisis since 2019. Its effects are ongoing and directly relevant to your money.

Restrictions on withdrawal and transfer. Lebanese banks have for years applied informal restrictions on withdrawals and on transfers abroad, without a formal capital-control law. These restrictions can change without notice and are not something we can predict, prevent, or override.
Not all dollars are the same. The Lebanese banking system distinguishes between freshly transferred foreign currency and pre-crisis deposits, which have not been repayable at face value. Money held in Lebanon may not be worth its nominal amount, and may not be freely movable.
Funds held with the company are exposed to this. Money you deposit sits with our payment processors and then in the company’s bank accounts. To the extent those accounts are with Lebanese banks, your money is exposed to the condition of the Lebanese banking system — including the risk that a bank restricts access to, or fails to return, funds held with it. There is no deposit insurance protecting these balances, and investor funds are not held by an independent third party on your behalf. Read this together with our Trust & Legal Centre.
Getting money out may be slower, costlier, or blocked. Distributions and returns of capital depend on our ability to move money out of Lebanon to you. Correspondent banks may decline or delay transfers to or from Lebanon, and de-risking by international banks affects Lebanese counterparties generally.
Currency. Alongside the general currency risk in section 5, the Lebanese pound has lost the great majority of its value against the US dollar, and multiple exchange rates have applied at different times for different purposes, including for official fees, taxes, and property registration.
Property registration and enforcement. Land Registry operations, notarial services, and the courts have been affected by strikes, staffing shortages, and administrative disruption. Registering a purchase, a sale, or a transfer of an interest can take materially longer than in a functioning system, and enforcing a right through the Lebanese courts can be slow and uncertain.
Wider country risk. Lebanon is exposed to political instability, periods of armed conflict, and interruption of electricity, fuel, and other basic services. Each of these can affect a property’s value, its ability to be let, the cost of running it, and the timing of anything we can do about it.

6. Property-specific risk

Individual properties carry risks including vacancy, tenant default, damage, unexpected maintenance or capital costs, construction or development delays, valuation uncertainty, title or legal issues, and uninsured events.

Cost overrun is the risk most likely to reduce your return. A project budget is an estimate. Because the profit is the difference between two much larger numbers, an overrun reduces profit far more than proportionately: on a project costing $500,000 and expected to sell for $640,000, spending $21,000 more than budgeted removes roughly 17% of the profit, not 4%. Projects may be listed without a contingency reserve. Where a project has no reserve, an overrun is absorbed entirely by profit — yours and ours — and the project page states whether a reserve exists.

6A. Risks specific to farming and agricultural projects

A farming project is an operating business, not a property holding. Its results vary season by season, and a distribution is not a rate of interest.

Any target return is a target, not a rate. Where we describe a target of, for example, 6–9% a year, that is what the project is designed to produce in a normal season. A weak season may produce a fraction of it, and a bad season may produce nothing at all. Each farming project page shows the full range of season outcomes, including the outcome in which investors receive nothing.
Biological risk. Disease, mortality in livestock, pests, crop failure, extreme weather, and contamination can reduce or eliminate a season’s output, and can destroy the productive assets themselves.
Input and market prices. Feed, fuel, water, veterinary care, and labour costs may rise; the price the produce sells for may fall. Either compresses or eliminates profit.
Reinvestment before distribution. A reserve for replacing livestock or equipment is taken out of profit before anything is distributed. This protects the project’s future but reduces what is paid out in any given season.
Land contributed by a participant. Where the project operates on land contributed in kind rather than owned, the value attributed to that land determines the contributor’s share of profit. It is set by an independent valuer, but a valuation is an opinion and may prove wrong.

6B. Risks specific to early-stage company investments

Investing in early-stage companies is materially riskier than any property project on this Platform, and behaves differently.

Most early-stage companies fail completely. Returns in this category typically come from a small number of companies in a basket, while the majority return nothing. For that reason we list these investments only as a basket of several companies, never as a single company.
Total loss is a realistic outcome, including for a whole basket.
There is no market for your holding. These are unlisted private companies. You should expect no way to sell and no distribution for five to ten years, and possibly ever.
Dilution. Later funding rounds can reduce the percentage the project holds in a company, and therefore your share of any eventual proceeds.

6C. Funding, and what happens if a raise fails

No project begins until it is fully funded, within a deadline of no more than six months stated on the project page. If the deadline passes without the target being met, the raise fails and your committed amount returns to your wallet in full, with no charge. You receive no interest or compensation for the period your money was committed, and the opportunity you committed to will not proceed.

Committed money is not available to you while a raise is open. Between committing and either the project funding or the deadline passing, you cannot use or withdraw that amount.

6D. How Assukna is paid, and where our interests differ from yours

Our profit share is 20% of a project’s profit and is nil when there is no profit. Our platform fee, however, is earned when the project is funded, before any outcome is known. If a project loses money, you bear that loss and we retain the fee. The fee is disclosed in the cost breakdown on every project page and in our Fee Schedule before you commit.

Because the fee is a percentage of the amount raised, a larger raise earns us more. Section 17 of our Terms of Service sets out how we manage that conflict.

7. Concentration risk

Committing a large share of your funds to a single Deal, location, or asset class increases your exposure to that specific risk. Diversification does not guarantee a profit or protect against loss.

8. Platform and operational risk

Your investment depends on the continued operation of the Platform and its service providers. Operational failures, insolvency of a counterparty, technology or security incidents, or interruption of services could affect your investment, the timing of distributions, or your ability to access your account.

9. Liquidity of your wallet balance

Funds held in your Platform wallet are not bank deposits and are not insured as bank deposits. Withdrawals are subject to verification and processing times.

10. Tax

The tax treatment of your investment depends on your individual circumstances and may change. You are responsible for understanding and meeting your own tax obligations and should consult a tax adviser.

11. Regulatory risk

The legal and regulatory framework for property investment and online investment platforms varies by jurisdiction and may change. Such changes could affect the availability, structure, value, or returns of your investment.

Assukna Real Estate Lebanon SARL is registered with the Beirut Commercial Register but is not licensed or supervised by any financial regulator. It does not hold a banking, securities, investment-services, fund-management or crowdfunding licence in Lebanon or elsewhere, and its registered corporate object expressly excludes financial works and services. Consequently there is no regulator supervising the Platform, no statutory investor-compensation scheme covering your investment, and no deposit guarantee. You should also satisfy yourself that investing through the Platform is permitted under the law of your own country of residence, which may restrict or prohibit participation in offerings of this kind. Our full regulatory position is set out in the Trust & Legal Centre.

12. Your acknowledgement

By investing through the Platform, you confirm that you have read and understood this Risk Disclosure, that you understand you could lose your invested capital, and that you are making your own independent decision to invest.