Sharjah Real Estate Exhibition "Acres" Launches on January 22nd
Sharjah, January 8 / WAM / The Sharjah Chamber of Commerce and Industry and the Emirate’s Real Estate Registration Department announced that the Sharjah Real Estate Exhibition “ACRES”, whose activities will be held under the patronage of His Highness Sheikh Sultan bin Mohammed bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, during the period from 22 to 25 This January, at the Expo Center Sharjah, this year will witness a tournament that is the largest in its history, with record participation by more than 110 exhibitors from major real estate development and investment companies. The most important real estate developers from the emirates of the country and the region, in addition to participants joining the exhibition for the first time.
This came during a press conference held today at the headquarters of the Sharjah Chamber, in the presence of His Excellency Mohammed Ahmed Amin Al Awadi, Director General of the Chamber, His Excellency Abdul Aziz Rashid Al Saleh, Director of the Real Estate Registration Department, and Saeed Ghanem Al Suwaidi, Chairman of the Real Estate Sector Working Group in the Chamber and Chairman of the Organizing Committee of the Exhibition, His Excellency Salem Ali Al Ghaithi, Director of the Sharjah Radio and Television Authority, Abdul Aziz Al Shamsi, Assistant Director General of the Communications and Business Sector at the Sharjah Chamber, and Nawaf Obaid, CEO of the Sharjah Real Estate Exhibition. Acres, Sultan Shataf, Commercial Director of Expo Center Sharjah, and a number of officials.
The exhibition, which is organized by the Chamber and the Department on an area of more than 10,000 square meters, witnesses the announcement of the launch of a number of qualitative real estate projects inside and outside the UAE, in addition to a group of the latest projects and investment opportunities that vary between residential and industrial properties, lands, and hotel and hospitality projects, whether ready or under construction. construction, while participating companies will compete in presenting exclusive offers that will be revealed during the exhibition.
His Excellency Mohammed Ahmed Amin Al-Awadhi stressed that the Sharjah Real Estate Exhibition “ACRES”, which this year records the largest edition since its inception and with wide local, regional and international participation from the most important real estate development and investment companies, reflects the leading position and reputation that the event enjoys in global real estate circles as a strategic platform to support development. Real estate, exchanging expertise and experiences, and providing the opportunity for participants to present their latest and most prominent real estate projects inside or outside the UAE.
He pointed out that these results confirm the success of the efforts made by the Sharjah Chamber in cooperation with its strategic partners in enhancing the role of the exhibition in supporting the development process witnessed by the real estate sector and highlighting Sharjah’s position and distinguished reputation as a leading regional destination for investment in the real estate sector, which is recording sustainable growth, pointing out: The trading volume in the sector in Sharjah during the first half of last year 2024 increased by 35.6% compared to the same period in 2023, recording 18.2 billion. Dirham.
He explained that ICRES promises positive results in its 2025 edition, especially in light of the presence of many indicators of success, most notably the decision of the Executive Council of the Emirate of Sharjah to reduce buying and selling fees on real estate transactions at the exhibition, in addition to the continuing achievements achieved by the exhibition, which witnessed in its 2024 session deals. Real estate with a total value of one billion and 400 million dirhams, with a growth rate of 202.4% compared to the 2023 cycle.
For his part, His Excellency Abdul Aziz Rashid Al Saleh said that the real estate sector in Sharjah has achieved great successes in 2024, which is evident from the data that recorded a significant increase in the value of real estate transactions, and the emirate’s attracting investors from more than 114 nationalities, which reflects the strength and durability of the real estate market in Sharjah and the high confidence that investors attach to this sector.
In turn, His Excellency Saeed Ghanem Al Suwaidi said that this year’s edition of ACRES witnesses wide participation from the most important real estate development and investment companies and the return of the Egyptian Real Estate Pavilion by displaying a variety of projects, which constitutes an ideal opportunity for investors and developers to meet and sign deals in addition to highlighting the latest Projects.
Issa Ataya, CEO of Alef Real Estate Group, the platinum sponsor of the exhibition, said that the group’s participation in this distinguished real estate event reflects its commitment to supporting the real estate sector in the Emirate of Sharjah and enhancing its position as a leading investment destination in the region. He explained that Alef will display its “Hayyan” projects during its participation. “And “The Walk” and “Familiarity.”
He added in a statement to the Emirates News Agency, WAM, that during 2024, the group achieved record sales reaching 2.5 billion dirhams, with a growth rate of 30% compared to 2023, and it is about to launch a new phase in the “Walk” project during the current year, in addition to another new project in one of the areas of Sharjah. In addition to the currently existing projects, the latest of which is the “Alfa” project in the heart of the Muwailih commercial area, which includes a community garden with an area of 30 thousand square meters.
For his part, Jamal Al Shawish, Head of Sales and Marketing at IFA Hotels and Resorts, the golden sponsor of the exhibition, stressed the company’s keenness to make its first participation in “ACRES” a success, as it represents an important launch for it in the thriving real estate market in Sharjah, indicating that it intends to unveil the first Its projects in the emirate are a step that comes from belief in the attractiveness of the real estate and investment market in Sharjah and its prominent position as a promising economic destination, praising the role of the decision to reduce real estate transaction fees during the exhibition period in Encouraging investment.
In turn, Engineer Raymond Khuzami, CEO of Thuraya Group, the silver sponsor of the exhibition, expressed his thanks to those organizing it and to the officials in the Emirate of Sharjah for their efforts in supporting and promoting the growth of the real estate sector. He announced the company’s intention to reveal during its participation its latest real estate projects and offer units of its two most recent projects for sale and freehold. For all nationalities, in accordance with the laws and decisions regulating this in the Emirate of Sharjah.
In turn, Nawaf Obaid said that the Sharjah Real Estate Exhibition this year represents a major breakthrough in the field of innovation. Participants display a large number of their latest real estate projects that are characterized by innovation and sustainability, which contributes to shaping the future of the real estate sector in the region, stressing the exhibition’s keenness to encourage investment in sustainable and smart projects and to remain a major destination for investors and professionals in the real estate sector and to preserve the successes achieved. It achieves this thanks to strategic partnerships with government and private agencies.
For his part, Engineer Hamidi Al Ketbi, Director of the Building Permits Department at the Sharjah Planning and Survey Department, the official sponsor of the exhibition, pointed out that the Department seeks, through its sponsorship of “ACRES,” to highlight promising investment opportunities and create an attractive environment for investors and real estate developers in a way that contributes to achieving integration between urban development and real estate growth. .
This year, the exhibition includes many activities, most notably dialogue sessions, workshops and training courses that will be presented by an elite group of specialists and experts in the real estate field in Arabic and English, during which the latest laws, regulations and guidelines that guide owners of real estate projects or those wishing to purchase a real estate unit are reviewed, in addition to highlighting On best practices in the field of real estate investment and discussing various issues of interest to those working in the real estate sector and those interested in it and those keen to know the trends and future of the real estate market in the country and the region and the latest developments. And developments in the real estate sector.
The new edition of the Sharjah Real Estate Exhibition “ACRES 2025” will witness the return of the Egyptian real estate pavilion with the participation of major Egyptian real estate development and investment companies, which will display a large number of real estate projects ranging from residential, commercial, and coastal units distributed in many geographical areas in Egypt, including the “Administrative Capital.” “New Cairo”, “Sheikh Zayed”, “October”, “Ain Sokhna”, “North Coast” and “Ras El Hekma”.
The exhibition is expected to witness a large turnout from the Egyptian community in the UAE, businessmen, and clients wishing to own and invest in real estate in Egypt.
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