ACRES 2023 concludes with huge turnout, numerous business deals

Staff Reporter, Gulf Today

Sharjah The Sharjah Real Estate Exhibition “ACRES 2023” was successfully concluded for this year’s session.  The remarkable exhibition, which was hosted at Expo Center Sharjah from 25th until 28th of May, was organised by Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Real Estate Registration Department (SRERD), and it succeeded in attracting thousands of visitors, investors, and entrepreneurs from inside and outside the UAE.

During these four days, the exhibition witnessed the signing of a large number of commercial deals and partnerships, which reflected the diversity of investment options and the financial facilities and incentives provided by participating local, Arab, and foreign companies and institutions specialized in real estate sector. The huge turnout of these companies is due to Sharjah’s status as an attractive investment destination, the increasing number of modern residential complexes and new shopping centers, and the emirate’s reputation as an ideal global destination for living and working.

This year, the exhibition witnessed an increase in the number of real estate and investment projects presented by major real estate development companies from other emirates. Moreover, there was 27% growth in the number of participating companies, which varied as being financial institutions, insurance and legal consultancy companies, real estate management services, engineering services and project management companies, and in addition to emerging companies in the field of real estate technology and artificial intelligence, which had a special pavilion that attracted many visitors.

 Both visitors and participants expressed their admiration for the level of organization witnessed in the exhibition, its services, the high credibility of the displayed real estate products in its pavilions, and the diversity of projects and investment opportunities offered by the exhibition; including housing units, urban projects, homes, and various tourist and commercial facilities.

Al Owais: Revitalizing the real estate investment environment in all its fields.

Abdalla Sultan Al-Owais, Chairman of Sharjah Chamber of Commerce and Industry (SCCI), said: “The exhibition succeeded in attracting hundreds of businessmen, investors, and real estate developers who praised Sharjah’s promising real estate and investment opportunities, which the exhibition succeeded in highlighting throughout its period. In addition, “ACRES 2023” served as a large platform for investors to display and promote their current and future projects, which in turn contributes to revitalizing the real estate investment environment in all its fields in the emirate.”

Al-Owais also stressed that “the exhibition was as a forum for all entities working in the real estate sector to exchange views and suggestions on developing the market and increasing the volume of investments, to start partnerships, and to conclude deals.”.

For his part,  Abdulaziz Ahmed Al-Shamsi, Director General of Sharjah Real Estate Registration Department, praised “the distinguished organization of the exhibition by Sharjah Chamber of Commerce and Industry, along with the Department and Emirates Vision Media Network”. His Excellency also thanked all the companies participating in the exhibition, as it witnessed a great turnout by the public who wanted to seize the investment opportunities presented in the various pavilions. Al-Shamsi added that “these opportunities highlighted the investment advantages enjoyed by Sharjah, and the great various facilities provided by our wise government to encourage investment, which in turn contributed to attracting more investors and capital from various countries in the region and the world.”

He also stated that “the exhibition is part of the department’s strategy to promote investment in the real estate sector in Sharjah, and to introduce the incentives and facilities which the department provides to investors, businessmen, and people wishing to own or be part of the thriving real estate market in the emirate.”

Al-Suwaidi: It reflected the strength of the real estate sector in the emirate.

 Saeed Ghanem Al-Suwaidi, Chairman of the Representative Committee of the Real Estate Sector Business Group at SCCI, and Chairman of the Organizing Committee of “ACRES”, said that “the exhibition reflects the strength of the real estate sector in Sharjah, and the wide options it offers to individual and institutional investors in terms of real estate. In addition, the exhibition reflects the position of the emirate as an attractive and distinguished investment destination, and a major commercial hub in the region, especially in light of its flexible legislation and the package of incentives and facilities offered for investors and buyers.”

The exhibition also presented an integrated program of training courses, free workshops, and specialized discussion sessions in both Arabic and English, discussing various topics, such as the latest innovations and developments in the real estate sector, and the latest real estate technology systems that are of interest to workers and those interested in real estate affairs.