Sharjah Chamber and SRERD reveal details of new edition of ACRES 2024

Gulf Today, Staff Reporter

During a media briefing, the Sharjah Chamber of Commerce and Industry (SCCI) and the Sharjah Real Estate Registration Department (SRERD) announced the details of the new edition of Sharjah Real Estate Exhibition - “ACRES 2024”, which is being held under the patronage of

Sheikh Sultan Bin Mohammed Bin Sultan Al Qasimi, Crown Prince and Deputy Ruler of Sharjah, between January 17th to 20th, at Expo Centre Sharjah.

“ACRES” represents a distinguished platform for companies and developers operating in the real estate sector to promote their new projects, and a great opportunity to meet different segments of interested people and investors who wish to explore investment opportunities. In addition, it reflects the sharp real estate growth, which is due to the economic initiatives and incentives provided by the UAE government targeting residents who wish to reside, work, and invest in the country as a preferred safe and stable global destination.

During this briefing, the organizing committee announced the participation of more than 372 new real estate projects from inside and outside the country, including real estate projects from the UAE, the Sultanate of Oman, the Hashemite Kingdom of Jordan, Georgia, the Arab Republic of Egypt, and Turkey. Moreover, the exhibition exclusively includes offers presented by major participating real estate developers.

Exhibition space increased by 60% compared to last year In addition, it was revealed that the exhibition space has increased by 60% compared to last year, in order to accommodate the increased demand from participating companies, after the great success achieved in the last edition in terms of exclusive investment deals and the high value of sales and transactions. In its new edition, the exhibition is expected to witness a large and unparalleled turnout of visitors, compared to the great numbers of visitors witnessed during its previous editions.

Furthermore, the committee also added that each edition of the exhibition is committed to present a diverse set of programs & activities including forums, panel discussions, workshops, and specialized industry talks in both Arabic and English, presented by key industry experts and market leaders discussing the industry and its future prospects, in addition to drawing valuable prizes. The exhibition is officially sponsored by “Sharjah Department of Town Planning and Survey”, “Sharjah Economic Development Department”, “Sharjah City Municipality”, and “Sharjah Housing Department”, in addition to media sponsorship from “Sharjah Broadcasting and Television Authority”, “The Financial World Magazine”, and academic sponsorship from “Innovation Experts Real Estate Institute” and “Thinkprop Real Estate Institute”, in addition to advertising sponsorship from “Site Global” and support from the host “Expo Centre Sharjah”.

Abdulaziz Ahmed Al-Shamsi, Director General of Sharjah Real Estate Registration Department, said during his speech: “The exhibition this year is being held at a time when the emirate is witnessing the launch of various commercial, industrial, and residential projects, which reflects the continuous growth of the real estate sector in Sharjah”. His Excellency added: “The emirate is attracting investments and capital, and hence, the population is increasing, which in turn increased the demand for residential real estate. Such demand was met and enhanced by Sharjah Executive Council Resolution No. (30) issued in November 2022, which allowed all nationalities to own real estate of all kinds without limitation of time in real estate development areas and projects, after getting the approval”.