Sharjah, UAE — Real estate deals worth more than AED 1.4 billion ($381 million) were inked at ACRES 2024, organized by the Sharjah Chamber of Commerce and Industry (SCCI) and Sharjah Real Estate Registration Department (SRERD).
The exhibition, which was held from Jan 17-20, was attended by citizens, residents, investors, and businessmen from inside and outside the UAE, in addition to private and public Real Estate institutions.
The exhibition has attracted more than 93 specialized real estate companies from major companies in the region and the world, in addition to the participation of a wide spectrum of real estate brokers, financial institutions, legal services companies, security solutions, security and safety, project management, robotics and intelligence, artificial institutions companies, in addition to government departments interested in real estate.
The decision of Sharjah’s Executive Council to reduce registration fees for the transactions of projects in the emirate, which was exclusively implemented during the exhibition days, clearly contributed to increasing visitors and investors numbers.
It also contributed to motivating developers to showcase the latest and most important new projects. This decision is one of the initiatives which supports the business community, enhances its role in the economic field, and encourages investment.
Moreover, this year ACRES achieved an increase in its area by 60 percent over last year, in order to accommodate the large increase in the number of real estate and investment projects, and to provide the necessary space for companies to present their projects to visitors and investors.
Abdul Aziz Ahmed Al-Shamsi, Director General of Sharjah Real Estate Registration Department, said the number of sales and final contract transactions executed by the department reached 700.
He said, “We received hundreds of customers, and their transactions were processed quickly, transparently, and accurately. In addition, we answered visitors’ questions and inquiries regarding the services provided by the department to residents, investors, and businessmen.”