SHARJAH: The second day of the 6th edition of the Real Estate Investment Exhibition (ACRES 2019) was marked by a high turnout of visitors to learn more about the latest real estate projects in the Emirate of Sharjah and the region.

The exhibition is organized under the patronage of Sheikh Sultan Bin Mohammad Sultan Al Qasimi, the Crown Prince and Deputy Ruler of Sharjah. The exhibition, which is held at Expo Sharjah until March 21, is organised by Sharjah Chamber of Commerce & Industry (SCCI), Sharjah Real Estate Registration Department and Real Estate Sector Business Group in Sharjah.

ACRES 2019 saw distinguished offers by the major participating real estate companies. These offers were characterised by providing diverse facilities in prices, benefits and flexibility in payment methods, in addition to showcasing the most important developed real estate projects in accordance with the new technologies and the most prominent modern real estate designs.

The exhibition has also witnessed remarkable participation from all UAE and Gulf community segments, including investors, businessmen and a large number of individuals who are willing to invest, especially after the recent government announcement, with regard to launching long-term visas for the real estate investors. This will strongly push the investors forward to have a value added to their real estate investments.

His Excellency Abdul Aziz Ahmed Al Shamsi, Director General of the Sharjah Real Estate Registration Directorate, said that the exhibition has turned into an innovative platform bringing together the region’s real estate projects and investors. He underlined that Sharjah’s real estate sector is leading the economic growth of the Emirate and is contributing to a balanced share of the Emirate’s GDP.

“The Emirate of Sharjah represents an attractive destination for housing and investment due to its various competitive advantages, including its unique geographical location and availability of all decent life qualities in terms of its advanced infrastructure and outstanding recreational facilities,” Al Shamsi added.

He pointed out that the 6th edition of ACRES strongly contributed to shedding light on Sharjah’s real estate market, through a diverse and comprehensive group of developing real estate investment opportunities, and through the chance given to investors, visitors and those interested in real estate investment, to meet with business owners, decision-makers and leading real estate companies, in addition to paving the way for new partnerships and facilitating deals. In turn, Mohamed Ahmed Amin, Acting Director-General of the Sharjah Chamber of Commerce and Industry (SCCI), emphasized the importance of ACRES in attracting real estate developers and investors to the Emirate of Sharjah.

He underlined Sharjah Chamber’s keenness on exerting all possible efforts which pour in the interest of real estate development and growth in a sustainable way, the matter that will have a positive impact on the economy of the Emirate. He also noted that the exhibition helps promote the real estate reputation and its growth plans as one of the most significant key sectors in Sharjah.

Saeed Ghanim Al Suwaidi, Chairman of Real Estate Sector Business Group, said that the current edition is marked by attracting new categories of those interested in real estate sector, considering that real estate investment has rewarding revenues. The matter that entices investors and guarantees the highest value for those willing to have residential or commercial properties in the Emirate of Sharjah.

“The exhibition has witnessed cutting big deals for the most participating firms, in addition to launching new real estate ventures. This reflects the outstanding position of the exhibition, as one of the most important real estate exhibitions in the region,” said Al Suwaidi.

It is noteworthy that Sharjah’s real estate sector forms one of the key pillars of its economic diversity since the Emirate of Sharjah is characterized by a wide urban renaissance which promoted its place as a leading global destination in real estate investment.

Worth noting that the current edition of ACRES is witnessing the participation of the most prestigious local, regional and international real estate companies; in addition to real estate development and contracting companies, building and construction materials companies, real estate brokers, banks, financial institutions, architectural design services companies, interior design companies and a number of concerned local government departments.

Also, insurance and legal services firms, real estate management services companies, real estate owners, engineering firms and project management firms take part in the exhibition.

Worth mentioning that the exhibition activities will last until March 21st, with the support of Sharjah Expo Centre, and an official sponsorship of Sharjah City Municipality, Directorate of Town Planning and Survey and Sharjah Economic Development Department, in addition to the golden sponsor Telal Real Estate and the media sponsor Sharjah Media Corporation.

Business Bureau, Gulf Today