“Reportage Properties” to participate in Sharjah “ACRES 2024”

“Reportage Properties” to participate in Sharjah “ACRES 2024”

* Sharjah business environment and real estate laws and regulations, encourage investments and attract companies, Aref Al Khoori

Abu Dhabi, 10 January 2024: Reportage Properties, the leading UAE real estate developer, announced their participation for the first time, in the Sharjah Real Estate Exhibition – ACRES 2024 to be held at the Expo Center Sharjah, and organized by the Sharjah Chamber of Commerce and Industry together with the Sharjah Real Estate Registration Department. The event starts from 17 to 20 January.

The “Reportage Properties” portfolio includes 29 projects in the UAE, Egypt, Turkey, and Morocco.

“The Sharjah Real Estate Exhibition (ACRES) is one of the most prominent real estate events and exhibitions organized in the UAE and in the Middle East,” said Aref Ismail Al Khoori, founder and Chairman of Reportage Group. ”The UAE real estate sector, especially in the Emirate of Sharjah, is showing remarkable vibrant performance with stable growth rates nowadays,” he added.

Al Khoori noted that the Emirate of Sharjah has become a destination of choice for investors, in light of the safe and attractive investment environment for businesses. That is evident in the continuous increase in foreign investments in various sectors, especially the real estate sector. He stressed that the real estate laws  and regulations in Sharjah encourage investments, thanks to the great support of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, member of the Supreme Council and ruler of Sharjah, as well as the follow-up of His Highness Sheikh Sultan bin Muhammad bin Sultan Al Qasimi, Crown Prince, Deputy Ruler of Sharjah and Chairman of the Executive Council, which  boosted the sectors development. 

Al Khoori said that the Sharjah Real Estate Exhibition “ACRES” embodies the strength of the real estate sector in the Emirate of Sharjah, and constitutes a leading regional platform that allows real estate developers to showcase their projects, exchange experiences, conclude partnerships deals in this vital sector, which is one of the most important sectors in the country.

Al Khoori explained that the real estate market in the Emirate of Sharjah is on an upward trajectory, recording stable levels of growth, which confirms the strength of the real estate sector in the emirate and its attractiveness to local, Arab and foreign investors.

 He expects that the real estate market in Sharjah will witness further growth in the coming months through the promising investment opportunities that will arise. The emirate provides more chances with the successive launch of more new projects, in accordance with the highest international standards and specifications.

The real estate sector in the Emirate of Sharjah achieved a trading volume of AED13.4bn during the first half of 2023, an increase of 19.2% compared to the same period in 2022.

The real estate market report for the third quarter of 2023, issued by Asteco Real Estate Services recently, revealed that real estate transaction activities achieved a strong boom in Sharjah, with 59,258 real estate sales transactions made during the first nine months of 2023, an increase of 15% compared to the same period of  2022.

In Sharjah Real Estate Exhibition – ACRES 2024, “Reportage Properties” will showcase their portfolio of UAE projects as well as their projects abroad, especially the “Royal Park” in Masdar City in Abu Dhabi, “Reportage Village” in Dubai, “Silvana” in Turkey, and “Montenapoleone” in Egypt, and “Vista 3” on Reem Island. 

The company will make various offers, including discounts of up to 40% for clients who pay in cash.

“Reportage Properties” 2023 sales topped AED3.7bn ($1 billion), compared to AED 2.3bn during 2022, with a growth rate exceeding 60%.

=End=