ACRES ends strongly with significant real estate deals at inaugural event.
The first edition of the Acres Real Estate Exhibition 2024 was held at the Dubai World Trade Centre and concluded on a high note on Monday. The event marked a significant milestone with substantial real estate deals for both local and international projects. It attracted a remarkable turnout of visitors, including citizens, residents, investors, and businessmen from within and outside the UAE.
Over the course of four days, the exhibition showcased numerous mega real estate projects, many of which were revealed for the first time to the public. These projects, both completed and under construction, captured the attention of visitors and investors. They were displayed by leading local and international real estate firms, developers, and investors, alongside representatives from regional and global development companies. Exhibitors at the event put up on display a diverse selection of the latest and most significant real estate opportunities and projects from both within the UAE and beyond.
Many participating companies reported substantial real estate sales, driven by the high visitor turnout. The exhibition also saw the signing of numerous large-scale real estate deals, reflecting the wide range of options and investment opportunities offered by the participating companies and bodies. These opportunities included residential, commercial, and industrial properties, as well as land, presented with competitive and exclusive offers.
The event also featured various installment options, medium- and long-term payment plans, and financing options, all in cooperation with a large number of real estate developers and investors.
Promoting investments, Saeed Ghanem Al Suwaidi, Chairman of the Organising Committee of ACRES Dubai, said that the exhibition's resounding success in its first edition reflects the continuous growth and prosperity of the real estate market in Dubai, affirming its status as a premier global destination for real estate investment. Al Suwaidi stressed that the exhibition not only proved its importance but also its capability to introduce new opportunities in the realm of real estate investment in Dubai and beyond. Furthermore, it contributed significantly to expanding horizons for promoting and developing the sector, thereby boosting investments.
Nawaf Obaid, CEO of Acres Real Estate Exhibition, emphasized that the event provided a vital platform for both participants and visitors, not only to learn about key real estate developments in the UAE and the region but also to engage with government officials tasked with shaping strategic plans and real estate legislation. It also provided an opportunity to enhance networking and business relationships among decision-makers in the real estate sector, major contractors, and leading engineering consultants. Additionally, the exhibition offered insights into the most significant real estate investment opportunities, both in the UAE and internationally.
During the event, the Innovation Experts Real Estate Institute (IEREI), the academic sponsor of the exhibition, and Arab MLS, a pioneering force in the Middle Eastern real estate sector, signed a strategic partnership agreement. The agreement aims to enhance real estate awareness and provide industry professionals with cutting-edge knowledge, best practices, and investment strategies.
As part of the agreement, IEREI was designated as the exclusive educational partner on the Arab MLS platform. The partnership will deliver comprehensive workshops and training programs to promote innovation and training, stimulating an innovative environment in both the local and international real estate markets.
The exhibition also featured a series of educational and awareness activities, including training courses, free workshops, and specialized dialogue sessions in both Arabic and English. These activities, organized in collaboration with the Innovation Experts, aimed to deepen participants' understanding and skills in the dynamic real estate sector.