The Sharjah Real Estate Exhibition “ACRES 2025”, currently underway at Expo Centre Sharjah, has witnessed the launch of an extensive portfolio of innovative and distinctive property projects designed to meet investor aspirations and set new standards across various real estate development fields. Organised by the Sharjah Chamber of Commerce and Industry (SCCI), in collaboration with the Sharjah Real Estate Registration Department (SRERD), the exhibition underscores its position as a premier platform spotlighting the dynamic growth of the real estate sector in Sharjah and the UAE. During its participation as the Platinum Sponsor of ACRES 2025, Alef Group unveiled its new project “Al Mamsha Hamsa” at the exhibition. Issa Ataya, CEO of Alef Group, commented,…
Exhibitions & conferences
Equitativa, the largest real estate investment trust manager in GCC, has announced that one of its units, Emirates REIT, has completed the sale of Office Park - its Grade A commercial asset in Dubai Internet City - to Tecom Investment, a wholly-owned subsidiary of Tecom Group. The agreed sale price of AED720 million ($196 million) represents a substantial premium over the property's Fair Valuation as of June 30, 2024. Equitativa said the net sale proceeds will be used to reduce Emirates REIT’s banking facilities and partially redeem the secured sukuk certificates issued in December 2022, in line with the terms and conditions. The completion of the Office Park sale capitalises on favourable market conditions, allowing Emirates REIT to realise significant gains and reduce its FTV…
W Capital, the Dubai leading real estate brokerage, is organizing their special real estate exhibition in Al Ain, in cooperation with DHG Group (Swiss Real Estate Developer), to promote their projects. The two-days exhibition will kick off on Friday, June 7, 2024, at the Four Points Sheraton Hotel in Al Ain, from 10:00 am to 10:00 pm. “This exhibition is one of the important events that the company organizes periodically, and places it at the top of its local real estate agenda, as it has become a high-end platform for marketing important real estate projects, providing opportunities to reach diverse segments of real estate investors,” said Walid Al Zarooni, W Capital CEO. Al Zarooni stated that the real estate market continues strong performance, reaping the fruits of…