The UAE has seen over two thirds of property buyers turn to the internet to research their purchases, according to research from HSBC. Around 72% of UAE buyers search for properties online, with 67% looking for tax and regulation information digitally, according to the report. Further, it found that 65% of buyers research locations and 64% find potential home prices using the web. The report took into account 9,000 global citizens, including 1,000 UAE residents. “Dubai is a very important market in terms of its size and population but also because it’s one of the most expensive cities on Earth,” said Dr David Wilson, director at HSBC Middle East & North
The UAE has seen over two thirds of property buyers turn to the internet to research their purchases, according to research from HSBC. Around 72% of UAE buyers search for properties online, with 67% looking for tax and regulation information digitally, according to the report. Further, it found that 65% of buyers research locations and 64% find potential home prices using the web. The report took into account 9,000 global citizens, including 1,000 UAE residents. The UK is currently the largest user of online property search tools, with 93% of home buying or renting originating online.