Posted by Bob Brunskill
Internet searches for property in Dubai have increased by 45.5 per cent, according to new research.
Property portfolio management firm Leo Sterling claims that online portals are turning into a force to be reckoned with in the Dubai property sector.
According to the firm, the majority of property investors now use the internet to hunt for the best deals.
Laura Martorano, chief executive officer and founder of Leo Sterling, said: "Information is a key element in the real estate business; buyers want to gather as much data before they start negotiations with real estate brokers for a particular property."
She added that the internet helps people gather that information quickly and easily.
"The internet is increasingly becoming an indispensable technology," she concluded.
Recently, research conducted by GRMC Advisory Services showed that increasing numbers of Dubai residents are interested in renting, as opposed to buying property.
Some 83 per cent said they were considering renting a property in 2010.