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Key Topics
Requirement
Instructions
The research problem, questions and hypothesis should be approximately two pages long.
Solution
ABSTRACT
This assignment is a research paper that deals with the topic of increasing internet use in the United Arab Emirates. Internet use has seen a phenomenal increase all over the world and UAE is not left behind. The paper explores the benefits being taken by the country due to increased internet use particularly in the real estate sector.
Research Problem: Identify the avenues in which web presence has impacted the real estate industry in the UAE.
Web is a mode which has empowered devices and people to associate with each other. This likewise incorporates switches, servers, the wires and the reception apparatuses that are a piece of the whole setup methodology. The internet is spreading its horizon across nations and new places. Even the UAE, is now a primary user when it comes to internet use and several sectors such as the real estate are benefiting from it. However, it is very important to ascertain whether the booming use of the web in the UAE in the real estate sector has led to any advantages or gained the sector anything in terms of profits.
Our research question is: Whether the proliferating internet users in the UAE have contributed to its real estate sector and what changes have been beneficial hence?(Henderson, 2016)
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Hypothesis
H0: Proliferating internet users in the UAE have contributed to its real estate sector
H1: Proliferating internet users in the UAE have not contributed to its real estate sector
It is contented that e-trade is developing in the settled markets of the Middle East and the UAE's developing riches and web utilization have impelled the advancement of e-business, with more customers being pulled in by the benefits of online buys, secure instalment offices, and the expeditiousness in exchanges. This has definitely led to a larger consumer base in the real estate sector, adding significant numbers to the overall to the income of the people associated with the industry. Properties can be very easily bought and sold as negotiations are now facilitated by the omnipresent internet. Sellers and buyers of different properties can correspond sitting miles away from each other and hence business can be easily executed(Henderson, 2016).
The real estate business is reaping several benefits of the internet boom. Web access is likewise one of the driving variables towards conglomeration of economies considering that it runs as one with systems that are utilized for correspondence and the overall web access. The presence of a few exchanging alliances in the real estate world, for example, the NAFTA and EU are solid cases of development of monetary participation (Sinclair, 2013).
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Place Your OrderOne of the benefits of utilizing the Internet for real estate business is its cost viability (Sinclair, 2013).No longer do expenses have to be made on travel and transport to see new lands, buildings and as such. Also, the Internet has made a worldwide group of associates for real-estate businessmen in UAE. Earlier, an entrepreneur who was in the real estate sector had only a singular choice of joining a nearby council of business to arrange and gain from kindred business visionaries. A man in Qatar now can trade raw material used in the real estate sector with somebody in the same line of business situated in Sydney, Australia(Internet World Stats, 2015).
A higher rate than 86% of the real estate dealers are presently online – the third most noteworthy rate in the Middle East. UAE's rank is 16th in worldwide rankings of people with web access, marching ahead of the US in the 26th spot and also ahead of Germany in the 18th position. The figures truly reflect in the advantages that the sector is gaining due to increase in internet usage. It has given an impetus to the real estate world sector, and if the trend continues, then there are myriad opportunities that the world of internet can offer the sector(Henderson, 2016).
REFERENCES
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1. Henderson, K. (2016). Advantages of Using the Internet for Business. Retrieved from www.smallbusiness.chron.com: http://smallbusiness.chron.com/advantages-using-internet-business-320.html
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2. Internet World Stats. (2015). Internet world stats. Retrieved from www.internetworldstats.com: http://www.internetworldstats.com/me/ae.htm
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3. Sinclair, K. (2013, October). UAE has third most internet users in the Middle East. Retrieved from www.thenational.ae: http://www.thenational.ae/business/technology/20131003/uae-has-third-most-internet-users-in-the-middle-east
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