The 4th Quarter of 2015 has witnessed a slight decline in Dubai property prices, triggered by global and regional factors, including oil’s slump, weaker currencies in Russia and Europe and instabilities in the Middle East. Nevertheless, all eyes are still on Dubai and Abu Dhabi, as both cities have been credited for the emergence of the UAE as a global address for investors of residential, commercial, and retail ventures.
But despite the market slowdown during 2015, the Onyx continues to consolidate its presence on a success note. Being a freehold project located on Sheikh Zayed Road, the Onyx boasts uniqueness in terms of the right retail mix, facilities and extensive parking facilities in an area where there’s a dearth for parking, all coupled with superior finishes have given the Onyx a unique stature in the residential and commercial property sector. This in turn has helped the project to outsell its peers during an overall market slowdown where we have witnessed strong demand and outstanding sales at The Onyx.