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Sun 8 Dec 2013 01:59 PM

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TI'ME Pearl Residence opens in Abu Dhabi

Dubai hospitality company makes first foray into Abu Dhabi with 72-unit property

TI'ME Pearl Residence opens in Abu Dhabi

Dubai-based hospitality company, TI’ME Hotels Management, has marked its first foray into Abu Dhabi with the opening of the 72-unit TI’ME Pearl Residence.

The centrally located complex, situated five minutes from the city’s popular Corniche promenade and close to downtown Abu Dhabi’s commercial hub, boosts to eight the number of properties managed by TI’ME Hotels.

“Demand for modern and competitively priced accommodation in Abu Dhabi continues to grow and with TCA Abu Dhabi noting an increasing trend towards longer stays - with an average of 3.16 nights - this puts TI’ME Pearl Residence in prime position to capitalise on sector growth with a new modern product in the heart of Abu Dhabi city,” Mohamed Awadalla, CEO, TI’ME Hotels, said in a statement released Sunday.

More than 120,000 GCC hotel guests checked into the UAE capital’s hotels and hotel apartments in the first eight months of this year, according to TCA Abu Dhabi statistics, representing a 17 percent increase on 2012.

Guest nights year-on-year also rose by 19 percent over the same period to 262,290, with a length of stay by GCC hotel guests slightly higher than the overall Abu Dhabi average at 4.4 nights.

“The TI’ME Pearl Residence addresses the issue of any potential gap in our product portfolio by offering competitive longer term rates in Abu Dhabi,” Awadallah said.

“Abu Dhabi aims to attract 2.5 million guests by the end of this year and TI’ME’s popularity with GCC travellers at our other UAE properties continues to underpin our strategy as we roll out net properties across the region.”

TI’ME said that as well as GCC countries, the property would also be marketed to international visitors especially those working on mid to longer-term projects.

The second Abu Dhabi property under construction, TI’ME Deluxe Hotel Corniche Apartments, is scheduled to open in 2015.

The 42-storey property will feature 262 studio and one-bedroom apartments, with facilities including a health club with swimming pool, all-day dining restaurant, retail space and basement car park.

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