UAE-headquartered hospitality company, TIME Hotels Management, has opened to a second TIME Residence-branded property as part of its regional expansion programme.
The new Zakher TIME Residence – Abu Dhabi offers 68 fully-furnished one-bedroom and studio apartments located in the commercial heart of the city on Fatima Bint Mubarak Street (also known as Al Najda Street).
This follows the successful 2013 unveiling of the TIME Residence brand and the launch of the TIME Pearl Residence, a 72 two-bedroom unit property situated just five minutes’ walk from the UAE capital’s popular Corniche promenade.
“With the opening of the Zakher TIME Residence, this brings the total number of branded hotel apartments in Abu Dhabi to 51, which, in line with the emirate’s ambitious tourism growth agenda, presents equally exciting growth opportunities for residence-style accommodation,” says Mohamed Awadalla, CEO, TIME Hotels.
The nationality mix similarly registered some interesting statistics in the January to July audited period, with UAE nationals named as the number one source market followed by India, the UK, Germany and the USA. “Our pipeline of TIME Residences will be further boosted by two more Abu Dhabi locations coming up – the 312-unit Meera Residence, also located on the Abu Dhabi Corniche, and the 264-unit Jouharaaa Residence, which is scheduled to open in early 2016,” he concludes.
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