Parents in the UAE on average, fork out around $100 000 to cover the cost of a child’s education from primary school through to university. The UAE comes in second behind Hong Kong, ahead of Singapore and USA. – Study by HSBC

1. Hong Kong	- $131 000
2. UAE	- $100 000
3. Singapore	- $71 000
4. USA	- $ 58 000 (parents only contribute around 23%)

 

These rising costs are directly linked to the fact that the countries listed, apart from the US, have a large expat workforce that require english tuition for their children.

 

English tuition in the UAE is offered mostly by private schools that follow the US, British or Australian syllabus. Standards that expats are used to in education.

 

Very few expat packages offer education for children anymore. This means that school fees are coming out of disposable income or cutting into the amount you can save for retirement.

 

An education savings plan could relieve a lot of the financial pressure parents face in the UAE.

 

Chat to a deVere Acuma adviser today about starting an education savings plan for you children.

[email protected]

 

5 cheapest areas for schools:	5 costliest areas for schools:	School fees in other locations:
1. Deira: Dh12,733 2. Al Qusais/Muhaisnah: Dh15,652 3. Al Karama: Dh15,895 4. Mirdif/Al Rashidiya: Dh30,731 5. Al Quoz: Dh32,996	1. Nad Al Sheba: Dh64,093 2. Springs/Meadows/Greens: Dh59,307 3. Jumeirah Village Circle: Dh58,910 4. Arabian Ranches: Dh58,409 5. Umm Suqeim: Dh55,175	Discovery Gardens/Jebel Ali: Dh41,189 Bur Dubai: Dh34,999 Jumeirah: Dh42,017 Motor City: Dh41,711 DIP/Green Community: Dh41,712 Dubai Silicon Oasis/Academic City: Dh47,827 Al Barsha: Dh54,285 Dubai Sports City: Dh53,947 Al Sufouh: Dh40,820

Stats taken from Gulf News

 

 

Please note, the above is for education purposes only and does not constitute advice. You should always contact your deVere Acuma adviser for a personal consultation.

* No liability can be accepted for any actions taken or refrained from being taken, as a result of reading the above.