A new research released by Zurich International Life Limited, Middle East, shows that UAE residents spend almost AED 1 million educating each child from pre-school to college.
The cost of education UAE resident families face is Dh933,945 throughout the educational lifetime of a child. Which is based on two years at preschool, six years at primary school, six years at secondary school and three years at a British university, excluding compound interest rates.
The study confirmed that in the UAE, pre. primary and secondary school costs add up to an average of Dh528,390 per child. These costs exclude other fees such as the cost of books, trips and uniforms. Additionally, these costs could increase by up to 40 % for top tier schools.
Amrita Sethi, head of marketing and communication for Zurich International Life, Middle East said that, a typical family with two children could look at spending as much as AED 2 million on education.
The report also revealed that UAE-based universities average Dh76,492 per year, while in the UK it costs an average of Dh57,000 annually.
Tertiary education fees differ from country to country. For example, the average yearly cost of tuition in Australia and Canada is Dh55,163, while the US has annual fees averaging Dh84,428.
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