It’s something we don’t often take the time to calculate but we all know that education in the UAE continues to cost families an arm and a leg here. According to a new insight from Zurich – Middle East it shows that parents in the UAE could pay up to a staggering AED1 million to fund each of their child’s education starting from pre-school through to university age.

According to the research, the cost of AED 938,599 (USD 255,749) marks the second consecutive year that education from pre-school through to university could cost families in the UAE this much. The figure is based on the total cost of education of two years at pre-school, six years at primary school, six years at secondary school and three years at a UK university with Dubai’s average fees.

In the UAE, pre, primary and secondary school costs (without university) add up to an average of AED528,486 (USD144,001) per child, which is a slight increase on last year’s figures. These costs exclude other fees such as the cost of books, trips and uniforms and could increase by another 40% for the top tier schools having higher fees.

The insight is another example of how residents of the UAE might benefit companies such as Zurich highlighting the importance of financial planning for our childrens long term education needs in the UAE.

Commenting on the insight, Walter Jopp, Zurich Middle East’s CEO said: “At Zurich – Middle East we are focused on providing the best possible protection and savings options to customers to help them put the right savings plan in place, whatever their financial goals. When it comes to education – as this research shows – it is important to start planning early to ensure enough capital is available when your child is ready to start university. Adopting a long-term approach to savings could help fund the best education for your child without worrying about the cost.”

Building on the insight, the company also contacted a number of UAE students to find out what professions they would like to pursue, and the costs of associated university courses in the UK and US. You’ll be interested to hear that the top five professions included medicine, computer science, business and management, finance and accounting, and engineering.

Read more:

Feeling The Pinch With School Fees

How To Save Money Living in Dubai

How to Save Money Off Your Flights Home

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