New insight from Zurich – Middle East has found that the cost of putting one child through education from pre-school through to university costs Dh938,599. This marks the second consecutive year that education from pre-school through to university could cost families in the UAE almost Dh1 million per child.
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.
In the UAE, pre, primary and secondary school costs add up to an average of Dh528,486 per child, 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 up to 40 per cent for top tier schools.
Commenting on the insight, Walter Jopp, CEO at Zurich – Middle East, said: “At Zurich – the 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.”