By Staff writer
Property consultancy Colliers says that regional slowdown is hitting parents’ ability to pay school fees
British curriculum schools in the UAE need to have an “affordable” fee structure as parents’ ability to pay is being hit by the regional economic slowdown, according to Colliers.
In a recent report, the property consultancy advises that fees should be in the range of £6,000 (AED26,860) to £12,000 (AED53,706) per annum. However, the majority of British schools have fees ranging from £8,000 (AED35,797) to £20,000 (AED89,493) a year.
“Many employers and government agencies have started to curtail education allowances that directly affect parents’ ability to afford schools due to the impact of the recent drop in oil prices and the resultant economic slowdown,” said Mansoor Ahmed, an education analyst at Colliers.
“This is expected to lead to higher demand for affordable schools in the future to provide schools that most parents can afford,” he added.
Dubai requires additional 55,000 to 74,000 seats, while Abu Dhabi needs 39,000 to 52,000 places in British curriculum schools by 2025, Colliers said.