The statistics from Bayut.com and Edarabia reveal the most - and least - affordable areas to live and send children to school
Dubai’s Nad Al Sheba, Jumeirah Village Circle (JVC) and Arabian Ranches are the areas with the highest school fees in the emirate, according to data released by Bayut.com and Edarabia.
The most expensive school fees were in Nad Al Sheba, where yearly school fees average AED836,563 across all year groups, compared to AED723,750 in JVC and AED692,401 in Arabian Ranches.
The data found that when the areas with the most affordable schools were Al Quisais/Muhaisnah, where the average yearly fee is AED198,836, Al Karama (AED182,653) and Deira, in which are area’s 17 schools averaged AED169,35 a year.
A total of 10 new schools were brought on the market this year – bringing the total to 195 – which led to a three to five percent decrease in school fees among newer schools.
The report also examined yearly rental data for one, two, and three bedroom apartments, as well as three and four bedroom villas in 22 areas for Q3 2017. The statistics show that residential rents have fallen by as much as 3.5 percent in some areas. Three bedroom villas are now available in Mirdif, JVC and Dubai Sports City for average annual rents of approximately AED147,000.
The lowest rents for two bedroom apartments were found to be in International City (AED65,693), Al Qusais (AED69,668) and Al Quoz (AED72,131). The most expensive two bedroom apartments were in Jumeirah (AED187,596), Palm Jumeirah (AED170,691) and Dubai Marina (AED144,828).
Average yearly rental prices were lowest in Al Qusais (AED52,293) and International City (AED44,416) and highest in Dubai Marina (AED93,998) and Palm Jumeirah (AED141,286).