Dubai school fees dropped by 15% in past year

New report from Edarabia and Bayut.com found that rents fell in many of the areas in which school fees are highest

School fees are most expensive in Nad Al Sheba, Jumeirah Village Circle and Al Sufouh, according to new data from Edarabia and Bayut.com.

In a report on Dubai school fees versus rent in Dubai, Edarabia found that the average fees in Dubai’s most expensive area totalled AED 65,152 for all year groups.

The lowest school fees were found to be in Deira, Al Qusais, Muhaisnah and Al Karama, with the fees in these areas averaging AED 12,761 per year.

The report found that while most school fees have been updated over the course of the last year, some areas of Dubai experienced reductions of as much as 10 to 15 percent.

Additionally, the report – which covered 24 areas of the emirate – also found that the most expensive neighbourhoods in which to live are located in Dubai Marina, Palm Jumeirah and Al Sufouh.

The most affordable areas were found to be Al Qusais, Al Quoz and Downtown Jebel Ali.

The Q1 report suggests that the lowest apartment rents were found to be in the new, “suburban” neighbourhoods of Dubai, including JVC, Sports City, Dubai Investment Park and IMPZ.

JVC was also be found to be home to the most affordable villas, trailing only behind Mirdif and Dubai Sports City.

Conversely, the most expensive neighbourhoods for apartments and villas were found to be in older, more central areas, such as Al Sufouh, Jumeirah, Nad Al Sheba, Palm Jumeirah and Umm Suqeim.

Notably, rents were found to be falling in many of the areas with the most expensive school fees, such as Nad Al Sheba, The Springs, The Meadows and JVC.

In Nad Al Sheba, for example, the average rent for a four-bedroom villa was found to have decreased by 15.7 percent, while the cost of a three-bed villa fell 20.7 percent.

Rents were found to have remained stable in areas where school fees were the lowest. In Al Karama, for example, the average cost of a two-bed apartment remained at AED 95,101.

View the infographic

Read more: http://www.arabianbusiness.com/education/394985-dubai-school-fees-dropped-by-15-in-past-year