The exact figure, AED938,599, 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 AED528,486 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% for top tier schools.
The insight “is another example of how Zurich – Middle East works alongside its distribution partners to raise awareness and highlight the importance of financial planning for a child’s education in the UAE,” the company said in a statement.
“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,” Zurich – Middle East chief executive Walter Jopp said.
