Names of leading brands in various sectors revealed in a new report by Brand Finance
Private schools in Dubai will be able to increase their fees by up to 5.2 per cent, depending on how they fared in the latest annual inspections. Schools whose ratings dropped will not be eligible to apply for any fee increase.
This came as Dubai’s education regulator Knowledge and Human Development Authority (KHDA) announced an Education Cost Index (ECI) of 2.6 per cent, based on which schools can adjust their fees for the 2024-25 academic year.
Stay up to date with the latest news. Follow KT on WhatsApp Channels.
The increase rate is tied to each institute’s rating in inspections that the regulator carries out each year. Any fee adjustment by schools must be approved by the KHDA.
Here are the calculations:
The Education Cost Index is based on the annual audited financial statements of private schools in Dubai. It outlines the operational cost of running a school and is calculated in collaboration with the Digital Dubai Authority.
This is the second year straight that schools are allowed to increase fees after they remained unchanged for three years (2020-21; 2021-22; and 2022-23) due to the Covid-19 pandemic. Educational institutions were allowed to hike fees up to 6 per cent in the 2023-24 academic year.
Shamma AlMansouri, director of Permits at KHDA, said: “Aligning the fee adjustment with schools’ inspections ratings emphasises the quality offered by schools, while enhancing the competitiveness of the sector.
“Furthermore, the application of a scientific methodology to monitor and analyse the audited financial statements of private schools in Dubai allows for a transparent process that takes into account the interests of all our stakeholders. It ensures continuous improvement in the quality of education offered by schools while also safeguarding the sustainability of the private schools’ sector.”
More than three-quarters (77 per cent) of students were enrolled in schools rated ‘Good’ or better during the last academic year. Enrolment at Dubai private schools increased by 12 per cent since the last academic year. More than 365,000 students attend 220 private schools offering 17 different curricula in Dubai.
ALSO READ:
Names of leading brands in various sectors revealed in a new report by Brand Finance
Spot gold was slightly down at $2,335.13 per gram on Monday
As authorities sprang into action to drain waterlogging, tenants and homeowners had to navigate the aftermath of nature's unpredictability
Met Department advised people to take precautions during strong convective cloud activity associated with rainfall over Eastern and Northern areas
Some are leaning on the goodness of the larger community who have rallied to support and get smaller brands back on their feet
Following a $3 per barrel average global price increase in March, petrol prices for April increased by 12 fils per litre in the UAE
The authority is currently taking measures to prevent any unsafe products from reaching the market
The hospital has treated more than 18,000 cases that required medical intervention