Earlier, interest-free loans were announced for Emiratis whose businesses were affected by the rains, with a grace period of 6 to 12 months
The earnings continue to rise significantly year after year. The last report, which showed data for the 2017-18 academic year, said that the schools earned Dh7.5 billion.
In 2016-17, schools generated Dh6.8 billion in revenue, Dh6.1 billion in 2015-16, Dh5.3 billion in 2014-15 and Dh4.7 billion in 2013-14.
The average fees paid in Dubai is Dh29,057, based on KHDA approved fees, and 51.1 per cent of students pay less than Dh20,000, according to the new data released on Wednesday.
Currently, there are 295,148 students enrolled in a total of 208 private schools in Dubai. The total number of seats available across the emirate is 363,643.
"Dubai's private education sector continues to build on its success and pave the way forward by embracing Dubai's vision for the next 50 years in line with future expectations," Dr Abdulla Al Karam, chairman of the Board of Directors and Director General of the KHDA, said. "The success of key economic sectors in Dubai has created new opportunities that are contributing towards better infrastructure and creating more choice for families.
"The opening of new private schools, training institutes and international branch campuses in Dubai over the last decade has stimulated growth and helped us create a diverse education community with diverse curricula and programmes that meets the expectations of families. Today, there is a wide range of options and choices in the market, compared to 10 years back, and this has resulted in the sector's steady progress making Dubai even more attractive - both regionally and internationally. We want to sustain the progress and work as a catalyst to further strengthen the education sector and fulfill our aspiration to promote lifelong learning."
sarwat@khaleejtimes.com
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