RERA will set up an index for schools to prevent unjust price hikes
A rental index for schools and education centres is to be set up, it has been announced.
Dubai's Real Estate Regulatory Authority (RERAand the Knowledge and Human Development Authority (KHDA) will jointly develop the index, aimed at providing benchmark rental prices for public and private educational buildings in the emirate.
It is hoped the index will erase irregularities in pricing and prevent unjustified hikes in rent.
"At present rents for adjacent schools can vary significantly, which in the case of private schools has a knock-on effect on the level of tuition fees. The new scheme, which will involve the development of long-term rental contracts, is intended to smooth out such disparities and inconsistencies," the KHDA, the Dubai government's education department, said in a statement on Monday.
The index will cover universities and training institutions as well as schools.
Just over 70 percent of schools, or 103 out of 144, currently have rental agreements in Dubai.
RERA also has a residential housing rental index. It was first issued in January and was updated at the end of April.
With a tax on goods and services set to come in on January 1, 2018, We asks financial experts how it...
Watch – Dubai’s self-flying taxis take to the skies
Early footage shows remarkable progress being made already
US laptop ban lifted for Abu Dhabi flights, Dubai soon to follow
Passengers flying to the US can now carry electronic devices on board
Dubai Police remind residents about home security service
Don’t forget they can keep an eye on your home while you’re away
A concerned mom Jun 09, 2009 05:00 pm
I have been school hunting for the last six months and I have to say that with the instability of expat's jobs in Dubai, and the falling rents, I am suprised that the school fees have not fallen!!!
There has to be reasonable fees for the expat education...Not something as ridiculous as Dhs80,000 a year from GEMS school!! Wish I had the money to open a simple school with good teachers (just because they are English doesn't not mean they are worth all that money! ) who are really qualified teachers. Liaise after school activities from outside providers as part of the curriculum so schools do not have to pay so much money to rent out these grand schools!
Honestly you haven't got that many choices for a reasonable fees.
DESS charges the same fees for a Foundation class of 3 year old to an 11 Year old fees - how does that work out??