Reported 24 days ago
Expats in Dubai are paying up to $33,000 for school fees at institutions like GEMS World Academy, fueling the rise of wealth for the school's founder, Sunny Varkey. As Dubai's population swells with affluent expatriates drawn by its financial sector and favorable tax environment, demand for premium private education is surging. The Varkey family, now controlling a fortune estimated at $3.7 billion, plans to expand GEMS's school offerings amid rising tuition costs that many families are struggling to meet. Despite the heavy financial burden, parents continue to prioritize education, often negotiating for higher salaries to cover expenses.
Source: YAHOO