Dubai is emerging as an educational hub in the UAE. With its ever-expanding population, the demand for educational institutes is on a growth spree. The city puts forth a variety of courses in culture, literature, business, medical, art, and many more to encourage learning and knowledge sharing.
The education sector in Dubai is set to welcome many more teaching facilities as the demand surges further. The steady growth of these facilities over the last two decades indicates that even with wide availability of educational institutes, there is still room for new businesses in the sector.
According to a report by Technavio, the UAE’s education market is poised to record a CAGR of 5% during 2020-2024. More than half of the training centers and educational institutes in the region are situated in Dubai. As such, local and international private institutes are rapidly foraying the Dubai market to tap this growing demand.
Benefits of setting up an educational institute in Dubai
Dubai’s open economy, favorable business environment, and a wide base of ex-pats have acted as a major driving force for the growing number of educational institutes being set up in the city. Moreover, the benefits offered to those investing in the field of education in Dubai are unparalleled.
- Growth prospect
The rising employment and business opportunities in Dubai have resulted in an increasing number of families entering the country. This has created a need for a variety of courses. The government is also focused on providing better education to the people of the country. This makes Dubai an ideal environment for setting up an education business.
- E-learning opportunities
The UAE government has launched the education 2020 strategy, which includes the implementation of distance learning for all schools and educational institutes as a precautionary measure against COVID-19. This initiative has given educational businesses an opportunity to include e-learning as part of their institution. Setting up an e-learning facility is cost-effective and can easily be accessed by everyone. All that is required is a stable internet connection and a device such as a computer, laptop, tablet or mobile phone.
- Strategic positioning of UAE
UAE is strategically located between Asia, Europe and Africa, which is a major advantage to investors. Besides, the country is in proximity to some of the world’s fastest-growing economies in Asia. Collectively, South Asians (Indians, Bangladeshis, Pakistanis and others) alone make up 59.48% of the country’s population.
- Government support
Dubai’s educational institutes are continuously evolving to better suit the needs of the current business scenario and competitive job market. The government has also assisted many entrepreneurs in setting up educational businesses in the city, the efforts of which are quite evident through the dominance of the private sector in Dubai’s education industry.
Starting an educational institute in Dubai is a straightforward process. At Flying Colour Business Setup Services, we provide a simple and effortless approach for setting up your business in Dubai. If you are interested, reach out to us at +971 4 4542366 or email us at email@example.com.
*Please Note: This article was published on 01st June 2021. The information provided in the article is based on the policies and rules applicable at the time of writing it. Talk to one of our consultants for any recent update or change.