http://gulfnews.com/business/your-money/cost-of-raising-a-child-in-the-uae-1.789248 Children are a joy to have but they constitute the single greatest expense for many families. In the UAE, the costs of raising two children run up to Dh60,000-Dh125,000 a year, eating away as much as 25 per cent of a couple's combined annual income. Major expenses revolve around education and amusement or leisure for children which can easily add up to Dh95,000 a year for some households. The above figures are based on interviews with different families. Separate figures released by financial adviser Candour Consultancy showed that bringing up a child to the age 18 can cost parents in Dubai a staggering Dh1.14 million. Approximately, the biggest chunk (Dh400,000) will be spent on education. An almost equally significant amount (Dh300,000) will go to childcare and babysitting, and the third biggest expense will be children's toys, hobbies and leisure (Dh150,000). The aggregate cos...
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