Dubai to get new schools: More than 2.8mln sqft allocated for educational institutions

Dubai to get new schools: More than 2.8mln sqft allocated for educational institutions

The market value of the investment portfolio managed by the Knowledge Fund Establishment reached Dh1.01 billion at the end of 2023, marking a 47.2 per cent increase from the end of 2022. The Establishment allocated more than 2.8 million square feet of educational assets in Dubai for investors and operators in the education sector in 2023, a 211 per cent increase from 2022. The allocated assets are expected to serve over 18,000 students in the emirate through the forthcoming launch of educational projects including schools and early education centres offering British, Indian, French and American curricula. The assets cover various geographical areas in Dubai, distributed strategically to serve the largest possible segment of the community. These areas include Nad Al Sheba, Al Barsha, Al Khawaneej, Al Twar, Nad Hessa, Mizhar, Al Nahda, and Al Ruwayyah. Sustainable investment portfolio The Knowledge Fund manages an extensive investment portfolio dedicated to strengthening education and knowledge-based initiatives within the emirate. The Fund’s strategic approach to portfolio management, encompassing investment diversification and the pursuit of new, promising investment opportunities set the stage for the portfolio’s sustainable growth. Ahmed Abdulkarim Julfar, Chairman of the Board of the Knowledge Fund Establishment, said: “The market value of the