Desert Oasis vs. Garden City: Comparing Property Tax Regimes in Dubai and Singapore
Though similar in many ways, Dubai and Singapore differ markedly when it comes to implementing property taxes. Property taxes are imposed by governments on property owners based on the assessed value of their real estate. Revenue from these taxes goes towards funding public services and infrastructure, including....ercentage (per thousand dollars of assessed value). Local regulations determine how to assess a property's value; they can include factors like location, size, age and market conditions. Owners are required to pay taxes based on the assessed value of their property. Failure to do so can result in pe