Dubai is not bigger than Singapore in terms of population. Singapore has a population of approximately 5.69 million, while Dubai has a population of around 3.43 million. However, Dubai is larger in terms of land area, being a part of the United Arab Emirates (UAE) and having a more sprawling urban landscape.
Lifestyle in Dubai vs. Singapore
One of the biggest draws of both Dubai compared to Singapore is the promise of a high quality of life. Both rank as some of the safest and cleanest cities in the world, with low crime rates and spotless streets.
Singapore edges out Dubai when it comes to green space, with over 50% of the city covered by greenery, earning it the nickname “Garden City”. In contrast, Dubai is a city built in the desert, with a more sandy and arid environment, although it does have some green spaces like parks and the famous Dubai Miracle Garden.
When it comes to diversity and culture, both Dubai and Singapore are melting pots. In Singapore, the main ethnic groups are Chinese, Malay, and Indian, reflected in the incredible variety of food, festivals, and traditions celebrated there.
Dubai also has a huge expat population hailing from all corners of the globe, although Emiratis, the local Arab population, make up only about 15% of the total. While Dubai is incredibly diverse, the local culture and traditions are not as integrated into daily life as they are in Singapore.
Cost of Living in Dubai Compared to Singapore
Both cities have reputations for being expensive, but the cost of living in Dubai can be slightly lower than in Singapore.
Restaurants in Dubai cost 7.8% more than in Singapore, while shopping for groceries in Dubai will likely save you 37.5%. However, the local purchasing power in Dubai is 24.1% lower than in Singapore, meaning that the same amount of money can buy more goods and services in Singapore.
Business Environment in Dubai vs. Singapore
Singapore is a mature global business hub, known for its ease of doing business, efficient government services, and excellent infrastructure.
The country has a robust legal system based on English common law, which is known for its strong protection of intellectual property rights and efficient dispute-resolution mechanisms. Singapore’s economy is more diversified, with international trade, banking and finance, IT, and shipping among its key sectors.
Dubai, on the other hand, has a business-friendly environment, low bureaucracy, and a strategic location that makes it an ideal gateway to the Middle East and Africa.
The city is mainly an oil-production focused economy, but it has succeeded in reducing its dependence on oil and encouraging the growth of tech, trade, and tourism industries. Dubai’s legal system is based on a combination of international and Sharia laws, which can impact various aspects of its business laws.
Tax Policies in Dubai and Singapore
Singapore has one of the lowest corporate tax rates in the world, currently at 17%, with several tax incentives and exemptions to encourage businesses to set up in Singapore.
Dubai, on the other hand, has no corporate or personal income tax, making it an attractive option for businesses looking to reduce their tax liabilities. However, Dubai’s VAT rate is 5%, applying to almost all goods and services, with VAT registration mandatory if the business turnover exceeds AED 375,000.
