Yes. It would be. Did you read the rest of my post? Let me repeat it..."The UAE is rapidly becoming one of the world's leading trading powers. It is an anchor of stability in an incredibly unstable region." It is not unlike Hong Kong or Singapore in this regard.
Hong Kong and Singapore have real governments that abide by the rule of law -- British common law, that is. You could look it up.
Wake me up when Dubai can say the same. Sharia law doesn't count.