With all due respect to the UAE, and they deserve the respect for leading the way to normalization with Israel, they are still behaving like a typical Arab oil state. They throw money at everything that moves.
How much of this spacecraft did the Emiratis (or mainly, their guest worker population) actually develop and build? From what I have read, it was built in the US with US technology and workers, and was sent into space from a Japanese launching pad. Actually, the Saudis did the same thing a few years ago. They paid the French to build a satellite and it was sent into space from a French launching pad in the Caribbean.
Both of these escapades remind me of the way each of these countries fights wars. They hire mercenaries who do all the fighting, under a Saudi/Emirati flag with Saudi/Emirati uniforms. The head of the UAE mercenary army (supposedly quite a good one, as these things go) is an Australian.
I do believe, though, that the UAE is trying to break out of the mold of failing Arab states that have no internal capacity to build anything or to contribute to science and advancement. They wasted 70 years fighting and paying for wars, at first against little Israel, and when they couldn't succeed there they turned to fighting each other, and now Iran. Generally, they have failed at all military ventures. Even in an Arab vs Arab war, no one wins; it ends up as MAD (mutually assured destruction) with an eventual truce due to exhaustion, with no long-term gain for either side. This is what the UAE is now parting company with, which explains their accord with Israel.
Whether they can ever become a productive modern country, with a sense of nationhood, is an open question. Main problem - they have only 1 million citizens. All the remaining 5-6 million are expats. They just passed a law to give citizenship to talented expats who contribute a lot to the society. How many of these expats will actually be given citizenship, and will they be accepted in a very tribal, Muslim society? I don't know, but it seems dubious.