I guess it's a must to simply survive there, but to have a great career you need much more than that, especially in a highly competitive place like Dubai !
I don't think it's going to boost your career neither send it backward. Dubai is a very open country where the population is most of it composed by foreigners. For me knowing more than2 languages is ALWAYS a plus and needed, to show you can adapt quicker than others...but that doesn't especially mean that you're smarter.