No, when people accuse the UAE of slavery they mean the oppressive and exploitive working conditions that abuse the class and wealth hierarchy, into a form akin to slavery. Not actual slavery where people are being sold outright, that is actually outlawed. In the same sense when people say prison labour, and undocumented migrant labour in some highly developed countries is a form of slave labour. It is not slavery in the traditional sense but still a grave abuse of human rights.

Some progress is being made on the matter, and there's still a long way ahead. India-UAE Progress on Migration Agreements and Mobility Pacts. India’s Labour Agreements with the Gulf Cooperation Council Countries: An Assessment.