Its like having 2 separate stores one for India and UAE. The static pages, products, currency, payment gateway etc all will be completely different for both stores. So do we need two licenses of the theme. That’s what is our question. Since the domain is same can we put the same license we bought.
Here you are using 2 separate websites on the same domain.
In theory, you are still using the theme on the same domain, you do not have to pay extra to buy the license, but we will only support your website.