Would it be immune to accelerated climate change on Earth?
availability of land isnt the only factor here.
(i dont actually know the answer to these questions, and obviously it would likely depend on the details of this water habitat)
http://www.space.com/18504-mars-rover-curiosity-astronaut-ra...
The Moon, on the other hand, is baldly exposed:
https://science.nasa.gov/science-news/science-at-nasa/2005/0...
In the distant future, Mars may not necessarily afford protection either.
It's going to be sad if the doctrine of mutually-assured destruction some day applies within a multi-planetary context.
Most likely this would take the form of national territories being established on Mars by existing nuclear powers, the weapons either being imported or fabricated on-site.
Of course, the wierder scenario is one where advancements in propulsion technology allow for faster and cheaper delivery of payloads to Mars, resulting in some sort of Earth-to-Mars nuclear strike capability. Transit may remain quite latent, but it could still do the job. Imagine having weeks or months to contemplate an incoming nuclear attack.