Yes, the coverage of 5 GHz is different to the 2,4 Ghz band.
And yes, it has only the 4 channels that are allowed world wide.
I hope D-Link will build localized firmwares, which handle the number of channels depending on where you are. But as these 4 channels are none overlapping, they are more than you have in the 2,4 GHz band. There are only 3.