28 November 2010 Last updated at 12:25 GMT Help
Dubai shocked markets around the world last November when one of its biggest companies asked for a 6-month standstill on its debt repayments.
One year on, and Dubai World has agreed a restructuring deal with its creditors. But its property arm Nakheel, the developer of Dubai's Palm Island, is yet to agree on its restructuring arrangements.
It has recently restarted some of its short-term projects but longer-term developments, which include two other Palm Island projects as well as the multi-island development The World, are still on hold.
So how is Dubai moving on from the events of the past year? Katy Watson's been finding out.
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