Media playback is unsupported on your device

'Super yachts' still selling in Dubai

19 March 2012 Last updated at 12:23 GMT

Dubai has been playing host to the Middle East's biggest boat show.

It has been a tough few years for the boat industry - with fewer banks willing to lend, speculative spending on luxury yachts has all but dried up.

While it has hit many companies in the industry hard, the market for so-called super-yachts is still buoyant.

But who has the money to buy them?

Katy Watson reports.