The new mortgage law excludes properties granted by the government to UAE citizens for residential and commercial purposes, as those are subject to orders and instructions issued by the Ruler. The provisions of the law will be applied to properties for mortgage as property insurance with no difference between full towers or units. The legislation is applied to properties to be mortgaged whether they are full buildings, units, or plots under the property insurance. The law does not differentiate between full towers, units, plots or rights to a property sold on the map. The law will not change the business practices of the existing lenders in the market, said Arif Al Harmi, chief executive of mortgage lender Amlak Finance, Dubai.