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Dirhams is not on the list of acceptable currencies with CBA period (LMI or no LMI) but credit may consider it so it looks like credit have previously signed off on it. Anyways - what if you did a modelled valuation with say Westpac and it came back higher than the existing CBA val and you...

CBA have a very limited list of currencies they will accept. Westpac will accept UAE Dirhams but max LVR is 80%. I would try and pull some equity from other properties so that you can do the deal at 80% LVR.