I started by examining the dealer sold prices for similar cars. Two 2023 BMW XM V8 650HP models with similar mileage and specs were sold for AED 424,150 in October and November 2024. These are the most reliable data points as they reflect actual transactions. Next, I looked at the listed prices for similar cars, which ranged from AED 499,000 to AED 535,000. These are higher than the selling prices, likely due to sellers listing at a premium. The car in question has slightly lower mileage than one of the sold cars and similar mileage to the other, both sold for AED 424,150. Considering the car's average condition, I estimate its market price to be slightly lower than the dealer sold prices to account for the condition and the fact that listed prices are generally higher than selling prices.