To estimate the price of the 2023 Land Rover Defender 110 HSE (P400) with 38000 km mileage, I first looked at the new car price for the same model, which is AED 369900. Given that the car is a 2023 model and it's currently 2024, I applied a 10% depreciation for one year, resulting in a value of AED 332910. Next, I considered the selling prices of similar cars. A 2023 Land Rover Defender 110 SE (P400) with 24000 km was sold for AED 322150 on 2024-08-05. Given that the SE trim is generally lower than the HSE trim, I adjusted the price upwards. Additionally, a 2023 Land Rover Defender 90 X (P400) with 16000 km was sold for AED 271150 on 2024-09-22, but this model is a 90 variant, which is typically cheaper than the 110 variant. Considering the higher mileage and average condition of the car in question, I adjusted the price downwards slightly from the new car depreciation value.