I started by looking at the selling price of a similar 2022 Mercedes GLE450 with 44000 km sold for AED 259250 on 2024-08-03. This is the most reliable data point. The car to be estimated has slightly higher mileage at 48000 km, which might slightly reduce its value. The new car price for a 2025 GLE450 Standard SUV is AED 425000. Considering a 15% annual depreciation, a 2022 model would depreciate approximately 45% over three years, leading to an estimated value of around AED 233750. However, the actual selling price of AED 259250 is more reliable. Listed prices for similar cars range from AED 305000 to AED 341000, but these are higher than the selling price, indicating they are likely overestimated. Considering the selling price and the slightly higher mileage, I estimate the market price to be slightly lower than AED 259250.