I started by examining the selling prices of similar cars. Two 2022 Toyota Corolla 1.6L XLI models with similar mileage were sold for AED 56941.5 in late 2023. Given the passage of time, I considered a slight depreciation for the additional year. The new car price for a 2025 Toyota Corolla 1.6L XLI is AED 74900. Applying a 15% annual depreciation for two years, the estimated value of a 2022 model would be around AED 54000. Considering the average condition and higher mileage of the target car, I adjusted the estimate slightly lower than the selling prices from 2023.