To estimate the price of the 2023 Toyota Corolla 1.6L XLI XLI HEV, I first considered the new car prices. The 2025 Toyota Corolla 1.6L XLI is listed at AED 74900. Assuming a 15% annual depreciation, the 2023 model would have depreciated for two years. The depreciation for one year is 15%, so for two years, it would be approximately 28% (1 - 0.85^2). Applying this depreciation to the new car price: AED 74900 * 0.72 = AED 53928. Next, I looked at the offers accepted by sellers. A 2023 Toyota Corolla XLi 1.6L I4 with low mileage had an offer accepted at AED 71000, while a higher mileage 2.0L variant had an offer at AED 50000. The target car is a hybrid, which typically holds value better. Considering these factors, the estimated market price is adjusted slightly higher than the depreciated value to account for the hybrid variant's value retention.