The car to be estimated is a 2023 Land Rover Defender 90 HSE (P400). We have a new car price for the same variant in 2025, which is AED 349900. Assuming a 15% annual depreciation, the estimated 2023 new price would be approximately AED 349900 / (1 - 0.15)^2 = AED 349900 / 0.7225 = AED 484200. The car is now one year old, so we apply a 15% depreciation to this value, resulting in AED 484200 * 0.85 = AED 411570. We also have a selling price for a similar 2023 Defender 110 HSE (P400) at AED 301750, which is a larger model. Considering the 90 HSE is typically priced lower than the 110 HSE, we adjust the estimated price downward. Balancing these factors, the estimated market price for the 2023 Defender 90 HSE (P400) is AED 350000.