The car to be estimated is a 2016 Range Rover HSE with a 340PS V6 engine, which is a base variant. The most relevant data point is the 2017 Range Rover HSE 3.0L V6 SC with a 380PS V6 (Base+) variant, sold for AED 160,000 in June 2023. This car has a slightly higher variant and lower mileage (47,800 km) compared to the target car. Considering the target car's higher mileage (150,000 km) and the fact that it is a year older, a significant depreciation is expected. The 2016 Range Rover HSE 5.0L V8 with a 520PS V8 (Top) variant sold for AED 98,500 in April 2024, but this is a higher variant. The accepted offer for a similar 2016 V8 variant was AED 90,000 in March 2024. The listed prices for 2016 V8 variants range from AED 82,500 to AED 125,000, but these are higher variants. Considering the base variant and higher mileage, the estimated price should be lower than the V8 variants. Therefore, the estimated market price for the 2016 Range Rover HSE 340PS V6 is adjusted to reflect its lower variant and higher mileage.