The General Authority for Statistics (GASTAT) announced that Real Estate Price Index increased by 0.8% during the second quarter of 2023 compared to the same quarter of last year (Quarter 2 2022). This increase is boosted by the slight increase in residential real estate prices by 1.1%.  
According to the publication results, the residential sector prices increased by 1.1% as a result of the increase of residential lands by 1.2%, on a yearly basis during the second quarter of 2023. In addition, the prices of apartments increased by 1.0%, whereas the prices of buildings decreased by 0.9%, prices of villas by 5.0%, and prices of houses by 0.1%
On the other hand, the commercial sector recorded an increase of 0.2% driven by the increase of commercial lands prices by 0.2%. However, the prices of stores decreased by 1.1%, while the prices of commercial buildings and centers remained stable and did not record any percentage change during the second quarter of 2023.  
The agricultural sector registered a decline by 0.3% influenced by the decrease of agricultural lands prices by 0.3%. 
The Real Estate Price General Index rely on the Ministry of Justice’s administrative data on real estate transactions. This index is an important tool that helps all concerned entities to make relevant economic and statistical decisions on the real estate prices movement and future anticipations over different periods of time. The index includes three main sectors that consist of several real estate categories:  residential sector, which consists of the following categories: (Land, building, villa, apartment, and house), commercial sector which consists of:  (Land, building, store/shop, and commercial center), and the agricultural sector which includes one category only (Agricultural lands).