Peace be upon you.
I have a consultation regarding the project of purchasing an apartment in the Al-Khuwair area overlooking the sea, valued at 1,200,000. The amount I have available is 1,370,000, some of which is inheritance and some I have saved up.
I own an apartment in Al-Khobar in addition to the apartment I am looking to invest in.
Is the project of purchasing an apartment and renting it annually profitable, or should I keep my capital for other opportunities?