Financing a coastal property often requires a larger initial investment than inland real estate. Interest rates, loan terms, and down payment requirements can vary depending on the location and the buyer’s residency status.

Beyond the purchase price, you should also factor in hidden costs such as registration fees, agent commissions, insurance, maintenance charges, and property management fees. Coastal homes may also require higher insurance premiums due to exposure to environmental risks.

To avoid surprises, create a comprehensive financial plan that includes both upfront and recurring expenses. This ensures that your investment remains sustainable over time. apartment in ras al khaimah for sale