Omar Boraie is an Egyptian philanthropist and entrepreneur living in New Brunswick, New Jersey with significant investments in real estate and property. He is the founder of Boraie Development, a family-owned enterprise that is dedicated to developing breathtaking properties while offering exceptional customer service.
According to Patch, when he arrived in New Brunswick more than 50 years ago, he envisioned the development and restructuring of the city’s skyline. He noticed that most people working in the city did not live there, and his goal was to change that. This vision was highly doubted by the residents of the city, but this did not stop him. Omar Boraie established Boraie Development to provide services that addressed the real estate market from start to finish. Such services include property development, real estate management, as well as sales and marketing.
To date, through its marketing subsidiary known as Boraie Realty, the firm has completed both residential and commercial property transactions valued at over $150 million. Boraie Development has achieved an excellent track record for more than 30 years by working in partnership with widely-known architects, contractors, and financial institutions to complete their developments in a timely fashion without compromising on quality.
Omar Boraie enjoys doing business with his family, and most of his children sit on the board of the firm. Sam Boraie, Omar’s second son, is the current Vice President and is responsible for discovering new investment projects. Under his leadership, the company has completed prominent projects such as the Aspire, One Spring Street Condominiums, Rector Street, and Albany Street Plaza in New Brunswick, with ongoing projects in Newark and Atlantic City.
The Social Impact of Boraie Development
Through the hard work and dedication of Sam Boraie, his father Omar’s dream of transforming New Brunswick into a property sanctuary has been achieved. The new developments have increased the number of young professionals living in the city increasing the economic activities in the city.
In an article by NJBiz, through the company, the Boraie Family supports various charities and nonprofits in New Brunswick such as the State Theater, the Rutgers Cancer Institute, and Elijah’s Promise. Elijah’s Promise is a nonprofit dedicated to feeding the hungry in the society, and empowering individuals to access and maintains sustainable jobs. The team at Boraie Development believes that it is necessary to first develop the community before developing any property.
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