How Omar Boraie has Invested in the Real Estate Business

Omar Boraie is one of the most successful entrepreneurs in New Brunswick, Canada. He was born in Egypt and left his motherland about four decades ago. Boraie has currently ventured in the real estate development sector and has made several transformations that have improved the state of the city. He completed his higher education in Europe and is a Ph.D. holder. Omar developed the passion for real estate development when he was in Europe. He noticed that most communities in the region had well-structured housing programs. The entrepreneur started investing in the field despite having less knowledge and no academic credentials.

Omar Boraie is the proprietor of Boraie Development, which is one of the leading real estate firms in New Brunswick. The company was created in 1975. The New Brunswick real estate was not well developed during that time, but Omar was not discouraged. The firm has established many buildings to date. It completed the development of Albany Street Plaza Tower One in 1988. Omar later invested in the Albany Street Plaza Tower Two, which was launched in 2007. The latest building that has been constructed by Boraie Development is the One Spring Street condominium. You can visit boraie.com to know more.

The One Spring Street condo is a residential property that has 120 top-notch apartments that can be purchased by anyone who needs a decent home. The housing units have varying sizes, and they include one, two, and three bedrooms. They all have a wide balcony and floor-to-ceiling windows. Most of the apartments at One Spring Street have two bedrooms, and they are sold for about $400,000 to $500,000. Omar’s company has been acquiring low-value land and buildings across the city, and it renovates them to create modern commercial and residential houses.

Boraie Development’s current vice president, Wasseem Boraie, is Omar’s son. He is a very innovative individual and has assisted the company completing significant projects. Wasseem led the enterprise in acquiring buildings that were around the Richard Stockon College and transformed them into great residential condos. He also led the firm in renovating hostels that were being used by the college students.

Omar is committed to his real estate development career despite having excellent academic qualifications in science. His innovation has assisted in bettering the state of the city’s housing. He has been working with various leaders in the industry, and this has enabled him to be well connected. The accomplishments of Boraie Development will be recognized for decades.

Check out the website boraie.com

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