The story begins in the 1970s when our grandfathers first arrived in Dubai, witnessing a city in its infancy — a vast desert with only a few buildings dotting the landscape. Their vision, however, was clear: Dubai was a land of infinite potential, a place where business would flourish, and one of the most promising sectors was construction.
In 2023, Shanay returned to Dubai and, after discussing the market with Raunak, who was already well-established in real estate, they realized they had the perfect platform to build something extraordinary. Both their fathers have been deeply involved in the freehold real estate sector since its early days in Dubai, and together, they decided to build on this foundation. With a vast land-bank and the right market conditions, they knew it was time to bring Siroya Ventures into the spotlight.
The name Amethyst was chosen as a tribute to our family’s roots in the jewelry industry, where we are the one of the region’s largest and most renowned jewelry brands. Just as Amethyst, the gemstone, represents wealth, power, and luxury, it also symbolizes clarity and protection, much like our approach to real estate. The precious stone’s deep meaning aligns with our commitment to creating homes of timeless value and unparalleled quality. Just as we’ve created a legacy of exquisite jewelry, we are now creating iconic homes that blend luxury with purpose.
Siroya Ventures stands as a reflection of our family’s enduring values: a rich legacy of craftsmanship, a deep understanding of Dubai’s landscape, and a commitment to excellence that spans generations. With Amethyst, we aim to deliver more than just homes; we are crafting a legacy of luxury, sophistication, and exclusivity.