Digital leader LG Electronics has won a Dh140 million ($38.11 million) contract from Goldcrest Properties to deploy its HomNet smart home technology in Goldcrest's Smart City project.

LG HomNet will deploy its Home and Community management solutions for the project addressing the growing need for smart home solutions in today’s fast paced life.

Goldcrest Properties is a division of Giga Group.

This alliance will offer tenants a modern lifestyle with sophisticated amenities such as ultra-high speed Internet access, keyless home entry, video and audio communications, integrated security with CCTV streaming, parking and access control, community portal solutions and much more, said a statement.

“Recognising the potential of its product offering, developers are now choosing LG HomNet to provide customers with a convenient and secure lifestyle integrating digital home solutions,” said KW Kim, president of LG Electronics Middle East and Africa Regional Company. “We are well-positioned to support the region’s booming property developments and are confident of LG’s growth in this niche sector.”

Strategically located on Emirates Road and within close proximity to Dubai International Airport, Smart City will offer over 3,500 luxury apartments comprising studios, one-bedroom and two-bedroom units all of which are equipped with LG HomNet's home management solutions.

LG HomNet home solutions also include access control for the household and common entrances, notifications of visitors during the absence of the owner, and other convenient features.

“It is with great pride that the Giga Group launches a project that offers residents smart living options. What we are developing is not a static sculpture, but a lifestyle,” said Amir Giga, managing director of Goldcrest Properties. “As the proven specialists in smart home technology, LG Electronics offers a number of advantages over other providers, while boosting our own stature in the region’s construction sector.” - TradeArabia News Service