Hunt, the chief executive of the BOA and Team GB Chef de Mission at the Beijing 2008 and London 2012 Olympics, received the award along with BOA Athletes' Commission Chair Sarah Winckless in Dubai.
Founded in the United Arab Emirates to honour overachievement in sport on a local, regional and international level the BOA were awarded the prize in the Global Corporate Creative Sports Category.
It was the BOA's corporate creativity and innovation in preparing and supporting Team GB at London 2012 that stood them out from over 100 other National Olympic Committee’s that submitted an entry.
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Sports Council, presented the BOA with the accolade at a ceremony attended by local and international sports leaders.
And Hunt insisted it was an honour to receive the award, he said: "The British Olympic Association is an athlete-centred organisation, anything and everything we do is measured by the performance first principle.
"For the London 2012 Olympic Games, our goal was to make certain Team GB was the best-prepared British Olympic Team ever, with every possible detail planned and delivered prioritising athletes' needs and views in every decision.
"We hope the results speak for themselves: Team GB was able to deliver the best performance in 100 years while fulfilling our target of more medals from more sports than in a century. We are very thankful to have been considered for and honoured with this prestigious Award."