The 14-year-old Anfield midfielder won the Up and Coming gong awarded to the top young Asian starlet at academy level, while Manchester United playmaker Shinji Kagawa missed out on the South-East Asian Player of the Year accolade to Cardiff City's Kim Bo-Kyung.
The second annual Asian Football Awards recognised outstanding talent at a ceremony held at Wembley Stadium on Tuesday evening.
A whole host of football's best and brightest were honoured at the event, with Dhanda seeing off competition from the likes of Brighton's Dylan Lall and West Brom's Samir Nabi to win the top starlet prize.
Dhanda actually joined Liverpool from West Brom earlier this year following a lengthy pursuit. The Anfield giants had to battle interest from Arsenal to land the teenage wonder-kid, who's rated as one of the best young players in England in his age group.
As for Kagawa, the Japan international lost out to Bo-Kyung. The Manchester United playmaker has barely featured under new boss David Moyes this season, and recently admitted he needs to improve if he's to nail down a first-team place at Old Trafford.