The announcement was made onstage at the Sydney Opera House on 27 November, following an open dress rehearsal ofThe Nutcracker.
The 2014 People’s Choice Award, which is decided by public vote, was awarded to corps de ballet dancer Imogen Chapman from Perth.
Azoury, who began dancing at the age of 4, joined The Australian Ballet in 2008.
'Dimity is a truly standout dancer,' said David McAllister, Artistic Director of The Australian Ballet.
'Her exceptional talent shines through in every performance and across her various contributions to the company. Dimity’s dedication and passion make her the perfect overall package.
'She is a great example of the achievements that can be made through consistent hard work,' he said.
McAllister also thanked the other nominees for 'their sensational dedication and artistry throughout the entire 2014 season'. The other four nominees this year were Cristiano Martino, Jade Wood, Rina Nemoto and Ingrid Gow.
Introduced in 2003, the award encourages young Australian ballet dancers to reach their full potential, and continues to be a calendar highlight for both The Australian Ballet and Telstra, who are celebrating 30 years of partnership this year.
The award has helped catapult the careers of some of The Australian Ballet’s brightest stars, with seven former winners being promoted to principal artist in the company following their award: Matthew Lawrence (2003 winner), Amber Scott (2004), Lana Jones (2005), Daniel Gaudiello (2007), Kevin Jackson (2008), Ty King-Wall (2010) and Chengwu Guo (2011).
The nominees were judged throughout the year on both their on and off stage contributions to the company.
Sydney audiences can see Azoury and Chapman on stage during The Nutcracker which opened on 28 November.