The octogenarian singer is known for her incredible range and versatility, having recorded every style of music from film to folk songs, Indian classical music to pop songs, as well as ghazals and bhajans.
The veteran singer is glad about the honour.
"I am delighted to have been nominated to receive this Lifetime Achievement Award from DIFF in Dubai - a place with long historic ties to my country. I look forward to visiting this special film festival, which has done so much work to promote the art worldwide," she said in a statement released on the official site of the film festival.
DIFF Chairman Abdulhamid Juma also had good words to share about Asha.
"Asha Bhosle is a stalwart of the Indian music scene, and we are proud to be honouring her with this DIFF Lifetime Achievement Award. Her work has touched almost every corner of the world: we look forward to welcoming such a legend to Dubai and DIFF," said Juma.
The Lifetime Achievement Award is dedicated to honouring the world's greatest film actors, writers, directors and producers. Previous winners include Martin Sheen, Omar Sharif, Faten Hamamah, Adel Imam, Jameel Rateb, Sabah, Morgan Freeman, Sean Penn, Amitabh Bachchan, Shah Rukh Khan, Daoud Abdel Sayed, Youssef Chahine, Rachid Bouchareb, Souleymane Cisse, Nabil El-Maleh, Oliver Stone, Danny Glover, Terry Gilliam, Yash Chopra, Subhash Ghai, Michael Apted and Mahmoud Abdel Aziz.
The film festival will start Dec 10 and will go on till Dec 17.