I would like to present our new UDK project. It is architectural visualization based on one of the Abdeen's palace rooms. It was done as a demo to win the client and to show that photorealistic AND real-time is possible.
There is no pre-baked lighting in the room, it was lit completely in UDK.
This is link to 1080p video, don't forget to put the quality to max in YouTube window: http://www.youtube.com/watch?v=7_h0UnUdLH8&hd=1