Real-time FTIR spectroscopy was used to study the chemical and physical factors, e.g., photoinitiator and temperature, affecting the UV curing of dried films from aqueous polyurethane acrylate dispersions. Poor conversion of the acrylate double bonds (67%) observed at room temperature can be overcome by irradiation at elevated temperatures. At 353 K almost complete conversion is observed, even with reduced photoinitiator content. Single or multiple UV-light flash experiments were performed to simulate technical parameters, e.g., cure speed and number of required UV lamps, with the help of RTIR spectroscopy. The results obtained were confirmed by pilot-scale UV curing experiments: one or, at most, two UV lamps of high intensity are sufficient for the curing process with respect to the double-bond conversion. The coatings based on the polyurethane acrylate dispersion show low sensitivity towards oxygen from air. Moreover, in comparison to UV curing under inert nitrogen atmosphere, a small “positive” effect on the conversion in the presence of air has been observed, which might be due to the contribution of peroxyl radicals or their decomposition products to curing.