It is crucial to use a suitable dewatering technique to prevent land subsidence and substantial decreases in groundwater levels caused by the dewatering of groundwater during the construction of underground projects. Therefore, in this study, a generalized three-dimensional numerical model of groundwater flow was implemented for an underground station pit project. The dewatering efficiency of the coupled radial well-curtain method was investigated and compared with that of a traditional method. In addition, the influence of different structures and parameters (radial pipe diameter, conductance, number of radial pipes, and shaft drawdown) on the dewatering efficiency was assessed. The results showed the following: (1) radial wells caused less disturbance to the groundwater seepage field and extracted less groundwater during the dewatering process compared with pumping wells; (2) the structure and parameters of the radial wells positively correlated with the dewatering efficiency; (3) the curtain improved the dewatering efficiency, resulting in lower amounts of groundwater discharged and less disturbance to the groundwater flow field; and (4) the coupled radial well-curtain method is an efficient dewatering method that could effectively prevent the lowering of groundwater level outside the foundation pit, thus reducing the risk of land subsidence in the surrounding area.