Dehumidification evaporative cooling (DEC) systems exhibit superior environmental adaptability compared to conventional evaporative cooling systems. However, the dehumidification process in DEC is coupled with its cooling process, presenting challenges in adapting to varying environmental conditions. To address this issue, this study proposes a novel dual-return-air dehumidification evaporative cooling system (DDEC) that utilizes two return airflows to control both dehumidification and cooling efficiency. A thermodynamic model based on COMSOL LiveLink with MATLAB for the DDEC has been established and validated, enabling an analysis of the impact of operational parameters on its performance and the identification of key parameters. The results show that there are an optimum inlet flow rate (1100 m3/h) and a third flow rate control factor (0.2) that maximize the coefficient of performance (COP), giving the maximum COP of 0.87 and 0.35 respectively. Moreover, the first and second air flow rate control factors only have a significant influence on the supply air humidity of the DDEC. A higher regenerative temperature can reduce both the temperature and humidity ratio of the supply air but tends to decrease COP. Finally, a single-directional controlling strategy is proposed and analyzed for the DDEC application in different environments.