Ultraviolet (UV)-curable polyurethane acrylate ionomer (PUAI) prepolymers were synthesized from isophorone diisocyanate (IPDI), poly(methylene ether) glycol (PTMG), 2,2-bis(hydroxymethyl) propionic acid (DMPA), triethylamine (TEA), 2-hydroxy ethyl acrylate (HEA), and dibutyl tin dilaurate (DBT) as a catalyst. UV-curable polyurethane acrylate ionomer aqueous dispersion was formulated from the prepolymers, water (30 wt %), and 1-hydroxycyclohexylhenyl ketone (Irgacure 184) as a photoinitiator. The films of UV-cured polyurethane acrylate ionomer were formed by curing the dispersion using a medium-pressure mercury lamp (80 W/cm; lambda max = 365 nm). Gel content decreased with increasing water content in the aqueous dispersion. Effects of DMPA content and molecular weight of PTMG and the degree of neutralization on the physical properties were investigated. It was found that the storage modulus increased with increasing DMPA content. Tensile modulus and strength decreased with increasing the molecular weight of PTMG; from 650 to 2000. The glass transition temperature shifted to a higher temperature as the content of DMPA increased. As the degree of neutralization increased, the tensile strength and modulus decreased. However, the elongation at break increased.