A 2D oxalate-bridged dysprosium(III) compound, formulated as [Dy(C2O4)1.5(H2O)3]n·2nH2O (1), has been hydrothermally isolated. As for compound 1, structural analysis reveals that the nine-coordinated Dy(III) ions reside in a slightly distorted tricapped trigonal prism. Under an applied magnetic field of 700 Oe, the compound was magnetically characterized as a new example that two slow relaxations of the magnetization processes can be observed in a 2D oxalate-bridged dysprosium(III) layer.