The construction industry in the United Arab Emirates (UAE) is flourishing. The number pf foreign construction firms have entered the UAE market is on the raise. Despite the booming of construction projects in UAE, the performance of construction companies is a major concern for stakeholders and clients. Contractors are usually blamed for lack of risk management which increase the delays of delivery and raising the const of construction. This situation is the main reason of poor accomplishments of these projects across sub-contracts. Hence, the aim of this study is to investigate the relationship between risk management and the performance of construction companies in UAE. In this study, quantitative approaches are used to evaluate the relationship between project risk management and project performance. The population is made up of 1270 individuals. Those individuals represent project managers and staff from three construction companies, namely: EMAAR (Dubai), Aldar Properties (Abu Dhabi), and Dubai Construction Company. The results reveal that risk management has a significant effect on construction project performance. This findings shows that project managers should be capable to deal with the potential risks that may delay the executions of construction works, and consider not only risk from outside but also risks come from inside the company. However, it is highly recommended that project managers in these three companies to understand complex situations during construction works and use their hard and soft skills to control risks before affect the performance of the project and lead to failure.