Arid grassland ecosystems are widely distributed across Central Asia. However, there is a lack of research and observations of the land-atmosphere exchange of water and heat in the arid grasslands in this region, particularly over complex surfaces. In this study, systematic observations were conducted from 2013 to 2015 using an HL20 Bowen ratio and TDR300 and WatchDog1400 systems to determine the characteristics of these processes during the growing season (April-October) of the arid mountainous grasslands of this region. (1) The latent heat flux (Le) was lower than the sensible heat flux (He) overall, and a small transient decrease in Le was observed before its daytime maximum; daily comparative variations in both fluxes were closely related to vegetation growth. (2) Evapotranspiration (ET) showed substantial variation across different years, seasons and months, and monthly variations in ET were closely related to vegetation growth. Water condensation (Q) was low and relatively stable. Relatively high levels of soil water were measured in spring followed by a decreasing trend. The land-atmosphere exchange of water and heat during the growing season in this region was closely associated with phenology, available precipitation and terrain. This study provides data support for the scientific management of arid mountainous grasslands.