Here's why:
* "e" in "de" has the long "e" sound, as in the word "see."
* The other vowels in "dehydrated" are short vowels:
* "i" in "hy" has the short "i" sound, as in "hit."
* "a" in "dra" has the short "a" sound, as in "cat."
* "e" at the end is silent.