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The three-phase dual active bridge (3p-DAB) converter is widely considered in next-generation DC grid applications. As for traditional AC grids, the successful integration of power electronic converters in DC grids requires accurate time-domain system-level studies. As demonstrated in the existing literature, the development and efficient implementation of large-signal models of 3p-DAB converters are not trivial. In this paper, a generalized average model is developed, which enables system-level simulation of DC grids with 3p-DAB converters in electromagnetic transient type (EMT-type) programs. The proposed model is rigorously compared with alternative modeling techniques: ideal-model, switching-function and state-space averaging. It is concluded that the generalized average model provides an optimal solution when accuracy of transient response, reduction in computation time, and wideband response factors are considered.