Yes it would, even valid for W210, W211, W202 etc. Simple design. Dont worry about using special grease - get some disc brake wheel bearing grease and pack it up.

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2012 BMW X5 (Beef + Granite suspension model)

1995 E300D - The original humming machine (consumed by Flood 2017)
2000 E320 - The evolution (consumed by flood 2017)