Dy and Nb were added into the sintered NdFeB magnets with the aim of improving their magnetic properties and corrosion resistance. It was found that intrinsic coercivity of magnets is promoted whilst remanence is reduced as a result of Dy addition. Simultaneous addition of Dy and Nb not only gives rise to greatly improved coercivity, but also suppresses the undesirable effect of Dy on the remanence. The optimum magnetic properties were achieved when 1.0% Dy and 1.5% Nb were incorporated. Moreover, corrosion resistance of NdFeB magnets improves with the increase in the content of Dy and Nb.