Looked into it quite seriously last year actually. The freehold ownership zones are well established legally for foreign buyers which removes a lot of the uncertainty you get in other international markets. The variety of villa communities is wider than most people expect too, from more accessible townhouse style properties through to serious luxury estates depending on what the budget allows.
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The elongated shape point is real, it makes a noticeable difference on the finger compared to a round stone of the same carat weight. Oval diamond engagement rings have a softness to them that round cuts don't quite replicate, more romantic somehow without being over the top. Setting style matters a lot with this cut too, a good solitaire or a delicate halo brings out the best in the shape. Worth looking at specific pieces rather than going by the cut description alone. One worth having a proper look at is https://pierrejewellery.com/katalog/oval-diamond-engagement-ring-5329
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The family rental angle is what makes this category interesting from an income perspective. Townhouses in Dubai tend to attract tenants who stay longer and treat the property better than short term renters typically would, which makes the income side more predictable over time. The communities built around them usually have decent infrastructure already in place, schools, parks, retail, so there's less guesswork about future value. Pricing varies a fair amount depending on the developer and exact location, so it's worth comparing several projects rather than settling on the first one that looks good. A solid place to browse current options is https://atvir.com/uae/residential-complexes/townhouse .