The Real estate market worldwide is expected to reach a staggering value of US$637.80tn by 2024. China is set to generate the highest value in the Real Estate market market, with an impressive US$135.70tn projected for 2024. The city of Dubai's real estate market alone in Q3 2023 reached an astounding AED 97.5 billion with high appetite for being the best and most innovative, according to Statista Market Insights.

The Commercial Real Estate market market worldwide is projected to reach a staggering value of US$118.80tn by 2024 as per Statista Market Insights. One of the key trends in the Commercial Real Estate market is the rise of co-working spaces. This trend has been driven by the increasing number of freelancers, entrepreneurs, and remote workers who are seeking flexible and collaborative work environments.

Among the various segments, Residential Real Estate dominates the market with a projected market volume of US$518.90tn in the same year. One notable trend is the increasing demand for rental properties. This trend can be attributed to various factors such as changing demographics, lifestyle preferences, and the flexibility that renting offers.

According to the 2023 Global Licensing Industry Study, the global sales of licensed merchandise and services reached $340.8 billion in 2022, marking an impressive growth of +8.02% over the $315.5 billion reported for 2021. Licensing around nostalgic properties, in particular, remains vibrant and highly relevant.

Trends indicate that licensing, especially around beloved, timeless properties, is indeed far from fading away. The licensing industry is well-positioned to continue thriving by leveraging nostalgia alongside innovation. The trend towards nostalgia in licensed entertainment properties is a powerful one. Consumers show a strong affinity for brands and properties that evoke memories of the past, combining a sense of comfort with a desire for authenticity and quality.

According to KPMG, Mixing up retail with other complementary real estate components, such as hotels, offices, or residential, could be a commendable idea to generate a certain footfall. Visitors’ footfall is shifting from outdated retail destinations towards new, more attractive organized retail destinations with more spirited themes and a vibrant tenants’ mix. The demand for apartments is likely to remain high as well, mainly due to affordability. Future developments should focus on the needs of both residents and tourists.