In your left sidebar navigate to Pages > Add New to create a new page and from the Page Attributes box located in the right sidebar and select Template: Dashboard Favorite.
This page groups all the listings that have been added to the favorites. Once you create this page, navigate to the front-end of your website, open the user menu on the top right corner of your page, and navigate to Favorites. You will see this new section of the site as displayed in the image below.
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