The opera house, which has been designed by Baghdad-born architect Zaha Hadid, the first woman winner of the prestigious Pritzker Prize, will be built on an island in Dubai's Creek area.
It will feature two libraries and a school for music, and an outdoor theatre, as well as a marina and a luxury hotel, WAM said.
One of the two planned museums will be dedicated to art while the other will be multidisciplinary, it added.

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