The development site is an area of the St. Marks Retail Park which used to be home to Homebase, Lidl, Topps Tiles and part of BHS.
Now, developers Aberdeen Standard Investments will build ten student accommodation buildings totalling 1,372 bedrooms.
Permission had already been granted by the council for the demolition of the former retail units on the site, which is currently underway, but a meeting of its Planning Committee last night approved the building of the student flats upon it.
There were previous concerns around the designs of the buildings, but the developers had submitted updated design proposals.
Councillor Gary Hewson was one of those who opposed the plans last time, but voted in favour yesterday.
He said: “I voted against it last time but that was nothing to do with it being student accommodation, because we all recognise the need for extra student accommodation as it takes the pressure of housing in the city that was previously for families.
“What I was concerned about was that the original plans were a bit bland and all the brick just wouldn’t have fitted in, but I wasn’t voting against the students.
“Now I think the developers have listened and given us something a bit more attractive with a different colour scheme, so we did the right thing by refusing it last time as that area is a prominent gateway to the city.”