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Officers recovered the drugs after raiding a property in the city's Ferrier Gardens on Tuesday afternoon.
Police Scotland arrested a 31-year-old man in connection with the incident.
The suspect is expected to appear at Aberdeen Sheriff Court on Wednesday.
Detective Inspector Robin Sim said: "This is a significant recovery and is an example of our efforts to disrupt the trade in illegal drugs in the northeast of Scotland."
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DI Sim added: "This operation also underlines our commitment to the Serious Organised Crime Taskforce and the country's Serious Organised Crime Strategy.
"Activity such as this is driven by community intelligence and I would urge anyone with information or concerns about drugs to contact us on 101, or make a call anonymously to the charity Crimestoppers on 0800 555 111."