Out of memory issue after updating buildToolsVersion '23.0.1' in Android studio

I am getting out of memory issue very often after updating buildToolsVersion '22.0.1' to buildToolsVersion '23.0.1' I am really confused and don't know how to solve this issue, since this error showing only with buildTools version 23.0.1. Whereas it is working fine when I change it to 22.0.1. Please help me. I am posting the error which I am getting as follows,

Uncaught translation error: java.util.concurrent.ExecutionException: java.lang.OutOfMemoryError: Java heap space
Uncaught translation error: java.util.concurrent.ExecutionException: java.lang.OutOfMemoryError: Java heap space
Uncaught translation error: java.util.concurrent.ExecutionException: java.lang.OutOfMemoryError: GC overhead limit exceeded
Uncaught translation error: java.util.concurrent.ExecutionException: java.lang.OutOfMemoryError: Java heap space
Uncaught translation error: java.util.concurrent.ExecutionException: java.lang.OutOfMemoryError: GC overhead limit exceeded
Uncaught translation error: java.util.concurrent.ExecutionException: java.lang.OutOfMemoryError: Java heap space
Error:Execution failed for task ':app:transformClassesWithDexForDebug'.
> com.android.build.transform.api.TransformException: com.android.ide.common.process.ProcessException: org.gradle.process.internal.ExecException: Process 'command 'C:\Program Files\Java\jdk1.7.0_25\bin\java.exe'' finished with non-zero exit value 1

build.gradle

apply plugin: 'com.android.application'

android {
    compileSdkVersion 23
    buildToolsVersion '23.0.1'

    defaultConfig {
        applicationId "com.example.app"
        minSdkVersion 14
        targetSdkVersion 23
        versionCode 1
        versionName "1.0"
        // Enabling multidex support.
        multiDexEnabled true
    }
    buildTypes {
        release {
            minifyEnabled false
            proguardFiles getDefaultProguardFile('proguard-android.txt'), 'proguard-rules.pro'
        }
    }
}

dependencies {

    compile 'com.android.support:appcompat-v7:23.0.1'
    compile 'com.android.support:support-v4:23.0.1'
    compile 'com.android.support:design:23.0.0'
    compile 'com.android.support:cardview-v7:23.0.1'
    compile 'com.android.support:recyclerview-v7:23.0.1'
    compile 'com.android.support:palette-v7:23.0.1'
    compile 'com.google.android.gms:play-services:7.5.0'
}

Thanks in advance.

Add this to your android closure in your build.gradle file:

dexOptions {
    javaMaxHeapSize "4g"
}

Android Studio Google JAR file causing GC overhead limit exceeded error

The accepted answer works but I was confused for a bit about where to put the dexOptions in my build.gradle. We actually put it under the android section.

Here is example snippet:

android {

    dexOptions {
        javaMaxHeapSize "4g"
    }

    ......
}