The PSNI say that around 5.20 pm, police received a report that a 29 year old man was shot in the arm by a crossbow while he was in a parked car in the Belgravia Avenue area.
A 29 year old woman was also in the car at the time but she was not injured.
The 29 year old man required hospital treatment for non-life threatening injuries.
A 28 year old man was later arrested on suspicion of several offences including attempted murder.
He currently remains in custody assisting police with their enquiries.
Anyone who witnessed this assault or who has any information about the incident is asked to contact CID in Musgrave Police Station on the non-emergency number 101.
Or if someone would prefer to provide information without giving their details, they can contact the independent charity Crimestoppers and speak to them anonymously on 0800 555 111.