Shortly before 10am this morning officers from the Auto Crime Team observed the Jaguar car on Barnfield Road.
The two male occupants abandoned the car and made off from Police on foot.
One of the occupants was detained by officers from Auto Crime Team with assistance from Air Support Unit and colleagues from Operational Support Department.
The Jaguar car had been reported stolen from a house in Lisburn during the early house of this morning.
The suspect remains in police custody at this time and is being questioned about a number of offences.
Police are appealing for anyone who witnessed any of these incidents to contact officers on 101 quoting reference number 302 of 28/11/17.
Information can also be passed anonymously via the independent charity Crimestoppers on 0800 555 111.