It follows a stabbing incident in the Spamount Street area on Saturday, October 19.
Officers were in attendance following reports of groups of youths fighting in the North Queen Street area, when a report was received at around 9.45 pm that a teenage boy had been stabbed.
The boy was taken to hospital where he remains today receiving treatment for his injuries which are described as serious but not life threatening at this time.
The arrested man is in police custody assisting with enquiries.
Enquiries into the incident are ongoing and detectives would ask anyone with any information about the disorder in the area or the stabbing incident to contact them at Musgrave on 101 quoting reference number 1810 19/10/19.
Alternatively, information can also be provided to the independent charity Crimestoppers on 0800 555 111 which is 100% anonymous and gives people the power to speak up and stop crime.