Two men aged 24 and 33 were targeted as they sat in a car in the Eastway area of the Whitehill estate at around 12.45am on February 10.
The suspect, aged 41, was detained during the search of a property on the estate this morning. Officers also carried out a search in the nearby Kilcooley area, a PSNI spokeswoman said.
A number of items have been removed for examination.
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