A man and woman have been arrested after sparking a foot chase with police on the northern Gold Coast early this morning.

Police spotted a stolen Mazda 3 parked in Oxenford around midnight and attempted to approach the vehicle, however it sped off.

A man and woman then allegedly dumped the vehicle on Kopps Street before doing a runner.

Police were hot on their heels, arresting a 40-year-old woman a short time later.

The 23-year-old man managed to get away and was eventually tracked down in Kansas Court around 1am after allegedly breaking into a nearby home.

Charges are yet to be laid, with investigations ongoing.

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