Growth promoters are added with broiler feed to boost the overall feed efficiency and growth rate. The current study investigated the effect of dexamethasone (DEX)—a commonly used growth promoter—on the broiler growth rate, meat quality, and muscle biology. Four homogenous groups (20 chicks/group) of broiler one-day-old chicks were fed commercial broiler feed where the treatment groups received 3, 5, and 7 mg/kg of DEX with their diet for 28 d. Feed consumption and body weight were monitored on a daily basis. Muscle samples were collected on 7, 14, 21, and 28 d of the experiment to investigate meat quality and muscular biology. The residue of DEX in meat was detected using thin-layer chromatography. We observed that DEX had substantially decreased (P < 0.05) feed intake, feed efficiency, and overall weight gain in the broiler. While the weight of breast and thigh meat was decreased, the relative meat weight (meat/body weight) was increased significantly in chicks fed DEX. Simultaneously, body fat decreased while the percentage of fat increased significantly (P < 0.05) in the DEX groups. Contrariwise, DEX improved the investigated meat quality parameters with the potential threat of accumulation of DEX residue in the meat at a high dose (7 mg/kg). We also observed that DEX significantly increased the number of myofibers and decreased the cross-sectional area of myofibers. Based on these findings, we conclude that DEX reduces feed intake, feed efficiency, and growth rate, but might improve meat quality with a potential risk of residual DEX accumulation if fed at a high dose.