You can use Arm Virtual Hardware FVP models with embedded projects locally on your machine.

Use in command line interface (CLI):

Section AVH FVPs in Arm Tools Artifactory explains how to download the AVH FVPs to your local machine. For an overview about program execution using CLI see section Simulation - Using AVH FVPs.

Use in IDEs:

Use with Keil Studio explains how to use AVH FVPs in Keil MDK for VS Code running on a Linux/Windows/MacOs machine.
Use with Keil µVision explains how to use Keil MDK uVision running on a local Windows PC.
Several other popular development and debug environments such as IAR and Lauterbach support the Fast Models-based targets and can be used with AVH FVPs as well. Refer to documentation of corresponding tools for setup details.