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

Command Line Interface (CLI)

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

Use in IDEs

Use with Keil Studio explains how to use Arm FVPs in Keil Studio running on a Linux/Windows/MacOs machine.
Use with Keil µVision explains how to use uVision running on a local Windows PC.
IAR Embedded Workbench for Arm, Lauterbach Trace32 and other popular development and debug environments provide support for Arm Fast Model based targets and hence can be used with Arm FVPs as well. Refer to the documentation of corresponding tools for setup details.