Hi Everyone,
I was following this issue and what worked for me is the following:
Go to the URL: https://developer.apple.com/download/all/
You will be asked to login with your developer account.
Download "iOS 17 Simulator Runtime". With Chrome, you also might get download paused but be patient. Eventually after a long time it will downloaded as Chrome has better built in tolerance to resume downloads.
Run the following command:
xcrun simctl runtime add "Path to downloaded dmg file"
e.g. xcrun simctl runtime add "~Downloads/iOS_17_Simulator_Runtime.dmg"
And after that you should be able to continue with your app development.
I hope it helps you
With Regards
Saurabh