May because its DP and they will fix it, but for time being anyone have an idea how to solve this issue?
For me only reboot is solving the issue. I could have done this but its becoming very frequent.

It works fine when running in device. Any help appreciated.Thanks.
As Michael D suggested, I got an instant answer from Dev forum.
Here is the answer:
Delete the app from simulator or reset the simulator.
Later I got Similar issue in iPhone too. Deleting the app from iPhone will solve that issue also.
This works.
it's a bug of xcode5 preview 1, if you modified xib with xcode5, it will result app failed install in simulator.you can revert xib changes and run again.
来源:https://stackoverflow.com/questions/17187545/cant-run-app-in-simulator-xcode-5