In iOS 7, the document directory of the iOS simulators can be found in:
/Users/Sabo/Library/Application Support/iPhone Simulator/
However,
It is correct that we need to look into the path ~/Library/Developer/CoreSimulator/Devices/.
But the issue I am seeing is that the path keeps changing every time I run the app. The path contains another set of long IDs after the Application string and that keeps changing every time I run the app. This basically means that my app will not have any cached data when it runs the next time.