android studio and manager error ( emulator not installed ) on M1 mac

Issue

I can't run emulators on my M1 MacBook Air. I have downloaded an arm 64 system image on Android SDK but each time I try to create a new emulator there is an error that says emulator not installed. in avd setup (look at the first picture). ofcourse the emulator is created but after that in and manager there is a button that says install emulator which I clicked and a dialog pops up for a few seconds downloading some stuff but nothing happens. nothing is downloaded or installed

and here are the tools I have installed on sdk :

Solution

Update to Android Studio 2021.1.1.It is in canary though. link

Answered By - I AM