In biomedical applications realistic phantoms are becoming more useful for validation and testing of precursor systems. These artificial phantoms require stable and flexible tissue-mimicking materials with realistic dielectric properties in order to properly model human tissues. We have fabricated a low-water-content, low cost, mechanically and electrically stable, good shelf life and multi-layered heterogeneous phantom consisting of skin, fat and muscle tissues. We have chosen semi-solid type phantom for each tissue layer. The size and thickness of the each layer is chosen based on the average thickness of human tissue. Altering the ingredient composition wisely we can alter its dielectric properties also. By reason of no osmosis occurrence, the tissues can be employed to construct heterogeneous phantoms or even anthropomorphic phantoms without causing any changes in geometry or electrical properties. The performance of the fabricated phantom is carried out using an open-ended coaxial slim probe system by Agilent Technologies. Nearly all previous studies were based on very high frequency( VHF), so we present ultra-wide band (UWB), 500MHz-20GHz multilayered phantoms. We have measured our phantom after 2 month time period and we got quite good results for the dielectric properties without having significant variations. Thus, our fabricated sets of ATE phantom have good long lasting properties with good physical and dielectric stability.