Unfortunately, your warm and fuzzy justification doesnt match the facts in evidence.
1) Jews have been a minority in that region for most of its history. Also of note is the fact that many of those in the region who are now Muslim are decendants of Jews.
2) Jews have exercised dominion over the region for only a fraction of it's history. Those with equal claim to the region would include Iranians, Iraqis, Syrians, Khurds, Egyptians, Turks, Greeks, Italians, Arabs, French and English.
3) The ethnic ties of European Jews to the region has never been established.
4) Since there has been continuous human habitation of the region for over 450,000 years the fact that Abraham wandered in from Iraq and claimed the land doesn't negate the claim of the people already living there.