So essentially, what you are arguing for is colonialism, but colonialism ended shortly after World War II. Israel is the last vestige of European Colonialism in the Middle East.
Um, no, not how that works at all. By most of the world, self-determination is determined by who lives in an area, and there are more Palestinians than Israelis. Only because the Zionists illegally maintain an apartheid state does it get away with even existing.
But Apartheid ended in South Africa, it will end in Palestine as well.
The best the Israelis can hope for is a two-state solution.
Actually, at the time of the Islamic Conquest, most of the Levant was Christian and under the rule of the Byzantine Empire. (The Byzantine and Parthian Empires bled each other white with a century of warfare, making it easy for the Caliphate to overrun them.