I'm not quite sure what there is to debate, it just seems more of the same old thing that seems to have no end. I'm not trying to offend anybody but the Old Testament seems to have the Hebrews as the chosen people and the Koran seems to have the Muslims as the chosen people, and they have been killing each other ever since- the Holy Land?
Your religious terminology and comparisons are incorrect.
In the Torah - which is the first five books of what it commonly called the "old testament" and given to the Jews over 3,000 years ago, G-d creates an agreement with the Jewish People that they should live in the Land that He Promises to give to them, the Land of Israel. The Jewish People in turn Promise to obey G-d and His Laws that He gave to them in His Torah.
This is the simple understanding of why Jews claim the Land of Israel which you are referring to as "the Holy Land."
According to Islam, the Koran came to Mohammad via an angel. This Koran was later written down after Mohammad's death.
In it, Mohammad clearly refers to the Land of Israel as belonging to the Jews.
In the Koran, Chapter 17; Surah Al-Isra' (The Journey by Night), it says:
"And We said to the Children of Israel after him: "Dwell in the land, then, when the final and the last promise comes near. We shall bring you altogether as mixed crowd."
However,
In the Koran, Chapter 17; Surah Al-Isra' (The Journey by Night), it also says:
"Glorified be He Who took His slave for a journey by night from Al-Masjid-al-Haram to the farthest mosque, the neighborhood whereof We have blessed, in order that We might show him of Our Ayat. Verily, He is the All-Hearer, the All-Seer."
This referred to a vision or dream that Muhammad had.
" Caliph Omar ibn al Khattab (579-644) was advised by his associate, Ka'ab al-Ahbar, a Jewish rabbi who converted to Islam,[4] that the Night Journey (Isra and Mi'raj), which is mentioned in the Quran and specified by the hadiths of being located in Jerusalem, took place at the site of the former Jewish Temples."
The Temple Mount, as a result of this dream and the subsequent interpretation, then became "the third holiest place in Islam."
Israel and The Land of Israel, has no particular significance in the Koran other than being the Land of the Jews.