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God made two promises to Abraham regarding his seed.

Genesis 22:17,18
17That in blessing I will bless thee, and in multiplying I will multiply thy seed as the stars of the heaven, and as the sand which is upon the sea shore; and thy seed shall possess the gate of his enemies;
18And in thy seed shall all the nations of the earth be blessed; because thou hast obeyed my voice. 

This is confirmed in Galatians 3 as the spiritual promise. Jesus was Abraham's seed through Mary and through Jesus, all nations of the earth have been blessed. John Wesley described it like this in his "Explanatory Notes," "Abram's seed according to the flesh were like the dust of the earth, Genesis 13:16, but his spiritual seed are like the stars of heaven." That would fit analogically. The dust of the earth belongs to the ground, whereas, the stars have no earthly home. Jesus said in John 18:36 that His kingdom is not of this world. However, God is clearly telling Abram in Genesis 13:14-16 that He was going to give Abram's seed the piece of physical real estate that Abram was standing on.

Genesis 13:14-16 
14And the Lord said unto Abram... Lift up now thine eyes, and look from the place where thou art northward, and southward, and eastward, and westward: 15For all the land which thou seest, to thee will I give it, and to thy seed for ever. 16And I will make thy seed as the dust of the earth: so that if a man can number the dust of the earth, then shall thy seed also be numbered.

There are many passages throughout the Old Testament predicting that God would restore His people (the nation of Israel) to the land of Israel. If all of those promises are relating to Abraham's spiritual see (believers in Christ), that would justify Christians from all over the world packing their bags and moving to the land God gave to Abraham, crusading in other words. But, anyone who reads the NT, knows that's not the case. Nowhere in the NT are Christians told that God had give them or will one day give them the actual, physical land of Israel.

Until 1948, the physical promises were a source of confusion to many Christians. Some claimed that God annulled all promises to the physical descendants of Abraham when the Jews rejected their Messiah, while others simply spiritualized everything they didn't understand.

http://www.growingchristians.org/dfgc/israel.htm