The Ottomans had no legitimate right to sell that land out from under the people who actually lived there. The whole premise of Zionism is just one of many cases of European colonialism, and no more legitimate than any of the rest.
I'm not trying to be specifically legalistic, just trying to see if there is some general principles here that you think apply outside this situation.
You see the rule of the ottomans as invalid, and this all (legalistic) property rights during that period invalid? That seems it would apply everywhere. How are property rights ever established? What does it take to invalidate them?