Dispensationalism - Progressive revelation

One of the most important underlying theological concepts for dispensationalism is progressive revelation. While some non-dispensationalists start with progressive revelation in the New Testament and refer this revelation back into the Old Testament, dispensationalists begin with progressive revelation in the Old Testament and read forward in a historical sense. Therefore there is an emphasis on a gradually developed unity as seen in the entirety of Scripture. Biblical covenants are intricately tied to the dispensations. When these Biblical covenants are compared and contrasted, the result is a historical ordering of different dispensations. Also with regard to the different Biblical covenant promises, dispensationalism emphasizes to whom these promises were written, the original recipients. This has led to certain fundamental dispensational beliefs, such as a distinction between Israel and the Church.

This is the view that I hold.  Consider the following biblical divisions founded around God's promises:

The Adamic Covenant:  God gives rule to humankind to rule over God's creation and makes mankind in His own image (Genesis 1 - 3).

The Noahic Covenant:  God promises to never again bring about total destruction by way of a great flood and places the rainbow over the sky as a reminder of His oath (Genesis 6).

The Abrahamic Covenant.  God promises his servant Abraham to be the mediator of God's grace to the nations by bring forth from his seed a great nation in the people of Israel (Genesis 12).

The Palestinian Covenant: The giving of the land to the descendant's of Abraham.

The Davidic Covenant: The promise that David's heir (Jesus Christ) will come from the seed of David.

The New Covenant - Inaugurated by Jesus Christ that salvation for God's people will be a gift from God by grace received by faith.  This is also know as the Church Age.