Even the name of the race was changed from last year, when it was dubbed the 2013 Peace Roadshow.
But the atmosphere was still festive.
Ferrari, Audi and Porsche vehicles were displayed in a hangar near Jerusalem's former railway station, while models posed alongside cars as television crews and avid F1 fans thronged the hall.
Cars raced at speeds of up to 240km/h on a two-kilometre track running past the Old City walls.
Italian driver Giancarlo Fisichella tore up the tarmac, the burning rubber from his tyres leaving spectators in a cloud of smoke. The atmosphere was captured in a slogan hanging in the showroom: "If everything seems under control, you're not going fast enough."
Local talent was on display in the form of rising Israeli star Alon Day, who said he hoped the event would help boost motor racing in Israel.
"It's crazy" having racing in Jerusalem, he said.
"You have to realise there's been no motorsport in Israel in the past 50 years."
"This is something extremely big, and will give a really big boost to Israeli motorsport," he said. The thoughts of many were with French driver Jules Bianchi, whose horrifying crash at the Japanese Grand Prix on Sunday left him fighting for his life.
But - especially as the event was non-competitive - Fisichella said there were no concerns over safety in Jerusalem.
"It's a roadshow and everything will be maximum safety, it will be a safe show," he said.
-AAP