I think that first you should understand that if your Poisson-Lie group has zero Poisson structure then the dressing action of $G$ on $G^*\simeq \mathfrak g^*$ is just the usual coadjoint action.
Let $G=SU(2)$ and consider the so-called standard Poisson-Lie group structure. This implies $D=SL(2,\mathbb C)$ and
$$
G^*\simeq \left\{\begin{pmatrix}a&b\\ 0&a^{-1} \end{pmatrix} : a\in\mathbb R_{>0}, b\in\mathbb C\right\}\, .
$$
The fact that you can write both:
$$
D=SU(2)G^*=G^*SU(2)
$$
is just an instance of Iwasawa decomposition and a simple computation with $2\times 2$ matrices will give you quite explicit formulae. If you wish to control results you may find them here: Ahluwalia.
More generally the Iwasawa dcomposition, written as both a left and right Iwasawa decomposition, gives you the factorizations needed to write down in principle explicit formulae for the dressing action. I say in principle because in practice writing down explicit formulae for a given matrix in $SL(n;\mathbb C)$ may be quite difficult.
Of course usually you're not that interested in explicit formulae, rather in properties of this action e.g. a description of its orbits which coincide with the symplectic foliation that for a compact standard Poisson-Lie group is by now well understood.