the Doppler component $1+\beta$ and the time dilation component [...] $\gamma$
That decomposition really makes no sense from a special or general relativistic perspective. The only reason you might write the Doppler shift that way is if you're trying to make a connection with nonrelativistic Doppler shift.
There is only one kind of redshift in special and general relativity: an object with a timelike worldline emits two light wavefronts/pulses at times separated by $dτ_e$, they propagate along null geodesics to a second timelike worldline which they intersect at times separated by $dτ_r$, and the redshift is $1{+}z = dτ_r/dτ_e$.
For certain special worldlines and spacetime backgrounds, you can come up with simple formulas for $1{+}z$. Examples are arbitrary worldlines in a Minkowski background (special-relativistic redshift, derived here), stationary worldlines in a static background ("gravitational redshift", derived here), and comoving worldlines in a FLRW background ("cosmological redshift", see previous link). These are just simple, symmetric special cases. In a general spacetime background, there is only general Doppler shift.
Some argue that there is no time dilation in this case
"Time dilation" can refer to a difference in total elapsed proper time along different worldlines that meet twice (the twin effect/paradox), which is a real physical effect. But comoving observers in FLRW cosmology never meet.
It can also mean, in special relativity, $dτ/dt<1$, where $τ$ is the proper time of some worldline and $t$ is the $t$ coordinate of some inertial frame. This is frame-dependent and not really a physical effect, unless all of the clocks that define $t$ really exist. That answer seems to be using this second meaning, but applied to a noninertial frame (FLRW coordinates).
In special relativity, if all of your clocks are at rest relative to your chosen inertial frame, there is no time dilation relative to those coordinates. Likewise, in FLRW coordinates, if all of the clocks are at rest relative to the coordinates, there is no time dilation relative to those coordinates. This doesn't have any physical consequences. It's a near-tautological statement that amounts to saying that $dτ/dt=1$ if $τ=t$. It does mean, though, that if you want to calculate a redshift factor in those coordinates, you shouldn't include a factor for time dilation of comoving observers.
Doppler component due to the galaxies recession speed and the time dilation component due to the space expansion
There is a redshift from the recession speed of the galaxies, and there's a redshift from the expansion of space, but they don't combine with each other, they're just equal to each other, because "recession speed" and "expansion of space" are different names for the same thing.
In the special case of linear expansion, $a(τ) = τ/τ_0$, spacetime is flat and you can actually put a global Minkowski coordinate system on it. The Minkowski coordinates $(x,t)$ are related to the FLRW coordinates $(χ,τ)$ by $$\begin{eqnarray} t &=& τ\,\cosh\,(χ/τ_0) \\ x &=& τ\,\sinh\,(χ/τ_0) \end{eqnarray}$$
and the cosmological recession is just SR relative motion, and the cosmological redshift is SR redshift given by the SR formula, which you could even decompose into $1{+}β$ and $γ$ components if you really wanted to.
You shouldn't attach too much physical significance to this coordinate system (if any at all), but it illustrates that there's no real difference between redshifts that are usually attributed to different physical mechanisms.